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Randomized experiments (REs) are viewed as the "gold standard" for the treatment evaluation, but many REs are plagued by attrition or non-compliance, even among subjects receiving the more effective treatment. This paper constructs an economic model of decision-making in which individuals make...
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This paper develops and estimates a dynamic structural model of demand for a multi-attribute product. The demand side equilibrium supports a product spectrum, the characteristics of which evolve over time in response to supply innovations induced by the composition and extent of aggregate...
Persistent link: https://www.econbiz.de/10012919858
Teams have become a mainstay for the organization of work. Economic models of teams focus on productivity declines due to free-riding and on mechanisms to avoid it. Unfortunately, few empirical studies have systematically examined the impact of teams on output. Furthermore, the literature does...
Persistent link: https://www.econbiz.de/10014035045
This paper identifies and evaluates rationales for team participation and for the effects of team composition on productivity using novel data from a garment plant that shifted from individual piece rate to group piece rate production over three years. The adoption of teams at the plant improved...
Persistent link: https://www.econbiz.de/10014031026
A strategy used by firms in industries such as wireless is to bundle several services into a service plan and administer a nonlinear price with different marginal prices for different usage levels. Moreover firms offer a menu of service plans targeting different consumer segments to implement...
Persistent link: https://www.econbiz.de/10014047577
In this article, the authors offer a methodology to decompose the effects of price promotions into brand switching, stockpiling, and change in consumption by explicitly allowing for consumer heterogeneity in brand preferences and consumption needs. They develop a dynamic structural model of a...
Persistent link: https://www.econbiz.de/10014026999