Results 211 to 220 of about 7,049,980 (289)

Output Quality, Productivity, and Demand: Evidence from the Chinese Steel Industry

open access: yesThe RAND Journal of Economics, EarlyView.
ABSTRACT Unobserved objective output quality complicates the analysis of firm productivity and demand because higher‐quality products entail higher costs but offer greater consumption benefits. Using a panel of firms with output quality data, we decompose quantity‐based productivity into fundamental productivity and the costs of quality, and separate ...
Jing Li, Shengyu Li, Hongsong Zhang
wiley   +1 more source

The Incidence of Coarse Certification: Evidence From the ENERGY STAR Program

open access: yesThe RAND Journal of Economics, EarlyView.
ABSTRACT A coarse certification provides simple but incomplete information. Its rationale is to help consumers trade off dimensions of quality that are complex and lack salience. In imperfectly competitive markets, it may induce excess bunching at the certification requirement, crowd out quality, and facilitate price discrimination. Who will ultimately
Sébastien Houde
wiley   +1 more source

Mitigating policy uncertainty: What financial markets reveal about firm‐level lobbying

open access: yesAmerican Journal of Political Science, EarlyView.
Abstract Elections can lead to substantial policy changes and, thus, are a significant source of risk. Firms can respond to such policy uncertainty by lobbying, but it is hard to quantify whether they do so and, if so, how much lobbying benefits them. We construct a new dataset and leverage investors’ expectations of variability in stock returns in the
Kristy Buzard   +2 more
wiley   +1 more source

What exploitation is

open access: yesAmerican Journal of Political Science, EarlyView.
Abstract We experimentally elicit views of what exploitation is from over 2,000 subjects. Our experimental design does not test existing theories of exploitation. Rather, it focuses on more fundamental properties that are the building blocks for these theories.
Benjamin Ferguson   +3 more
wiley   +1 more source

A Bayes factor framework for unified parameter estimation and hypothesis testing

open access: yesBritish Journal of Mathematical and Statistical Psychology, EarlyView.
Abstract The Bayes factor, the data‐based updating factor of the prior to posterior odds of two hypotheses, is a natural measure of statistical evidence for one hypothesis over the other. We show how Bayes factors can also be used for parameter estimation.
Samuel Pawel
wiley   +1 more source

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