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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Local Competition, Multimarket Contact, And Product Quality: Evidence From Internet Service Provision, Kyle Wilson
Local Competition, Multimarket Contact, And Product Quality: Evidence From Internet Service Provision, Kyle Wilson
Pomona Faculty Publications and Research
I investigate the effect of competition on quality in the internet service provision industry: I examine both local competition within markets and multimarket contact among firms across markets. This industry offers an ideal setting, as quality is both objective and measurable. I use data from speedtest.net from 2008 to 2014 to estimate a reduced-form model of the effects of local competition and multimarket contact on realized consumer download speeds. I find that increased multimarket contact leads to decreased download speeds, which is consistent with the mutual forbearance hypothesis. I also find that duopolies lead to faster download speeds than do …
Endogenous Preferences: A Challenge To Constitutional Political Economy's Normative Foundation?, Malte Dold
Endogenous Preferences: A Challenge To Constitutional Political Economy's Normative Foundation?, Malte Dold
Pomona Faculty Publications and Research
This paper starts with the observation from behavioral economics that preferences are endogenous, i.e., they are unstable, context-dependent, and open to processes of adaptation. It then asks whether welfare analysis and normative economics are still possible in a world populated by people with endogenous preferences. In particular, it looks at recent proposals by Viktor Vanberg and Carl Christian von Weizsacker. In highlighting an institutional perspective, both can be seen as proponents of modern ordoliberalism and both claim that their approaches can deal with the issue of endogenous preferences in a more coherent way than approaches that remain within the mind …
Behavioural Normative Economics: Foundations, Approaches And Trends, Malte Dold
Behavioural Normative Economics: Foundations, Approaches And Trends, Malte Dold
Pomona Faculty Publications and Research
This article summarises the theoretical foundations, main approaches and current trends in the field of behavioural normative economics. It identifies bounded rationality and bounded willpower as the two core concepts that have motivated the field. Since the concepts allow for individual preferences to be context-dependent and time-inconsistent, they pose an intricate problem for standard welfare analysis. The article discusses the ways in which two prominent approaches - the preference purification approach and the opportunity approach - have tackled the problem. It argues that shortcomings in each of these approaches motivate an agency-centric perspective. The article presents two concrete policy proposals …
The Principal Problem With Principal Components Regression, Heidi Margaret Artigue, Heidi Margaret Artigue
The Principal Problem With Principal Components Regression, Heidi Margaret Artigue, Heidi Margaret Artigue
Pomona Faculty Publications and Research
Principal components regression (PCR) reduces a large number of explanatory variables down to a small number of principal components. PCR is thought to be more useful, the more numerous the potential explanatory variables. The reality is that a large number of candidate explanatory variables does not make PCR more valuable; instead, it magnifies the failings of PCR.