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Who Benefits From The Export-Import Bank Aid?

Benmelech, Efraim; Monteiro, Joao - National Bureau of Economic Research - 2023

We study the effectiveness of government aid to exporters by exploring an exogenous shock that affected the ability of the Export-Import Bank of the United States (EXIM) to provide aid to U.S. exporters through loan guarantees to importers. We focus on Boeing, the largest individual recipient of...

Persistent link: https://www.econbiz.de/10014337795

Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...

Persistent link: https://www.econbiz.de/10013362001

Trade-ins and Transaction Costs in the Market for Used Business Jets

Hodgson, Charles - National Bureau of Economic Research - 2022

Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. In this paper, I investigate the equilibrium...

Persistent link: https://www.econbiz.de/10013388853

Network Competition in the Airline Industry : An Empirical Framework

Yuan, Zhe; Barwick, Panle Jia - National Bureau of Economic Research - 2024

The Hub-and-Spoke network is a defining feature of the airline industry. This paper is among the first in the literature to introduce an empirical framework for analyzing network competition among airlines. Airlines make market entry decisions and choose flight frequencies in the first stage,...

Persistent link: https://www.econbiz.de/10015056219

An Economic View of Corporate Social Impact

Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023

The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...

Persistent link: https://www.econbiz.de/10014421228

Input Price Dispersion Across Buyers and Misallocation

Burstein, Ariel T.; Cravino, Javier; Rojas, Marco - National Bureau of Economic Research - 2024

We leverage a comprehensive dataset of electronic invoices from Chilean firms to document new facts on price dispersion across buyers of manufactured intermediate goods. Over half of firm-to-firm manufacturing sales are accounted for by products that are purchased by more than one buyer in the...

Persistent link: https://www.econbiz.de/10015145079

Why Has Construction Productivity Stagnated? The Role of Land-Use Regulation

D'Amico, Leonardo; Glaeser, Edward L.; Gyourko, Joseph E.; … - National Bureau of Economic Research - 2024

consequence of restrictive project regulation, while classic regulatory barriers to entry increase firm size. The model is … coincides with increases in our best proxies for land-use regulation. The size of development projects is small today and has … smaller builders are less productive. Areas with stricter land use regulation have particularly small and unproductive …

Persistent link: https://www.econbiz.de/10015145139

Estimating Gross Output Production Functions

Trunschke, Markus; Judd, Kenneth L. - National Bureau of Economic Research - 2024

This paper develops a novel method to estimate production functions. Earlier papers rely on special assumptions about the functional form of production functions. Our approach efficiently estimates all parameters of any production functions with Hicks-neutral productivity without additional...

Persistent link: https://www.econbiz.de/10015145156

Committing to Grow : Privatizations and Firm Dynamics in East Germany

Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - National Bureau of Economic Research - 2023

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we...

Persistent link: https://www.econbiz.de/10014337877

Robots and Crime

Liang, Yang; Sabia, Joseph J.; Dave, Dhaval - National Bureau of Economic Research - 2025

Leveraging county-level variation in exposure to industry-specific foreign-based robotics shocks, this study is the first to explore the relationship between U.S. robotics expansions and crime. Instrumental variables estimates show that a 10 percent increase in robotics exposure led to a 0.2 to...

Persistent link: https://www.econbiz.de/10015361479