Our research explores the link between tokens post Initial Coin Offering (ICO) market performance in terms of returns, volumes and volatility, and the role of social media activity (namely Twitter) as information disseminator vis-à-vis project endorser. We look at a sample of token negotiated...

Purpose This study aims to investigate the relationship between corporate environmental responsibility (CER) and risk-taking in Chinese A-share listed companies from 2011 to 2020. It seeks to understand the influence of CER on risk-taking behavior and explore potential moderating factors....

This handbook provides a complete guide to the New European Bauhaus self-assessment method, designed to promote sustainability, beauty, and inclusiveness in the built environment of Europe and beyond. The handbook comes together with an online tool allowing to evaluate the performance of...

We seek to estimate the causes and magnitudes of network externalitiesfor the automated clearinghouse (ACH) electronic payments system, usinga panel data set on individual bank usage of ACH. We construct anequilibrium model of consumer and bank adoption of ACH in the presenceof a network. The...

We estimate a structural model of the market for automatic tellermachines (ATMs) in order to evaluate the implications of regulating ATMsurcharges on ATM entry and consumer and producer surplus. We estimatethe model using data on firm and consumer locations, and identify theparameters of the...

This paper seeks to understand the impact of the Medicare Rural Hospital Flexi- bility (Flex) Program on rural resident hospital choice and welfare. The Flex program created a new class of hospital, the Critical Access Hospital (CAH), which receives more generous reimbursement in return for...

We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The model demonstrates the potential impact of coinsurance...

We seek to determine the presence and causes of network externalities for the automated clearinghouse (ACH) electronic payments system, using a monthly panel data set on individual bank adoption of ACH. We construct a model of ACH usage that shows how to separately identify network externalities...

We seek to analyze the extent and sources of network externalities for the automated clearinghouse (ACH) electronic payments system using a quarterly panel data set on individual bank adoption and usage of ACH. We provide three methods to identify network externalities using this panel data. The...

This paper develops new econometric methods to infer hospital quality in a model with discrete dependent variables and non-random selection. Mortality rates in patient discharge records are widely used to infer hospital quality. However, hospital admission is not random and some hospitals may...