who completed undergraduate education in the Netherlands between 1995 and 2001. Our estimation results show that 1 …

, the welfare increases of the household, as measured by changes in consumption, are larger than when services are provided … confirm. Thus, we find that bundling of services may help realize welfare effects. …

corrects the bias and brings inflation back on target. Adopting this asymmetric rule improves welfare and reduces the risk of …

We examine the effect of direct mail (commonly referred to as junk mail) advertising on individual financial decisions … view that advertising is persuasive. …

, sellers must advertise to inform those consumers about price cuts. If advertising is costly, relative to single period profit …, advertising is profitable only if the cost cut is likely to persist, but not if it is likely to be short lived. Thus, if sellers …

of individuals to information. Goods advertising is competing with political information for people's attention. This …

Despite the empirical relevance of advertising strategies in concentrated markets, the economics literature is largely … silent on the effect of persuasive advertising strategies on pricing and market structure and increasing (or decreasing …) dominance. We propose a simple model of persuasive advertising and pricing with differentiated goods and analyze the …

We unify two approaches towards identifying native welfare effects of immigration, one emphasizing the immigration … surplus (Borjas, 1995,1999), the other identifying a welfare loss due to terms-of-trade effects (Davis & Weinstein, 2002). We … decompose the native welfare effect of immigration into the standard complementarity effect, augmented by a Stolper …