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作者：Sahni, Navdeep S.; Nair, Harikesh
摘要：We develop a field experiment that assesses whether advertising can serve as a signal that enhances consumers' evaluations of advertised goods. We implement the experiment on a mobile search platform that provides listings and reviews for an archetypal experience good, restaurants. In collaboration with the platform, we randomize about 200,000 users in 13 Asian cities into exposure of ads for about 600+ local restaurants. Within the exposure group, we randomly vary the disclosure to the consum...
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作者：Chade, Hector; Eeckhout, Jan
作者单位：Arizona State University; Arizona State University-Tempe; University of London; University College London
摘要：In many economic applications of matching, the teams that form compete later in market structures with strategic interactions or with knowledge spillovers. Such post-match competition introduces externalities at the matching stage: a team's payoff depends not only on their members' attributes but also on those of other matched teams. This article develops a large market model of matching with externalities, in which first teams form, and then they compete. We analyse the sorting patterns that ...
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作者：di Maggio, Marco; Kermani, Amir; Palmer, Christopher J.
作者单位：Harvard University; National Bureau of Economic Research; University of California System; University of California Berkeley; Massachusetts Institute of Technology (MIT)
摘要：We document the transmission of large-scale asset purchases by the Federal Reserve to the real economy using rich borrower-linked mortgage-market data and an identification strategy based on mortgage market segmentation. We find that central bank QE1 MBS purchases substantially increased refinancing activity, reduced interest payments for refinancing households, led to a boom in equity extraction, and increased aggregate consumption. Relative to QE-ineligible jumbo mortgages, QE-eligible confo...
