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作者：Oberholzer-Gee, Felix; Waldfogel, Joel
作者单位：Harvard University; University of Pennsylvania
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作者：Grubb, Michael D.
作者单位：Massachusetts Institute of Technology (MIT)
摘要：Consumers may overestimate the precision of their demand forecasts. This overconfidence creates an incentive for both monopolists and competitive firms to offer tariffs with included quantities at zero marginal cost, followed by steep marginal charges. This matches observed cellular phone service pricing plans in the United States and elsewhere. An alternative explanation with common priors can be ruled out in favor of overconfidence based on observed customer usage patterns for a major US cel...
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作者：Chiappori, Pierre-Andre; Iyigun, Murat; Weiss, Yoram
作者单位：Columbia University; University of Colorado System; University of Colorado Boulder; Harvard University; Tel Aviv University
摘要：We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriage-market return, defined as the impact of schooling on the marital surplus share one can extract. Men and women may have different incentives to invest in schooling because of different market wages or household roles. This asymmetry can yield a mixed equilibrium with some educated individuals marrying uneducated spouses. When the labor-market r...
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作者：Cooper, Russell; Willis, Jonathan L.
作者单位：University of Texas System; University of Texas Austin; European University Institute; Federal Reserve System - USA; Federal Reserve Bank - Kansas City
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作者：Young, H. Peyton
作者单位：University of Oxford
摘要：New ideas, products, and practices take time to diffuse, a fact that is often attributed to some form of heterogeneity among potential adopters. This paper examines three broad classes of diffusion models-contagion, social influence, and social learning-and shows how to incorporate heterogeneity into each at a high level of generality without losing analytical tractability. Each type of model leaves a characteristic footprint on the shape of the adoption curve which provides a basis for discri...
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作者：Forbes, Silke Januszewski; Lederman, Mara
作者单位：University of California System; University of California San Diego; University of Toronto
摘要：We explore patterns of vertical integration in the US airline industry. Major airlines subcontract portions of their network to regional partners, which may or may not be owned. We investigate if ownership economizes on ex post renegotiation costs. We estimate whether airlines are more likely to use owned regionals on city pairs with adverse weather (which makes adaptation decisions more frequent) and on city pairs that are more integrated into the major's network (which raises the costs of ha...
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作者：Hendel, Igal; Nevo, Aviv; Ortalo-Magne, Francois
作者单位：Northwestern University; National Bureau of Economic Research; University of Wisconsin System; University of Wisconsin Madison; University of Wisconsin System; University of Wisconsin Madison; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：We compare house sales on a For-Sale-By-Owner (FSBO) platform to Multiple Listing Service (MLS) sales and find that FSBO precommission prices are no lower, but that FSBO is less effective in terms of time to sell and probability of a sale. We do not find direct evidence of the importance of network size as a reason for the lower effectiveness of FSBO. We do find evidence of endogenous platform differentiation: patient sellers use FSBO while patient buyers transact more often on the MLS (where ...
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作者：Levinson, Arik
作者单位：Georgetown University; National Bureau of Economic Research
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作者：Landeo, Claudia M.; Spier, Kathryn E.
作者单位：University of Alberta; Northwestern University; Harvard University
摘要：This paper reports the results of all experiment on exclusive contracts. We replicate the strategic environment described by Rasmusen, Ramseyer, and Wiley (1991) and Segal and Whinston (2000). Our findings are as follows. First, when the buyers can communicate, discrimination raises the likelihood of exclusion. Second, when the incumbent seller is unable to discriminate and must make the same offers to the buyers, communication reduces the likelihood of exclusion. Communication also induces mo...
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作者：Matsusaka, John G.
作者单位：University of Southern California
