We experimentally investigate a classic question, whether competition stimulates information revelation, by comparing two Bayesian persuasion models. One model has one sender (Kamenica and Gentzkow, 2011) and the other has two competing senders who reveal information sequentially and publicly...

We analyze the welfare effects of price discrimination by a monopolistic platform that mediates between two sides of a market. Discrimination is based on asymmetric costs on one side of the market and may be allowed on either or both sides. We show that unconstrained discrimination on both sides...

The entry of High-Speed Railways (HSR) represents a disruptive competition to air-lines, particularly for short- to medium-distance journeys. Utilizing a unique dataset that contains the details of all flights departing from Beijing to 113 domestic destinations in China since January 2009, we...

Gong et al. (2021) made additional challenges to our original paper (Chen et al., 2020A) after we made a detailed reply in Chen et al. (2021) to Gong et al. (2020). In this further reply, we use data-based evidence to demonstrate how Gong et al. (2021) misread or/and misinterpreted our paper and...

China introduced its stringent family planning policies from the early 1970s, known as the “Later, Longer, Fewer" policies, and followed it with the One-Child Policy from 1979. The number of children born to Chinese parents significantly decreased from 5.7 in late 1960s to 2.5 in 1988. In Chen...

Consumers who intend to buy a product may forget to do so. Therefore, they may value being reminded by an advertisement. This phenomenon could be important in many markets, but is usually difficult to document. We study it in the context of buying a product that has existed for almost 300 years:...

This paper provides empirical evidence on the labor market effects of public health insurance using evidence from China. In 2007, China launched a national public health insurance program, Urban Resident Basic Medical Insurance (URBMI), targeting residents in urban areas who were not insured by...

Decentralized blockchain-based transactions benefit users through their openness, transparency, and immutability, which may come at the expense of privacy concerns. This paper shows that if there is a dilemma between decentralization and privacy protection, such that a more decentralized system...

This paper introduces a new approach to forecast pooling methods based on a nonparametric prior for the weight vector combining predictive densities. The first approach places a Dirichlet process prior on the weight vector and generalizes the static linear pool. The second approach uses a...