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Cattle Cycles
Rosen, Sherwin - 1993
U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed … the demographic structure of the herd to respond cyclically to exogenous shocks in demand for beef and in production costs … evolution of cattle stock and beef consumption. These compare very closely to structural econometric time-series estimates over …
Persistent link: https://www.econbiz.de/10012474548
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Differences in How and Why Social Comparison and Real-Time Feedback Impact Resource Use : Evidence from a Field Experiment
Andor, Mark Andreas; Götte, Lorenz; Price, Michael Keith; … - National Bureau of Economic Research - 2023
We compare the behavior and welfare effects of two popular interventions for resource conservation. The first intervention is social comparison reports (SC), which primarily provide consumers with information motivating behavioral change. The second intervention is real-time feedback (RTF),...
Persistent link: https://www.econbiz.de/10014436976
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Incorporating Search and Sales Information in Demand Estimation
Hortaçsu, Ali; Natan, Olivia R.; Parsley, Hayden; … - National Bureau of Economic Research - 2021
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10012794558
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Public or Private Production of Food Safety : What Do U.S. Consumers Want?
Smith, V. Kerry - 2008
This paper reports estimates of consumers' preferences for plans to improve food safety. The plans are distinguished based on whether they address the ex ante risk of food borne illness or the ex post effects of the illness. They are also distinguished based on whether they focus on a public...
Persistent link: https://www.econbiz.de/10012464359
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Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
List, John A. - 2011
A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...
Persistent link: https://www.econbiz.de/10012461749
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Measuring Consumer Valuation of Limited Provider Networks
Ericson, Keith Marzilli - 2014
We measure provider coverage networks for plans on the Massachusetts health insurance exchange using a two measures: consumer surplus from a hospital demand system and the fraction of population hospital admissions that would be covered by the network. The two measures are highly correlated, and...
Persistent link: https://www.econbiz.de/10012457854
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Consumer Demand with Social Influences : Evidence from an E-Commerce Platform
Caoui, El Hadi; Farronato, Chiara; Horton, John J.; … - National Bureau of Economic Research - 2022
For some kinds of goods, rarity itself is valued. "Fashionable'" goods are demanded in part because they are unique. In this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform. We model endogenous entry and bidding in multi-unit...
Persistent link: https://www.econbiz.de/10013362005
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Risk Preferences Over Health : Empirical Estimates and Implications for Healthcare Decision-Making
Mulligan, Karen; Baid, Drishti; Doctor, Jason N.; … - National Bureau of Economic Research - 2023
Recent research has documented a link between consumer risk preferences over health and the willingness to pay (WTP) for medical technologies. However, the absence of empirical health risk preference estimates so far limits the implementation of this generalized risk-adjusted cost-effectiveness...
Persistent link: https://www.econbiz.de/10014337758
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Dynamic Equilibrium Economies : A Framework for Comparing Models and Data
Diebold, Francis X. - 1995
Many recent theoretical papers have come under attack for modeling prices as Geometric Brownian Motion. This process can diverge over time, implying that firms facing this price process can earn infinite profits. We explore the significance of this attack and contrast investment under Geometric...
Persistent link: https://www.econbiz.de/10012473890
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Poisoned Grapes, Mad Cow, and Protectionism
Engel, Eduardo - 1999
British beef exports did not constitute a protectionist measure, while the US ban on Chilean fruit possibly classifies as such …
Persistent link: https://www.econbiz.de/10012471848