IO: Empirical Studies of Firms & Markets eJournal最新文献_第10页

Do Private Equity Firms Reduce Product Commercialization? 私募股权公司是否减少了产品商业化?

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-11-18 DOI: 10.2139/ssrn.3490280

Moazzam Khoja

引用次数: 0

Spatial Competition in the Airline Industry 航空业的空间竞争

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-11-16 DOI: 10.2139/ssrn.3465104

Dennis McWeeny

{"title":"Spatial Competition in the Airline Industry","authors":"Dennis McWeeny","doi":"10.2139/ssrn.3465104","DOIUrl":"https://doi.org/10.2139/ssrn.3465104","url":null,"abstract":"Airline passengers consider flights departing from airports in different cities to be substitutes and sometimes travel large distances to board a flight with lower fares. While this “airport leakage” phenomenon is a major concern for airport administrators, the industrial organization literature has assumed that flights departing from airports in different cities are in totally separate markets. This assumption rules out these substitution patterns altogether and could yield biased estimates of elasticities and markups. Using an airline passenger survey conducted annually at San Francisco International Airport, I estimate a structural model of air travel demand that allows consumers to choose among flights departing from airports in different cities. I then compare the results from my model to those from the conventional model that defines markets as origin-destination airport pairs. I find that leisure passengers are willing to travel up to 69 miles to save $100 on airfare. As a result, demand is 74 percent more elastic and markups are 41 percent lower when spatial competition is accounted for. These results suggest that airlines face substantial competition from flights departing from nearby airports and that the origin-destination airport pair definition of airline markets overstates market power.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117283585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Lights Off, Lights On: The Effects of Electricity Shortages on Small Firms 关灯，亮灯:电力短缺对小企业的影响

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-11-09 DOI: 10.1093/wber/lhz028

Morgan Hardy, J. Mccasland

引用次数: 25

Does Intergenerational Mobility Increase Corporate Profits? 代际流动性会增加企业利润吗?

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-11-01 DOI: 10.17016/FEDS.2019.081

James F. Albertus, Michael Smolyansky

{"title":"Does Intergenerational Mobility Increase Corporate Profits?","authors":"James F. Albertus, Michael Smolyansky","doi":"10.17016/FEDS.2019.081","DOIUrl":"https://doi.org/10.17016/FEDS.2019.081","url":null,"abstract":"We find that firms located in areas with higher intergenerational mobility are more profitable. Building off the work of Chetty and Hendren (2018a and 2018b)?who provide measures of intergenerational mobility for all commuting zones (essentially, metropolitan areas) within the U.S.?we are the first to show the positive association between intergenerational mobility and corporate profitability. Our regressions compare firms in the same industry at the same point in time and fully control for time-varying state-level shocks. As such, our findings cannot be explained by either differences in industry composition across localities or by variation in state-level economic conditions; nor can our results be explained by differences in firm characteristics or by local economic conditions. Rather, we argue that our findings are best explained by intergenerational mobility influencing human capital formation. Areas with higher mobility do a better job in unlocking their residents? innate talents, which in turn is associated with improved performance by locally headquartered firms. In essence, our results uncover a positive link between greater equality of opportunity and increased corporate profitability.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114198866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Rent Control, Market Segmentation, and Misallocation: Causal Evidence from a Large-Scale Policy Intervention 租金管制、市场分割与错配:来自大规模政策干预的因果证据

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-11-01 DOI: 10.2139/ssrn.3494242

Andreas Mense, C. Michelsen, K. Kholodilin

{"title":"Rent Control, Market Segmentation, and Misallocation: Causal Evidence from a Large-Scale Policy Intervention","authors":"Andreas Mense, C. Michelsen, K. Kholodilin","doi":"10.2139/ssrn.3494242","DOIUrl":"https://doi.org/10.2139/ssrn.3494242","url":null,"abstract":"This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism empirically. To identify the effect we rely on temporal variation in treatment dates, combined with a difference-in-differences setup and a discontinuity-intime design. By taking a short-run perspective, we are able to isolate the misallocation mechanism from other types of spillovers. We find a robust positive effect on free-market rents in response to the introduction of rent control. Further, we document that rent control reduced the propensity to move house within rent controlled areas, but only among highincome households. Interpreted through the lens of our theoretical model, this spillover is a clear sign of misallocation. Further, we document that the spillover brings forward demolitions of old, ramshackle buildings.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123391983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

Information Disclosure and Drug Development: Evidence from Mandatory Reporting of Clinical Trials 信息披露与药物开发:来自临床试验强制报告的证据

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-10-14 DOI: 10.2139/ssrn.3459511

Po-Hsuan Hsu, Kyungran Lee, S. K. Moon, Seungjoon Oh

引用次数: 2

Decentralized Autonomous Organizations and Network Design in AEC: A Conceptual Framework AEC中的分散自治组织与网络设计:一个概念框架

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-10-09 DOI: 10.2139/ssrn.3576474

Marijana Sreckovic, Josef Windsperger

{"title":"Decentralized Autonomous Organizations and Network Design in AEC: A Conceptual Framework","authors":"Marijana Sreckovic, Josef Windsperger","doi":"10.2139/ssrn.3576474","DOIUrl":"https://doi.org/10.2139/ssrn.3576474","url":null,"abstract":"Digital technologies are revolutionizing collaboration and value co-creation across traditional industry boundaries and thus generating the need for adaptive and innovative business models, new and flexible network forms as well as new digital processes and capabilities. Digital technologies are also changing the innovation logic of an organization. In recent years, digital tools and platforms have emerged as facilitators of innovation and collaboration, enabling loosely coupled networks of firms to merge knowledge and capabilities for the creation of competitive advantage. Exploring inter-dependencies between organizational structures, technology architecture and the coupling between system components, which would enable better collaborative processes, is currently one of the emerging research questions in the digital economy. In that context, the implementation of block-chain technology calls for a transformation of business models, roles, processes and workflows. It requires a new kind of governance and organization, which diverges from the common management processes present today. To address this gap this paper proposes an integrative conceptual framework for a block-chain-based organization and the resulting decentralized autonomous organizations (DAOs). Due to the complexity of value chains in the Architecture, Engineering and Construction (AEC) industry and the traditionally slow implementation of innovation, the primary aim of our research is to show block-chain-applicability in a general organizational context in this first step. Hence, enabling a better understanding for practitioners and researchers how building blocks of common organizational design need to be re-conceptualized for the implementation of block-chain technologies in AEC, as use cases, practical demonstrations and standards are still missing.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130936945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 12

Unboxing the Causal Effect of Ratings on Product Demand: Evidence from Wayfair.Com 打开评级对产品需求的因果效应:来自Wayfair.Com的证据

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-10-02 DOI: 10.2139/ssrn.3463492

E. Magnusson

引用次数: 1

Stay or Go? Relocation Decisions of German Manufacturing Plants 留还是走?德国制造工厂的搬迁决策

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-10-01 DOI: 10.2139/ssrn.3478813

Astrid Krenz

引用次数: 2

The Value of Information in Technology Adoption 信息在技术采用中的价值

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2019-10-01 DOI: 10.2139/ssrn.3468620

A. Islam, Philip Ushchev, Y. Zenou, Xin Zhang

引用次数: 1