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Why are certain movies more successful in some markets than others? Are the entertainment products we consume reflective of our core values and beliefs? These questions drive our investigation into the relationship between a society's oral tradition and the financial success of films. We combine...
Persistent link: https://www.econbiz.de/10014512074
We propose and initiate the study of privacy elasticity--the responsiveness of economic variables to small changes in the level of privacy given to participants in an economic system. Individuals rarely experience either full privacy or a complete lack of privacy; we propose to use differential...
Persistent link: https://www.econbiz.de/10013334433
The Tiebout hypothesis, which states that individuals will costlessly sort themselves across local communities according to their public good preferences, is the workhorse of the local public finance literature. This paper develops a test of the Tiebout hypothesis using historical variation in...
Persistent link: https://www.econbiz.de/10012470790
the deviations from relative PPP. If the expected discounted cost of last minute delivery is higher than pre-buying, one … them from the adverse purchasing power consequences of weak terms of trade. Higher financing costs increase the cost of pre …
Persistent link: https://www.econbiz.de/10012470823
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child … development. Taking the estimated cost-quality and revenue-quality relationships as given, we then estimate the objective … functions of the firms and compute the supply function for quality. The results indicate that (1) the estimated cost function is …
Persistent link: https://www.econbiz.de/10012471564
This paper presents new evidence on the costs of purchasing private annuity contracts to spread a given stock of assets over an uncertain future lifetime. It also describes the operation of individual annuity arrangements within two large group retirement saving plans. First presents information...
Persistent link: https://www.econbiz.de/10012471893
We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's...
Persistent link: https://www.econbiz.de/10012472445
This paper investigates the characteristics of litigated patents by combining for the first" time information about patent case filings from the U.S. district courts and detailed data from the" U.S. Patent and Trademark Office. We construct a series of indicators for the factors which the"...
Persistent link: https://www.econbiz.de/10012472516
In this article, we estimate the costs of hiring, separation, and retirement of employees for a representative sample of French establishments in 1992. The estimates are computed using data from three sources: the Wage Structure Survey (ESS), the Workforce Movement Questionnaire (DMMO), and the...
Persistent link: https://www.econbiz.de/10012472704
a `monopoly umbrella' to other non-hub airlines. Finally, on the cost side there is evidence of economies of density … (and therefore cost economies of hubbing) on longer routes. Consistent with the `Southwest Airlines' effect, there is no …
Persistent link: https://www.econbiz.de/10012473287