Showing 1 - 10 of 7,131
Persistent link: https://www.econbiz.de/10000663281
Generic pharmaceuticals provide low-cost access to treatment. Despite their chemical equivalence to branded products, many mechanisms may hinder generic substitution. Consumers may be unaware of their equivalence. Firms may influence consumers through advertising or product line extensions. We...
Persistent link: https://www.econbiz.de/10012455020
We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by...
Persistent link: https://www.econbiz.de/10012455314
Using a large administrate dataset covering the universe of phone calls and airtime transfers in a country over a four year period, we examine the pattern of adoption of airtime transfers over time. We start by documenting strong network effects: increased usage of the new airtime transfer...
Persistent link: https://www.econbiz.de/10012456393
We develop a theory of career paths and earnings in an economy in which agents organize in production hierarchies … of the theory with U.S. census data for the period 1990 to 2010. The model matches well the Lorenz curve of earnings as …
Persistent link: https://www.econbiz.de/10012456524
We present a latent variable model of dividends that predicts, out-of-sample, 39.5% to 41.3% of the variation in annual dividend growth rates between 1975 and 2016. Further, when learning about dividend dynamics is incorporated into a long-run risks model, the model predicts, out-of-sample,...
Persistent link: https://www.econbiz.de/10012457112
Popularity is self reinforcing. The attention garnered by popular options propels further interest in them. Yet rather than blindly follow the crowd, most pay attention to how well these items match their tastes. We model this role of social learning in guiding selective attention and market...
Persistent link: https://www.econbiz.de/10012457666
In an urbanizing world economy featuring thousands of cities, households and firms have strong incentives to make locational investments and self protection choices to reduce their exposure to new climate change induced risks. This pursuit of self interest reduces the costs imposed by climate...
Persistent link: https://www.econbiz.de/10012457950
Low adoption of agricultural technologies holds large productivity consequences for developing countries. Agricultural extension services counter information failures by deploying external agents to communicate with farmers. However, social networks are recognized as the most credible source of...
Persistent link: https://www.econbiz.de/10012458525
The search-and-matching model of the labor market fails to match two important business cycle facts: (i) a high volatility of unemployment relative to labor productivity, and (ii) a mild correlation between these two variables. We address these shortcomings by focusing on technological...
Persistent link: https://www.econbiz.de/10012458896