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作者：Kim, Jun B.; Albuquerque, Paulo; Bronnenberg, Bart J.
作者单位：Hong Kong University of Science & Technology; INSEAD Business School; Tilburg University; Centre for Economic Policy Research - UK
摘要：We develop a probit choice model under optimal sequential search and apply it to the study of aggregate demand of consumer durable goods. In our joint model of search and choice, we derive an expression for the probability of choice that obeys the full set of restrictions imposed by optimal sequential search. Estimation of our partially analytic model avoids the computation of high-dimensional integrations in the evaluation of choice probabilities, which is of particular benefit when search se...
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作者：Zhou, Yiyi
作者单位：State University of New York (SUNY) System; Stony Brook University; State University of New York (SUNY) System; Stony Brook University
摘要：This paper develops and estimates a structural model of two-sided markets with durable platform intermediaries and affiliated products. It models buyers' purchase decisions of platforms and affiliated products and sellers' decisions of price setting and entry, accounting for the dynamic interaction between the two distinct groups of platform participants. To estimate the proposed model, this paper develops a Bayesian Markov chain Monte Carlo estimation approach that incorporates nonparametric ...
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作者：Haliassos, Michael; Jansson, Thomas; Karabulut, Yigitcan
作者单位：Goethe University Frankfurt; Goethe University Frankfurt; Sveriges Riksbank; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：The recent influx of migrants and refugees into Europe and elsewhere raises questions as to whether migrant behavior reflects cultural predispositions and whether assimilation through exposure to host institutions can be expected. The paper focuses on financial behavior and uses high-quality administrative data on migrants and refugees to Sweden. It uncovers differences across cultural groups in how behavior relates to household characteristics, and shows that differences diminish with exposur...
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作者：Crapis, Davide; Ifrach, Bar; Maglaras, Costis; Scarsini, Marco
作者单位：Airbnb; Columbia University; Luiss Guido Carli University
摘要：Amonopolist offers a product to a market of consumers with heterogeneous quality preferences. Although initially uninformed about the product quality, they learn by observing past purchase decisions and reviews of other consumers. Our goal is to analyze the social learning mechanism and its effect on the seller's pricing decision. Consumers follow an intuitive, non-Bayesian decision rule. Under conditions that we identify, we show that consumers eventually learn the product's quality. We show ...
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作者：DeFond, Mark; Erkens, David H.; Zhang, Jieying
作者单位：University of Southern California; University of Southern California; University of Texas System; University of Texas Dallas
摘要：This discussion presents the comments by the authors of Lawrence et al. [Lawrence A, Minutti-Meza M, Zhang P (2011) Can Big 4 versus non-Big 4 differences in audit-quality proxies be attributed to client characteristics? Accounting Rev. 86(1): 259-286] to the critique of their study in DeFond et al. [DeFond M, Erkens DH, Zhang J (2017) Do client characteristics really drive the Big N audit quality effect? New evidence from propensity score matching. Management Sci. 63(11):3628-3649] and respon...
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作者：Batt, Robert J.; Terwiesch, Christian
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Pennsylvania; University of Pennsylvania
摘要：We study a multistage service process that adapts to system occupancy level. Using operational data from more than 140,000 patient visits to a hospital emergency department, we show that the system-level performance of the emergency department is an aggregation of several simultaneous server-level workload response mechanisms. We identify early task initiation as a between-stage adaptive response mechanism that occurs when an upstream stage initiates tasks that are normally handled by a downst...
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作者：Blancom, Mariana; Dalton, Patricio S.; Vargas, Juan F.
作者单位：Universidad del Rosario; Tilburg University; Tilburg University
摘要：This paper studies the effects of unemployment benefit schemes on individual productivity. We created employment and unemployment in the field and compared workers' productivity under no unemployment benefits to productivity under two different unemployment schemes. In one scheme, the unemployed received an unconditional monetary transfer. In the other, the monetary transfer was obtained conditional on the unemployed spending some time on an ancillary activity. Our results challenge the standa...
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作者：Gans, Joshua
作者单位：University of Toronto
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作者：Buchheim, Lukas; Kolaska, Thomas
作者单位：University of Munich
摘要：The consequences of many economic decisions materialize only in the future. To make informed choices in such decision problems, consumers need to anticipate the likelihood of future states of the world, the state dependence of their preferences, and the choice alternatives that may become relevant. This complex task may expose consumers to psychological biases like extrapolative expectations, projection bias, or salience. We test whether customers are affected by such biases when they buy adva...
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作者：Corbett, Charles; Gaur, Vishal; Simchi-Levi, David; Taylor, Terry
作者单位：University of California System; University of California Los Angeles; Cornell University; Massachusetts Institute of Technology (MIT); University of California System; University of California Berkeley
