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Loss Leader or Value Creator? Deconstructing Amazon Prime
I am an Amazon Prime member and have been one for a long time, and I am completely hooked. Not only do I (and my family) use Amazon Prime for items ranging from tissue paper to big screen televisions,...
View ArticleVertical Integration, Supplier Behavior, and Quality Upgrading among...
We study the relationship between exporters' organizational structure and output quality. If only input quantity is observable, theory predicts that vertical integration may be necessary to incentivize...
View ArticleWere Nineteenth-Century Industrial Workers Permanent Income Savers? -- by...
Theories of household saving posit that households add to or draw down wealth to equalize the discounted presented value of consumption over time. This paper examines the extent to which...
View ArticleThe Labor Market Effects of Offshoring by U.S. Multinational Firms: Evidence...
Estimating the causal effect of offshoring on domestic employment is difficult because of the inherent simultaneity of multinational firms' domestic and foreign affiliate employment decisions. In this...
View ArticleThe Perils of Voter Mobilization -- by Benjamin Marx, Vincent Pons, Tavneet Suri
Voter mobilization campaigns face trade-offs in young democracies. In a large-scale experiment implemented in 2013 with the Kenyan Electoral Commission (IEBC), text messages intended to mobilize voters...
View ArticleThe Ostrich in Us: Selective Attention to Financial Accounts, Income,...
A number of theoretical research papers in micro as well as macroeconomics model and analyze attention but direct empirical evidence remains scarce. This paper investigates the determinants of...
View ArticleDemocracy by mistake -- by Daniel Treisman
How does democracy emerge from authoritarian rule? Influential theories contend that incumbents deliberately choose to share or surrender power. They do so to prevent revolution, motivate citizens to...
View ArticleGlobal Evidence on Economic Preferences -- by Armin Falk, Anke Becker, Thomas...
This paper studies the global variation in economic preferences. For this purpose, we present the Global Preference Survey (GPS), an experimentally validated survey dataset of time preference, risk...
View ArticleFiscal Rules, Bailouts, and Reputation in Federal Governments -- by...
Expectations of bailouts by central governments incentivize overborrowing by local governments. In this paper, we ask if fiscal rules can correct these incentives to overborrow when central governments...
View ArticleCommissioner Behnam Statement on De Minimis Threshold
Commissioner Behnam Statement on De Minimis Threshold
View ArticleCommissioner Quintenz Statement on De Minimis Threshold
Commissioner Quintenz Statement on De Minimis Threshold
View ArticleWeekly Top 5 Papers – October 23rd, 2017
1. Availability Cascades and Risk Regulation by Timur Kuran (Duke University – Department of Economics) and Cass R. Sunstein (Harvard Law School)read more...
View ArticleGrasping asymmetric information in market impacts. (arXiv:1710.07959v1...
We measure the price impacts across a correlated financial market by the responses to single and multiple trades. Focusing on the primary responses, we use an event time scale. We quantify the...
View ArticleElectricity Market Theory Based on Continuous Time Commodity Model....
The recent research report of U.S. Department of Energy prompts us to re-examine the pricing theories applied in electricity market design. The theory of spot pricing is the basis of electricity market...
View ArticleComputational Methods for Martingale Optimal Transport problems....
We establish numerical methods for solving the martingale optimal transport problem (MOT) - a version of the classical optimal transport with an additional martingale constraint on transport's...
View ArticleOn the quadratic variation of the model-free price paths with jumps....
We prove that the model-free typical (in the sense of Vovk) c\`adl\`ag price paths with mildly restricted downward jumps possess quadratic variation which does not depend on the specific sequence of...
View ArticleThink Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs
In looking for answers, one obvious place to start would be to talk to self-made men and women who themselves are successful. That's exactly what Michael W. Sonnenfeldt—an accomplished entrepreneur—has...
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Short-Term Rational, but Intermediate-Term Irrational
Don’t look at the left side of the chart on an empty stomachread more...
View ArticleMPs ask Facebook for any evidence of Russian-linked Brexit activity
MPs ask Facebook for any evidence of Russian-linked #Brexit activity https://t.co/rAyKibzcCi â moneyscience (@moneyscience) October 24, 2017
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