Just and efficient allocations of charity have attracted much academic and media attention. The sources of inefficiency and unjust are important to understand yet understudied. Our study aims to fill this void by directly modelling the victims' market in a collective reputation framework. By...

This study examines the effectiveness of virtual tours and digital marketing strategies in enhancing real estate sales using a unique dataset combining MLS data, government-assessed property values, and agents' marketing activities. While virtual tours are often perceived as a powerful tool to...

Endogeneity is a primary concern when evaluating causal effects using observational panel data. While unit-specific intercepts control for unobserved time-invariant confounders, dependence between (i) regressors (e.g., marketing mix strategy of interests) and the current error term (regressor...

We use an extensive panel of 17 million individuals born between 1947 and 1995 from China's largest online marketplace, Taobao, to study the impact of RAE on the propensity to become an entrepreneur. Using events surrounding the Cultural Revolution and the issuance of the Compulsory Education...

In this paper I provide a theory for brand-protection strategies to reduce counterfeiting under weak intellectual property rights. My theoretical framework has general implications for endogenous sunk cost investments as a means of deterring counterfeiters. My model incorporates two layers of...

By thoroughly controlling for the country covariates, through a combination of matched sampling techniques with fixed-effect panel regression models, the analyses arrive at robust results across the various model specifications. First, national pharmaceutical patent protection alone does not...

Unlike random sampling, selective sampling draws units based on the outcome values, such as over-sampling rare events in choice outcomes and extreme activities on continuous and count outcomes. Despite high cost effectiveness for marketing research, such endogenously selected samples must be...

A prominent challenge when drawing causal inference using observational data is the ubiquitous presence of endogenous regressors. The classical econometric method to handle regressor endogeneity requires instrumental variables that must satisfy the stringent condition of exclusion restriction,...

Conventional wisdom holds that illegal copies cannibalize legitimate sales, even though previous research has found mixed effects, with illegal copies acting as both a substitute and complement. Yet, a relatively unexamined aspect to date is the quality of illegal copies. Building on product...

Given the ubiquitous presence of endogenous regressors and the challenges in finding good instruments to overcome the endogeneity problem, a forefront of recent research is the development and application of endogeneity correction methods without requiring instruments. In this article, we...