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作者：Gorodnichenko, Yuriy; Sheremirov, Viacheslav; Talavera, Oleksandr
作者单位：University of California System; University of California Berkeley; Federal Reserve System - USA; Federal Reserve Bank - Boston; Swansea University; National Bureau of Economic Research
摘要：Using a unique dataset of daily US and UK price listings and the associated number of clicks for precisely defined goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price adjustment. We document that although online prices change more frequently than offline prices, they nevertheless exhibit relatively long spel...
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作者：Boneva, Teodora; Rauh, Christopher
作者单位：University of London; University College London; Universite de Montreal
摘要：In this paper, we study parental beliefs about the returns to parental investments made during different periods of childhood. Using two independent samples, we document that parents perceive the returns to different late investments to be higher than the returns to early investments, and that they perceive investments in different time periods as substitutes rather than complements. We show that parental beliefs about the returns to investments vary substantially across the population and tha...
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作者：Berlingieri, Giuseppe; Breinlich, Holger; Dhingra, Swati
作者单位：ESSEC Business School; University of Surrey; University of London; London School Economics & Political Science
摘要：This paper estimates the consumer welfare impact of the new generation of trade agreements implemented by the European Union between 1993 and 2013. We decompose the overall effect into contributions of changes in prices, quality and variety. Estimating trade elasticities for narrow product categories of EU imports, we infer quality from data on imported values and volumes. For the EU as a whole, we find that trade agreements increased quality by 7% on average but did not affect prices or varie...
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作者：Larreguy, Horacio A.; Marshall, John; Snyder, James M., Jr.
作者单位：Harvard University; Columbia University
摘要：We examine how campaign advertising affects electoral support. We propose a simple model where advertising disproportionately benefits non-dominant political parties, because voters are uncertain about and biased against such parties. We test this argument in Mexico, where one of the three main parties dominates in many localities. To identify the effects of exposure to campaign advertising, we exploit differences across neighboring precincts in campaign ad distribution. These differences orig...
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作者：Galasso, Vincenzo; Profeta, Paola
作者单位：Bocconi University; Bocconi University; Center for Economic & Policy Research (CEPR); Leibniz Association; Ifo Institut
摘要：We study how family culture has affected the adoption and generosity of public pension systems. Our theoretical framework suggests that inheritance rules shape filial obligations to parents, and thus the within-family intergenerational transmission of resources. In countries with egalitarian inheritance rules, inheriting children represent a large share of the population, and support generous pension systems; in countries with nonegalitarian inheritance rules, a majority of noninheriting indiv...
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作者：Levine, David I.; Beltramo, Theresa; Blalock, Garrick; Cotterman, Carolyn; Simons, Andrew M.
作者单位：University of California System; University of California Berkeley; Cornell University; University of California System; University of California Berkeley; Fordham University
摘要：Many consumers do not adopt products with health and wellbeing benefits apparently far greater than their costs. A sales offer combining a free trial, time payments, and the option of returning the product can overcome barriers such as liquidity constraints and poor information about benefits and usability. We tested this sales offer (and alternatives) in an experiment with a fuel-efficient charcoal stove in urban Uganda and a fuel-efficient wood stove in rural Uganda. Consistent with the impo...
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作者：Gumpert, Anna
作者单位：University of Munich
摘要：This paper studies the organization of knowledge in multinational firms. In the theory, knowledge is a costly input for firms that they can acquire at their headquarters or their production plants. Communication costs impede the access of the plants to headquarter knowledge. The model shows that multinational firms systematically acquire more knowledge at both their foreign and domestic plants than non-multinationals if their foreign plants face higher communication costs with headquarters tha...
