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Leveraging Lotteries for School Value-Added : Testing and Estimation

Angrist, Joshua D.; Hull, Peter; Pathak, Parag A.; … - 2021

Conventional value-added models (VAMs) compare average test scores across schools after regression-adjusting for students’ demographic characteristics and previous scores. This paper tests for VAM bias using a procedure that asks whether VAM estimates accurately predict the achievement...

Persistent link: https://www.econbiz.de/10013224955

Exit, Tweets and Loyalty

Gans, Joshua - 2017

Hirschman's Exit, Voice, and Loyalty highlights the role of “voice” in disciplining firms for low quality. We develop a formal model of voice as a relational contact between firms and consumers and show that voice is more likely to emerge in concentrated markets. We test this model using...

Persistent link: https://www.econbiz.de/10012965424

Customer Capital

Gourio, François - 2011

Firms spend substantial resources on marketing and selling. Interpreting this as evidence of frictions in product markets, which require firms to spend resources on customer acquisition, this paper develops a search theoretic model of firm dynamics in frictional product markets. Introducing...

Persistent link: https://www.econbiz.de/10013122655

Steering in Online Markets : The Role of Platform Incentives and Credibility

Barach, Moshe; Golden, Joseph; Horton, John J. - 2022

Platform marketplaces can potentially steer buyers to certain sellers by recommending or guaranteeing those sellers. Money-back guarantees—which create a direct financial stake for the platform in seller performance—might be particularly effective at steering, as they align buyer and...

Persistent link: https://www.econbiz.de/10013323442

The Effects of High-Skilled Immigration Policy on Firms : Evidence from H-1b Visa Lotteries

Doran, Kirk - 2015

We study the effect of a firm winning an additional H-1B visa on the firm's outcomes, by comparing winning and losing firms in the Fiscal Year 2006 and 2007 H-1B visa lotteries. We match administrative data on the participants in these lotteries to the universe of approved U.S. patents, and to...

Persistent link: https://www.econbiz.de/10013031900

Salience Theory of Choice Under Risk

Bordalo, Pedro - 2015

We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined) salient payoffs. This leads the decision maker to a context-dependent representation of lotteries in which true probabilities are replaced by decision weights distorted in favor...

Persistent link: https://www.econbiz.de/10013038557

Charters Without Lotteries : Testing Takeovers in New Orleans and Boston

Abdulkadiroglu, Atila - 2014

Lottery estimates suggest oversubscribed urban charter schools boost student achievement markedly. But these estimates needn't capture treatment effects for students who haven't applied to charter schools or for students attending charters for which demand is weak. This paper reports estimates...

Persistent link: https://www.econbiz.de/10013039631

Cognitive Imprecision and Small-Stakes Risk Aversion

Khaw, Mel - 2018

Observed choices between risky lotteries are difficult to reconcile with expected utility maximization, both because subjects appear to be too risk averse with regard to small gambles for this to be explained by diminishing marginal utility of wealth, as stressed by Rabin (2000), and because...

Persistent link: https://www.econbiz.de/10012911706

The Demand for Lottery Products

Clotfelter, Charles T.; Cook, Philip J. - 2021

Lotteries constitute one of the fastest-growing categories of consumer expenditure in the United States. Not only have an increasing number of states legalized state lotteries, but the per capita expenditures on lotteries in lottery states have increased at an annual rate of 13 percent after...

Persistent link: https://www.econbiz.de/10013220949

State Lotteries and Consumer Behavior

Kearney, Melissa Schettini - 2021

lotteries primarily crowd out other forms of gambling, or do they crowd out non-gambling consumption? Second, does consumer … misinformed about the risks and returns of lottery gambles? Analyses of multiple sources of micro-level gambling data demonstrate … that lottery spending does not substitute for other forms of gambling. Household consumption data suggest that household …

Persistent link: https://www.econbiz.de/10013221279