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Import Competition, Heterogeneous Preferences of Managers, and Productivity
Chen, Cheng - 2019
may then force managers to improve the productivity of the firm in order to ensure survival. While this hypothesis has … competition shocks. We find that import competition leads to productivity increases in family-managed firms that are initially … unproductive. Productivity improvements are driven by family management as opposed to family ownership or non-managing family …
Persistent link: https://www.econbiz.de/10012479494
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The Macroeconomics of Subsistence Points
Ravn, Morten O. - 2004
This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple...
Persistent link: https://www.econbiz.de/10012467675
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Inequality, Nonhomothetic Preferences, and Trade : A Gravity Approach
Dalgin, Muhammed - 2004
In this paper, we show that inequality is an important determinant of import demand, in that it augments the standard gravity model in a significant way. We interpret this result with the aid of a model in which tastes are nonhomothetic. Classification of products, based on the correlation...
Persistent link: https://www.econbiz.de/10012467890
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Exotic Preferences for Macroeconomists
Backus, David - 2004
We provide a user's guide to exotic' preferences: nonlinear time aggregators, departures from expected utility, preferences over time with known and unknown probabilities, risk-sensitive and robust control, hyperbolic' discounting, and preferences over sets ( temptations'). We apply each to a...
Persistent link: https://www.econbiz.de/10012468096
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Preference Formation and the Rise of Women's Labor Force Participation : Evidence from WWII
Fernandez, Raquel - 2004
This paper presents intergenerational evidence in favor of the hypothesis that a significant factor explaining the increase in female labor force participation over time was the growing presence of men who grew up with a different family model--one in which their mother worked. We use...
Persistent link: https://www.econbiz.de/10012468104
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Consumption, Commitmants and Preferences for Risk
Postlewaite, Andrew - 2004
We examine an economy in which the cost of consuming some goods can be reduced by making commitments to consumption levels independent of the state. For example, it is cheaper to produce housing services via owner-occupied than rented housing, but the transactions costs associated with the...
Persistent link: https://www.econbiz.de/10012468166
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Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics : A Hedonic Approach
Benkard, C. Lanier - 2004
We study the identification and estimation of Gorman-Lancaster style hedonic models of demand for differentiated products for the case when one product characteristic is not observed. Our identification and estimation strategy is a two-step approach in the spirit of Rosen (1974). Relative to...
Persistent link: https://www.econbiz.de/10012468415
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An Experimental Study of Storable Votes
Casella, Alessandra - 2003
The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary decisions. Each member is allocated a fixed budget of votes to be cast as desired over the multiple decisions. Voters are induced to spend more votes on those decisions that...
Persistent link: https://www.econbiz.de/10012468715
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Neoclassical Theory Versus Prospect Theory : Evidence from the Marketplace
List, John A. - 2003
Neoclassical theory postulates that preferences between two goods are independent of the consumer's current entitlements. Several experimental studies have recently provided strong evidence that this basic independence assumption, which is used in most theoretical and applied economic models to...
Persistent link: https://www.econbiz.de/10012468962
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Omitted Product Attributes in Discrete Choice Models
Petrin, Amil - 2003
We describe two methods for correcting an omitted variables problem in discrete choice models: a fixed effects approach and a control function approach. The control function approach is easier to implement and applicable in situations for which the fixed effects approach is not. We apply both...
Persistent link: https://www.econbiz.de/10012469251