A Fast Literature Search Engine based on top-quality journals, by Dr. Mingze Gao.
- Topic classification is ongoing.
- Please kindly let me know [mingze.gao@mq.edu.au] in case of any errors.
Your search
Results 536 resources
-
We show that large retailers, competing with smaller stores thatcarry a narrower range, can exercise market power by pricingbelow cost some of the products also offered by the smaller rivals,in order to discriminate multistop shoppers from one-stop shoppers.Loss leading thus appears as an exploitative device rather than asan exclusionary instrument, although it hurts the smaller rivals aswell; banning below-cost pricing increases consumer surplus, rivals'profits, and social welfare. Our insights extend to industries whereestablished firms compete with entrants offering fewer products.They also apply to complementary products such as platforms andapplications. (JEL L11, L13, L81)
-
We propose a collective labor supply model with household productionthat generalizes a model of Blundell, Chiappori, and Meghir(2005). Adults' preferences depend not only on own leisure and individual private consumption of market goods. They also depend onthe consumption of domestic goods, which are produced by combiningmarket goods with individuals' time. A new identification result,which uses production shifters, is developed. We apply our model tounique data on Dutch couples with children. Our application usesa novel estimation strategy that builds upon the familiar two-stageallocation representation of the collective model. (JEL D12, J12, J22)
-
Fisher et al. (2012)––henceforth, FHRS––have uncovered coding and data errors in our paper, Deschênes and Greenstone (2007), henceforth, DG. We acknowledge and are embarrassed by these mistakes. We are grateful to FHRS for uncovering them. We hope that this Reply will also contribute to advancing the literature on the vital question of the impact of climate change on the US agricultural sector.
-
Washington's "revolving door"––the movement from government service into the lobbying industry––is regarded as a major concern for policy-making. We study how ex-government staffers benefit from the personal connections acquired during their public service. Lobbyists with experience in the office of a US Senator suffer a 24 percent drop in generated revenue when that Senator leaves office. The effect is immediate, discontinuous around the exit period, and long-lasting.Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the seniority of and committee assignments power held by the exiting politician.
-
Researchers have scrutinized foreign aid's effects on poverty and growth, but anecdotal evidence suggests that donors often use aid for other ends. We test whether donors use bilateral aid to influence elections in developing countries. We find that recipient country administrations closely aligned with a donor receive more aid during election years, while those less aligned receive less. Consistent with our interpretation, this effect holds only in competitive elections, is absent in US aid flows to non-government entities, and is driven by bilateral alignment rather than incumbent characteristics.
-
In a series of studies employing a variety of approaches, we have found that the potential impact of climate change on US agriculture is likely negative. Deschênes and Greenstone (2007) reportdramatically different results based on regressions of agricultural profits and yields on weather variables. The divergence is explained by (1) missing and incorrect weather and climate data in their study; (2) their use of older climate change projections rather than the more recent and less optimistic projections from the Fourth Assessment Report; and (3) difficulties in their profit measure due to the confounding effects of storage.
-
This paper uses a rich panel dataset of Spanish manufacturing firms (1990-2006) and a propensity score reweighting estimator to show that multinational firms acquire the most productive domestic firms, which, on acquisition, conduct more product and process innovation(simultaneously adopting new machines and organizational practices) and adopt foreign technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that explains both the observed selection patterns and the innovation decisions. Further, we show in the data that innovation upon acquisition is associated with the increased market scale provided by the parent firm.
-
Mortgage loans are leading examples of transactions where expertson one side of the market take advantage of consumers' lack of knowledge and experience. We study the compensation that borrowers pay to mortgage brokers for assistance from application to closing. Two findings support the conclusion that confused borrowers overpay for brokers' services: (i ) A model of effective shopping shows that borrowers sacrifice at least $1,000 by shopping from too few brokers. (ii ) Borrowers who compensate their brokers with both cash and a commission from the lender pay twice as much as similar borrowers who pay no cash. (JEL D12, D14, G21)
-
A model of human capital investment and activity choice is used to explain facts describing gender differentials in the levels and returns to human capital investments and occupational choice. These include the higher return to and level of schooling, the small effect of healthiness on wages, and the large effect of healthiness on schooling for females relative to males. The model incorporates gender differences in the level and responsiveness of brawn to nutrition in aRoy-economy setting in which activities reward skill and brawn differentially. Evidence from rural Bangladesh provides support for the model and the importance of the distribution of brawn.
-
Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different demographic stages. We estimate equivalence scales and bequest motives simultaneously within a fully specified model where agents face US demographics andsave and purchase life insurance. Our findings indicate that individuals are very caring for dependents, that economies of scale are large, that children are very costly (or yield very high marginal utility), that wives with children produce lots of home goods, and that females display habits from marriage, while men do not. These findings contrast sharply with standard equivalence scales.
Explore
Journals
- American Economic Review (256)
- Journal of Finance (60)
- Journal of Financial Economics (124)
- Review of Financial Studies (96)
Topic
- Bond (21)
- CEO (12)
- Capital Structure (9)
- Director (8)
- Mergers and Acquisitions (4)
Resource type
- Journal Article (536)