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作者：Aridor, Guy; Che, Yeon-Koo; Salz, Tobias
作者单位：Northwestern University; Columbia University; Massachusetts Institute of Technology (MIT)
摘要：Utilizing a novel dataset from an online travel intermediary, we study the effects of the EU's General Data Protection Regulation (GDPR). The opt-in requirement of GDPR resulted in a 12.5% drop in the intermediary-observed consumers, but the remaining consumers are trackable for a longer period of time. Our findings imply that privacy-conscious consumers exert privacy externalities on opt-in consumers, making them more predictable. Consistent with this finding, the average value of the remaini...
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作者：Smolin, Alex
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：A monopolist sells an object characterized by multiple attributes. A buyer can be one of many types, differing in their willingness to pay for each attribute. The seller can provide arbitrary attribute information in the form of a statistical experiment. To screen different types, the seller offers a menu of options that specify information prices, experiments, and object prices.I characterize revenue-maximizing menus. All experiments belong to a class of linear disclosure rules. An optimal me...
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作者：Fershtman, Daniel; Szabadi, Bela; Wasser, Cedric
作者单位：Tel Aviv University; Charles River Associates; University of Basel
摘要：We study efficient resolution of partnership disputes in which, departing from the partnership dissolution literature, dissolution need not be efficient. We characterize which disputes can be resolved efficiently under both one- and two-sided private information, and show that unless a partnership is sufficiently ineffective, efficient resolution is impossible. We propose simple dispute-resolution procedures implementing the efficient outcome whenever possible. Finally, we characterize second-...
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作者：Tsai, Hsin-Tien
作者单位：National University of Singapore
摘要：This research studies the effects of mortgage subsidies and asymmetric information in the US mortgage market. I exploit discontinuities in interest rates generated by pricing rules and find patterns consistent with advantageous selection. I estimate an industry model that highlights the relationship between mortgage subsidies, intermediary lenders' incentives, and borrowers' advantageous selection. The model shows that mortgage subsidies enable advantageous selection, creating a deadweight los...
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作者：Hagiu, Andrei; Wright, Julian
作者单位：Boston University; National University of Singapore
摘要：We model dynamic competition between firms which improve their products through learning from customer data, either by pooling different customers' data (across-user learning) or by learning from repeated usage of the same customers (within-user learning). We show how a firm's competitive advantage is affected by the shape of firms' learning functions, asymmetries between their learning functions, the extent of data accumulation, and customer beliefs. We also explore how public policies toward...
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作者：Ho, Kate; Lee, Robin S.
作者单位：Princeton University; Harvard University
摘要：We provide a framework for large employers designing a menu of health plan offerings that differ on both financial and nonfinancial dimensions. Using administrative data from Harvard University, we estimate a model of plan choice and utilization, and evaluate the benefits of cost sharing and plan variety. For this population of consumers, and a single plan with a generous out-of-pocket maximum and zero deductible, modest cost sharing of approximately 30% maximizes average employee surplus. Gai...
