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Perhaps the most powerful form of framing arises through reference dependence, wherein choices are made recognizing the starting point or a goal. In labor economics, for example, a form of reference dependence, income targeting, has been argued to represent a serious challenge to traditional...
Persistent link: https://www.econbiz.de/10012457971
What accounts for the ubiquity of small vendors operating side-by-side in the urban centers of developing countries? Why don't competitive forces drive some vendors out of the market? We ran an experiment in Kolkata vegetable markets in which we induced (via subsidizing) some vendors to sell...
Persistent link: https://www.econbiz.de/10013362014
Despite their current prevalence and historical significance, little is known about the economics of open air markets. This paper uses open air markets as a natural laboratory to provide initial insights into the underlying operation of such markets. Using data on thousands of individual...
Persistent link: https://www.econbiz.de/10012463229
Over the past decade, an increasing number of firms have delegated pricing decisions to algorithms in consumer markets such as travel, entertainment, and retail; business markets such as digital advertising; and platform markets such as ride-sharing. This trend, driven primarily by the increased...
Persistent link: https://www.econbiz.de/10014576568
We present several empirical facts about trends in marketing investment in the US. We also present estimates of the private value of brands to firms and aggregate intangible brand capital stocks created by these investments. These investments include the creation and maintenance of a brand name...
Persistent link: https://www.econbiz.de/10013334364
Recent models and empirical work on network formation emphasize the importance of propinquity in producing strong interpersonal connections. Yet, one might wonder how deep such insights run, as thus far empirical results rely on survey and lab-based evidence. In this study, we examine...
Persistent link: https://www.econbiz.de/10013477279
The development prospects of a poor country depend in part on its capacity for innovation. The productivity of its …-location and diaspora effects for accessing knowledge. Then, using patent citation data associated with inventions from India, we … access, on average. However, knowledge access conferred by the diaspora is particularly valuable in the production of India …
Persistent link: https://www.econbiz.de/10012464057
We revisit the relationship between market value and innovation in the context of manufacturing firms in a developing …
Persistent link: https://www.econbiz.de/10012457471
"A long-standing question in social science is to what extent differences in management cause differences in firm performance. To investigate this we ran a management field experiment on large Indian textile firms. We provided free consulting on modern management practices to a randomly chosen...
Persistent link: https://www.econbiz.de/10011394862
school and household inputs, and test its predictions in two very different low-income country settings - Zambia and India …
Persistent link: https://www.econbiz.de/10011394918