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The Human Perils of Scaling Smart Technologies : Evidence from Field Experiments

Brandon, Alec; Clapp, Christopher M.; List, John A.; … - National Bureau of Economic Research - 2022

Smart-home technologies have been heralded as an important way to increase energy conservation. While in vitro engineering estimates provide broad optimism, little has been done to explore whether such estimates scale beyond the lab. We estimate the causal impact of smart thermostats on energy...

Persistent link: https://www.econbiz.de/10013388838

Imagining the Future : Memory, Simulation and Beliefs about Covid

Bordalo, Pedro; Burro, Giovanni; Coffman, Katherine B.; … - National Bureau of Economic Research - 2022

How do people form beliefs about novel risks, with which they have little or no experience? A 2020 US survey of beliefs about the lethality of Covid reveals that the elderly underestimate, and the young overestimate, their own risks, and that people with more health adversities are more...

Persistent link: https://www.econbiz.de/10013362007

Ending Pay for PBM Performance : Consequences for Prescription Drug Prices, Utilization, and Government Spending

Mulligan, Casey B. - National Bureau of Economic Research - 2023

Proposed "delinking" legislation would prohibit Pharmacy Benefit Managers (PBMs) from being remunerated based on the rebates and discounts they negotiate for drug insurance plans serving Medicare beneficiaries. This policy would significantly change drug pricing and utilization and shift...

Persistent link: https://www.econbiz.de/10014372424

Bound by Ancestors : Immigration, Credit Frictions, and Global Supply Chain Formation

Choi, Jaerim; Hyun, Jay; Park, Ziho - National Bureau of Economic Research - 2023

This paper shows that the ancestry composition shaped by century-long immigration to the US can explain the current structure of global supply chain networks. Using an instrumental variable strategy, combined with a novel dataset that links firm-to-firm global supply chain information with a US...

Persistent link: https://www.econbiz.de/10014250174

Restrict the Middleman? : Quantitative Models of PBM Regulations and Their Consequences

Mulligan, Casey B. - National Bureau of Economic Research - 2023

This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price-theoretic models allow for various market frictions and imperfections including market power, coordination costs, tax distortions, and incomplete innovation incentives. A rigorous...

Persistent link: https://www.econbiz.de/10014247918

The Value of Pharmacy Benefit Management

Mulligan, Casey B. - National Bureau of Economic Research - 2022

In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and patient utilization if the market had a mechanism for two-part pricing (Oi 1971) or quantity commitments (Murphy, Snyder, and Topel 2014). In fact, patent expiration has little...

Persistent link: https://www.econbiz.de/10013334448

Negotiations of Oil and Gas Auxiliary Lease Clauses : Evidence from Pennsylvania's Marcellus Shale

Harleman, Max; Manohar, Pramod; Hill, Elaine L. - National Bureau of Economic Research - 2022

Oil and gas lease negotiations provide mineral owners the opportunity to negotiate for both compensation and auxiliary clauses that may protect their health and properties. We use optical character recognition to assemble a novel dataset of compensation and specific clauses in nearly 60,000...

Persistent link: https://www.econbiz.de/10013477298

The Evolution of Work from Home

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - National Bureau of Economic Research - 2023

Full days worked at home account for 28 percent of paid workdays among Americans 20-64 years old, as of mid 2023, according to the Survey of Working Arrangements and Attitudes. That's about four times the 2019 rate and ten times the rate in the mid-1990s that we estimate in time-use data. We...

Persistent link: https://www.econbiz.de/10014372443

Screening with Multitasking

Dinerstein, Michael; Opper, Isaac M. - National Bureau of Economic Research - 2022

What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...

Persistent link: https://www.econbiz.de/10013334527

Foreign Ownership and Wages in the United States, 1987 - 1992

Feliciano, Zadia - 1999

Foreign-owned establishments in the United States pay higher wages, on average, than domestically-owned establishments … wages in favor of foreign establishments remains even when these other determinants of wages are taken into account. Within … manufacturing, the extent of foreign ownership in an industry in a state had no impact on wages in 1987 when these other factors …

Persistent link: https://www.econbiz.de/10012471884