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Previous research on sustainability and health-related product labels has sought to develop segmentation frameworks … savings, health benefits) vs. both. This article addresses these gap by 1) developing a consumer segmentation based on … consumers' actual purchases of sustainability and health-related products and 2) differentiating product labels based on the …
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This paper investigates how increases in concentration can be interrupted or reversed by changes in how firms compete on quality. We examine the U.S. hotel industry during the past half century. We document that starting in the early 1980s, quality competition came more in the form of costs that...
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We use transaction-level data and detailed modeling of the high-frequency behavior of federal funds-Eurodollar yield spreads to provide evidence of strong integration between the federal funds and Eurodollar markets, the two core components of the dollar money market. Our results contrast with...
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This paper quantifies the welfare effects of a change in the nominal exchange rate using the example of the beer market. I estimate a structural econometric model that makes it possible to compute manufacturers’ and retailers’ pass-through of a nominal exchange-rate change, without observing...
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