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Articles 1771 - 1800 of 2026
Full-Text Articles in Economics
Effect Of Health Aid On Life Expectancy In Sub-Saharan Africa, Sakiru Oladele Akinbode Dr., Isiaq O. Oseni
Effect Of Health Aid On Life Expectancy In Sub-Saharan Africa, Sakiru Oladele Akinbode Dr., Isiaq O. Oseni
Journal for the Advancement of Developing Economies
No abstract provided.
Pulling Back The Veil: What Determines Hbcu Campus Enrollments, James V. Koch, Omari H. Swinton
Pulling Back The Veil: What Determines Hbcu Campus Enrollments, James V. Koch, Omari H. Swinton
Economics Faculty Publications
Historically black colleges and universities (HBCUs) are among the least researched sectors of American higher education. This article addresses a portion of this knowledge deficit by focusing on the determinants of the full-time equivalent enrollments of 50 HBCUs between fiscal year FY 2005 and FY 2018 and then comparing them to a broad sample of 182 non-HBCUs. The most noteworthy specific results generated by our analyses are: (1) increased recruitment of white students by HBCUs may not hold the key to HBCU enrollment success; (2) the incomes of the households from which students emanate have a major positive influence on …
Would An India-Us Trade Agreement Be Beneficial For India?, Neetu Kaushik, Niloufer Sohrabji
Would An India-Us Trade Agreement Be Beneficial For India?, Neetu Kaushik, Niloufer Sohrabji
International Review of Business and Economics
This paper examines the potential impact of an India-U.S. FTA on India’s trade. We use two approaches to estimate trade effects, compound annual growth analysis and Gravity model estimation. Our sample spans the period from 1992 to 2019 and consists of seven bilateral trade agreements and three multilateral trade agreements which include 24 countries as our treatment group. In both cases we compare the impact on India’s trade following a trade agreement with a control group which we create by including those countries whose trade share exceeds one percent of India’s total trade (in 2019). Our CAGR analysis shows that …
A Comprehensive Analysis Of The Pennsylvania Wine Industry With Actionable Recommendations For Industry Improvement And Growth, Seth Porter
West Chester University Doctoral Projects
Local wine industries are vital engines of agricultural economic growth, rural development, and sustainable long-term tax base creation. While the Pennsylvania wine industry has made admirable progress, the industry still has a poor collective reputation, high variance in product quality differential, and a perceived regulatory environment that creates negative externalities for local wine, agricultural production, and auxiliary enterprises. This comprehensive analysis attempts to diagnose and remedy all primary public policy, regulatory, state, non-profit, and non-state private actions that have impeded the Pennsylvania wine industry. A methodology of grounded theory qualitative processes, furthered by texting mining and document analysis techniques, were …
Windfall Payment Savings: An Examination Of Act 13 Disbursements In Pennsylvania, Corey Young
Windfall Payment Savings: An Examination Of Act 13 Disbursements In Pennsylvania, Corey Young
West Chester University Doctoral Projects
State and local governments occasionally receive positive exogenous payments or windfalls that have a significant impact on their budgets. However, few works examine how budget-makers allocate such payments or if they are consumed in a manner consistent with other revenue streams. Prior research suggests that multiple factors, including the size of a windfall payment, impact how much of the funds are saved and spent. Using data from the Act 13 Unconventional Natural Gas Impact Fee in Pennsylvania, this study examines the relationship between windfall payment size and savings rates between 2011 and 2019. The results of the study indicate that …
Essays On Evaluating The Effects Of The Child Tax Credit, Hyein Kang
Essays On Evaluating The Effects Of The Child Tax Credit, Hyein Kang
Theses and Dissertations--Economics
This dissertation consists of three essays understanding how the Child Tax Credit (CTC) affects maternal labor supply, maternal health, and children’s outcomes. The CTC was implemented in 1998 tax year and has been expanded multiple times throughout the past 20 years. Chapter 1 examines the effect of the CTC on the labor supply of single and married mothers using the numerous policy reforms in the credit generosity and eligibility criteria since its inception in 1997. I use variation in the simulated benefits for a nationally representative sample to estimate the labor supply response at the extensive and intensive margins. Using …
Data Analytics For Crisis Management: A Case Study Of Sharing Economy Services In The Covid-19 Pandemic, Bahri Haciibrahimoglu
Data Analytics For Crisis Management: A Case Study Of Sharing Economy Services In The Covid-19 Pandemic, Bahri Haciibrahimoglu
Selected Full Text Dissertations, 2011-
This dissertation study aims to analyze the role of data-driven decision-making in sharing economy during the COVID-19 pandemic as a crisis management tool. In the twenty-first century, when applying analytical tools has become an essential component of business decision-making, including operations on crisis management, data analytics is an emerging field. To carry out corporate strategies, data-driven decision-making is seen as a crucial component of business operations. Data analytics can be applied to benefit-cost evaluations, strategy planning, client engagement, and service quality. Data forecasting can also be used to keep an eye on business operations and foresee potential risks. Risk Management …
Continuous And Discrete Models For Optimal Harvesting In Fisheries, Nagham Abbas Al Qubbanchee
Continuous And Discrete Models For Optimal Harvesting In Fisheries, Nagham Abbas Al Qubbanchee
Masters Theses
"This work focuses on the logistic growth model, where the Gordon-Schaefer model is considered in continuous time. We view the Gordon-Schaefer model as a bioeconomic equation involved in the fishing business, considering biological rates, carrying capacity, and total marginal costs and revenues. In [25], the authors illustrate the analytical solution of the Schaefer model using the integration by parts method and two theorems. The theorems have many assumptions with many different strategies. Due to the nature of the problem, the optimal control system involves many equations and functions, such as the second root of the equation. We concentrate on Theorem …
Regression Discontinuity Evidence On The Effectiveness Of The Minimum Legal E-Cigarette Purchasing Age, Jeff Desimone, Daniel Grossman, Nicolas Ziebarth
Regression Discontinuity Evidence On The Effectiveness Of The Minimum Legal E-Cigarette Purchasing Age, Jeff Desimone, Daniel Grossman, Nicolas Ziebarth
Economics Faculty Working Papers Series
Increases in youth vaping rates and concerns of a new generation of nicotine addicts recently prompted an increase in the federal minimum legal purchase age (MLPA) for tobacco products, including e-cigarettes, to 21 years. This study presents the first regression discontinuity evidence on the effectiveness of e-cigarette MLPA laws. Using data on 12th graders from Monitoring the Future, we obtain robust evidence that federal and state age-18 MLPAs decreased underage e-cigarette use by 15–20% and frequent use by 20–40%. These findings suggest that the age-21 federal MLPA could meaningfully reduce e-cigarette use among 18–20-year-olds.
Rural Business Development Corporation Annual Report 2022, Department Of Primary Industries And Regional Development, Western Australia
Rural Business Development Corporation Annual Report 2022, Department Of Primary Industries And Regional Development, Western Australia
All other publications
In accordance with section 63 of the Financial Management Act 2006, we hereby submit for your information and presentation to Parliament, the annual report of the Rural Business Development Corporation for the reporting period ended 30 June 2023.
The annual report has been prepared in accordance with the provisions of the Financial Management Act 2006 and the Rural Business Development Corporation Act 2000.
The Industry Expertise Of Sell-Side Equity Analysts, Matthew Louis Dearth
The Industry Expertise Of Sell-Side Equity Analysts, Matthew Louis Dearth
Dissertations and Theses Collection (Open Access)
Institutional investors, the most important consumer of analyst research, consistently rank industry knowledge as the most important attribute of analysts. Despite this, little is known about how investors measure industry knowledge since analyst output which can be evaluated objectively is usually associated with firm-level outcomes such as earnings forecasts or price targets. Comprehensive data are recently available for analyst forecasts of key performance indicators (“KPIs”), firm-performance metrics specific to a particular industry. Whereas reactions to earnings forecasts and other firm-level outputs only inform us about analyst skill in firm-level predictions, stock-price reactions to forecast revisions of industryspecific KPIs can proxy …
Relationship Between Intergenerational Mobility (Igm) And Economic Growth: Evidence From Cross-Country Data, Swapnil Landge
Relationship Between Intergenerational Mobility (Igm) And Economic Growth: Evidence From Cross-Country Data, Swapnil Landge
Publications and Research
Inequality of opportunity (IGM) is a major cause of inequality of opportunity in many countries. However, the impact of IGM on economic growth has not been fully explored. In this research project, I first replicated and extended the IMF working paper titled IGM, IGM, and Economic Growth’ by Shekhar Aiyar and Christian Ebeke (2019), which explored the relationship between income inequality and economic growth, utilizing various measures of intergenerational mobility, to confirm that the adverse impact of income inequality on growth is more pronounced when IGM is lower. Then, I used the latest Gini dataset (All the Ginis’) compiled by …
Identification Of Poverty Areas By Using Machine Learning Classification Methods From Satellite Imagery In Buraydah City, In The Qassim Region Of Saudi Arabia, Amal Alfawzan
Murray State Theses and Dissertations
Saudi Arabia is a wealthy country with its many resources, but it has seen an increase in poverty recently because of a high rate of population growth with a high rate of unemployment. Some estimate that the number of Saudi Arabians living in poverty is between two and four million. This research aims to develop a way to detect poverty through remote sensing. The study area is Buraydah City, the largest city of the Qassim region, an important agricultural center that plays a significant role in the economy of Saudi Arabia. The research hypothesized that there are poor areas within …
Trade In Value Added In Gross Exports: A Better Metric For Understanding Texas-Mexico Trade Flows, Noé Arón Fuentes, Alejandro Brugués, Gabriel González-König, Melissa Floca
Trade In Value Added In Gross Exports: A Better Metric For Understanding Texas-Mexico Trade Flows, Noé Arón Fuentes, Alejandro Brugués, Gabriel González-König, Melissa Floca
Mission Foods Texas-Mexico Center Research
The purpose of this research is to calculate the value-added trade between Texas and Mexico. We argue that a better metric to understand trade flow should be based on value added. U.S. trade deficit with Mexico only reflects gross trade and does not accurately portray the complexities of commercial flows between the two countries. Given that Mexico is Texas' most important trading partner, the transformation of gross trade into value-added trade flows will provide a clearer understanding of this important relationship.
Department Of Economics Newsletter, V26, 2022, University Of Northern Iowa. Department Of Economics.
Department Of Economics Newsletter, V26, 2022, University Of Northern Iowa. Department Of Economics.
Department of Economics Newsletter
In This Issue:
Shar's Message --- 1
Jepson Forum --- 2
Scholarship Winners --- 4
Faculty View: Inflation --- 6
Economics Club --- 8
Alumni-in-Residence: Joe Murphy --- 11
Faculty and Staff Updates --- 12
Part 2: Another Year In Recovery: Virginia's Metropolitan Areas, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 2: Another Year In Recovery: Virginia's Metropolitan Areas, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
If Virginia is to continue its recovery from the pandemic economic shock of 2020, this growth will largely come from Virginia’s metropolitan areas. We ask whether Virginians have returned to the labor force in the aftermath of the pandemic and explore how unemployment rates may not reflect the availability of labor. Lastly, we examine how population change may influence the future of Virginia’s metro areas.
Targeting Using Differential Incentives: Evidence From A Field Experiment, Yubraj Acharya, Jiyoon Kim
Targeting Using Differential Incentives: Evidence From A Field Experiment, Yubraj Acharya, Jiyoon Kim
Economics Faculty Research and Scholarship
In a field experiment in Nepal, we varied the amount of financial incentives provided to health outreach workers by the ethnicity of the client they recruited for a free sugar level assessment. We find that our differential incentive in the ratio of 2.5∶1, geared toward encouraging a disadvantaged referral, raises the chances of such a referral by 11.6 percentage points (95% confidence interval, 1.1–22.1). This effect translates to an incentive elasticity of referral of 0.2. There is no evidence that the outreach workers refer less sick individuals to benefit from higher financial incentives; nor do they target fewer overall referrals.
Bridging Finance Employability Through Competency-Based Education And Andragogy, Joelle Akiki
Bridging Finance Employability Through Competency-Based Education And Andragogy, Joelle Akiki
Datasets
No abstract provided.
Green, Clean, And Mean? China’S Foreign Direct Investment In Sub-Saharan Africa Economy, Makuochukwu Okoma
Green, Clean, And Mean? China’S Foreign Direct Investment In Sub-Saharan Africa Economy, Makuochukwu Okoma
CGU Theses & Dissertations
This dissertation is an investigative study that utilized the Panel Vector Autoregressive (PVAR) model that examines the impact of China’s Foreign Direct Investment on the environment and economy of Sub-Saharan Africa (SSA). In evaluating this impact, 43 SSA countries were analyzed and subdivided into various income levels; three arguments were proposed and tested.First is China’s FDI in SSA, “green.” Does China’s FDI lead to sustainable growth and development for the environment in SSA.? Second, does China’s FDI clean up pollution through the reduction of Carbon dioxide (CO2) emissions? Lastly, does it lead to economic growth and development in SSA? The …
Discrimination Among College Football Head Coaches, Yusuke Fukuda
Discrimination Among College Football Head Coaches, Yusuke Fukuda
Honors Theses
Several major sports organizations have come under scrutiny in recent years for alleged discriminatory practices towards minority coaches. In this paper, I analyze whether minority college football head coaches are more likely to be fired and to earn a lower salary. I observe a sample of 300 head coaches from 132 Division-I Football Bowl Subdivision (FBS) schools between the years 2006 to 2021. After controlling for performance and experience variables and holding the time and school or conference variables fixed in a Cox hazard regression model, I find statistically significant evidence that minority coaches face a higher likelihood of being …
Impacts Of Profamilia Program Spread On Contraceptive Use And Fertility Rates In Colombia During Its Introduction, Katherine C. Specht
Impacts Of Profamilia Program Spread On Contraceptive Use And Fertility Rates In Colombia During Its Introduction, Katherine C. Specht
Honors Theses
I examine the effect of the Profamilia program during its beginning years over the 1960s and 1970s as it spread across Colombia. I find that Profamilia effectively delays first birth, intercourse, and age at marriage, and reduces the probability of having had a teen birth. These outcomes were also linked to increased literacy rates, improved educational attainment, and an increase in employment. Birth spacing and contraceptive use increased. These findings support current research that improving access to family planning services is an effective method for decreasing women’s fertility and improving educational and employment opportunities for women. The implication that having …
Municipal Reform In The Progressive Era: Spatial Spread And Fiscal Outcomes Of The Commission Government, Daniel T. Hiller
Municipal Reform In The Progressive Era: Spatial Spread And Fiscal Outcomes Of The Commission Government, Daniel T. Hiller
Honors Theses
The Galveston-Des Moines Plan for commission government, seen as an important municipal reform during the Progressive Era meant to address corruption and inefficiency in many cities, was pitched by business elites and spread like wildfire in the 1910s. Is there a spatial component to the spread of the adoption of the commission form of government? What are the municipal fiscal outcomes of adoption? This paper shows that there was a spatial spread to its adoption using a lagged state adoption proportion variable. This paper also reveals that promises made by business elites such as increased efficiency and projects to improve …
The Effects Of Personality And Risk Preferences On Effort-Based Behavior: A Game Theoretic Approach, Hannah M. Davidsen
The Effects Of Personality And Risk Preferences On Effort-Based Behavior: A Game Theoretic Approach, Hannah M. Davidsen
Honors Theses
Our personality and preferences play a major role in the decisions we make in our everyday lives. Drawing from literature exploring how people innovate under different scenarios (Dubina, 2013), the present study expanded this topic to include any scenario where there is incentive to free-ride off of another’s effort. I designed a study in which participants (N=73) were asked to complete the Big 5 personality questionnaire, a cognitive reflection task, an altruism elicitation task, and a risk elicitation task, then were randomly paired with another participant to complete four different rounds of a public goods game. Each round of the …
Dynamic Double Auctions: An Analysis Of Secondary Sneaker Market And Its Future As An Nft Marketplace, Chris Zhu
Honors Theses
A theoretical analysis of a dynamic double auction over time shows that greater market density can result in more aggressive trading strategies from buyers and sellers. In addition, my model suggests a fast price discovery period initially, with impatient investors having a more aggressive approach. I confirm these results using resale sneaker data from the StockX website for five deadstock sneakers. I find that market density is positively correlated with bid prices, and the bid-ask spread decreases over time during the price discovery period. However, the results also indicate that sellers price in additional transaction costs and lags in their …
Bean To Buck: Examining The Effects Of The Global Coffee Commodity Market On Smallholders In Colombia, Alexander Ozols
Bean To Buck: Examining The Effects Of The Global Coffee Commodity Market On Smallholders In Colombia, Alexander Ozols
Honors Theses
Utilizing global coffee commodity prices as an exogenous variable on households' consumption, I examine how global coffee commodity price fluctuations affect the well-being of households in the third-largest coffee-producing nation, Colombia. The results show that rural regions and regions designated as part of the "Coffee Axis" are most affected by fluctuations in prices. While results on other regional distinctions are not significant, the size of a household's farming operation dictates how increases in consumption are affected. Lastly, I show that changes in coffee prices, do not have any effect on whether a small or large farm will switch to growing …
Two Sided Matching: A Study Of Underemployment, Benjamin E. Plevin
Two Sided Matching: A Study Of Underemployment, Benjamin E. Plevin
Honors Theses
This paper lays out a general equilibrium framework to study and predict the underemployment rate. A heterogeneous labor market in which both workers and firms differ in skill type is considered and calibrated to simulate both unemployment and underemployment rates. Qualitatively, the model’s predictions match the empirical evidence suggesting underemployment decreases with increases to unemployment insurance. Quantitatively, the one-shot foundation limits the model’s predictive capabilities.
Is Monetary Policy Neutral? The Effectiveness Of Monetary Policy Transmission Across The Income Distribution, Cameron Dyer
Is Monetary Policy Neutral? The Effectiveness Of Monetary Policy Transmission Across The Income Distribution, Cameron Dyer
Honors Theses
This paper analyzes the role of the interest rate channel of monetary policy on household consumption sensitivities across the income distribution. To study this, I build a heterogenous agent model where households experience interest rate shocks as a proxy for monetary policy in addition to income shocks. I find that the poorest quintile increases consumption by about 4.5% in response to a recessionary interest rate cut, with this effect weakening for each additional quintile. When interest rate shocks differ by income group, the poorest lose about 3.6% of consumption and monetary policy’s effect on aggregate consumption weakens. When the income …
เสถียรภาพของภาคการเงินและภาคเศรษฐกิจจริงภายใต้ความเสี่ยงด้านต่ำและด้านสูงของราคาบ้าน, พงศ์ภัค ศรีสิงหสงคราม
เสถียรภาพของภาคการเงินและภาคเศรษฐกิจจริงภายใต้ความเสี่ยงด้านต่ำและด้านสูงของราคาบ้าน, พงศ์ภัค ศรีสิงหสงคราม
Chulalongkorn University Theses and Dissertations (Chula ETD)
งานวิจัยชิ้นนี้มีวัตถุประสงค์เพื่อศึกษาผลกระทบและปัจจัยสำคัญทางด้านภาคเศรษฐกิจจริงและปัจจัยทางด้านภาคการเงินต่อราคาบ้านเมื่อเกิดสภาวะความเสี่ยงด้านสูงและความเสี่ยงด้านต่ำสำหรับกลุ่มประเทศตลาดเกิดใหม่ และกลุ่มประเทศพัฒนาแล้ว ในการศึกษานี้ได้มีการแบ่งกลุ่มของข้อมูลเป็น 2 กลุ่มหลัก ได้แก่ กลุ่มปัจจัยในภาพรวม และกลุ่มปัจจัยย่อย ทั้งนี้เพื่อตอบวัตถุประสงค์ผู้วิจัยได้มีการนำเทคนิค Feature Importance ด้วยการใช้อัลกอริทึม Random Forest และเสริมด้วยแบบจำลอง Semi-parametric Quantile Regression ซึ่งจะช่วยให้แบบจำลองเหมาะสมกับการวิเคราะห์การแจกแจงการกระจายข้อมูลที่ไม่ปกติ ผลการศึกษาแบ่งตามลักษณะกลุ่มประเทศดังนี้ สำหรับกลุ่มประเทศพัฒนาแล้วพบว่าปัจจัยทางด้านอัตราดอกเบี้ยนโยบายการเงินที่มีสัดส่วนสูงที่สุดในการกำหนดราคาบ้านทั้งในช่วงความเสี่ยงด้านสูงและด้านต่ำอีกทั้งเมื่อปัจจัยดังกล่าวปรับตัวเพิ่มขึ้นยังส่งผลต่อราคาบ้านให้ลดลงอย่างมีนัยสำคัญทางสถิติสำหรับทุกควอนไทล์ ทั้งนี้เมื่อพิจารณาเฉพาะในปัจจัยย่อยของกลุ่มตัวแปรต่างๆ ที่มีความสำคัญที่สุดและส่งผลต่อราคาบ้านในแต่ละกลุ่มจะพบว่าปัจจัยที่ควรสังเกตุและมีความสำคัญมากเพื่อรักษาเสถียรภาพของราคาบ้านได้แก่ ปัจจัยด้านรายจ่ายเพื่อการอุปโภคบริโภคของรัฐบาล, ปัจจัยด้านดัชนีราคาด้านสินค้าและบริการเบ็ดเตล็ด, ปัจจัยด้านดัชนีราคาด้านการนันทนาการและวัฒนธรรม, ปัจจัยด้านการลงทุนแบบพอร์ตโฟลิโอผ่านตราสารทุน, ปัจจัยด้านสัดส่วนสินเชื่อภาคครัวเรือนเทียบกับผลิตภัณฑ์มวลรวมภายในประเทศ และปัจจัยด้านดัชนีอัตราแลกเปลี่ยนที่แท้จริง เป็นต้น สำหรับกลุ่มประเทศตลาดเกิดใหม่พบว่าตัวแปรทางด้านดัชนีอัตราแลกเปลี่ยนที่แท้จริงและสัดส่วนสินเชื่อต่อผลิตภัณฑ์มวลรวมในประเทศมีสัดส่วนสูงที่สุดรวมกันอยู่ที่ประมาณสัดส่วนร้อยละ 60 ถึง 70 ของตัวแปรทั้งหมดในแบบจำลองในการกำหนดราคาบ้าน ทั้งนี้สำหรับประเทศพัฒนาแล้วอัตราแลกเปลี่ยนที่แท้จริงเมื่อเกิดการแข็งค่าขึ้นจะส่งผลต่อราคาบ้านในทิศทางลดลงอย่างมีนัยสำคัญทางสถิติสำหรับทุกควอไทล์ ทั้งนี้เมื่อพิจารณาเฉพาะในปัจจัยย่อยของกลุ่มตัวแปรต่างๆ ที่มีความสำคัญที่สุดและส่งผลต่อราคาบ้านในแต่ละกลุ่มจะพบว่าปัจจัยที่ควรสังเกตุและมีความสำคัญมากเพื่อรักษาเสถียรภาพของราคาบ้านได้แก่ ปัจจัยด้านรายจ่ายเพื่อการอุปโภคบริโภคของครัวเรือน, ปัจจัยด้านการสะสมทุนถาวรเบื้องต้น, ปัจจัยด้านดัชนีราคาด้านสินค้าและบริการเบ็ดเตล็ด, ปัจจัยด้านการลงทุนแบบพอร์ตโฟลิโอผ่านตราสารหนี้, ปัจจัยด้านสัดส่วนสินเชื่อภาคเอกชนเทียบกับผลิตภัณฑ์มวลรวมภายในประเทศ, ปัจจัยด้านเครื่องมือ Loan-to-Value และ ปัจจัยด้านปริมาณเงินตามความหมายกว้าง เป็นต้น ดังนั้นเพื่อรักษาเสถียรภาพของภาคการเงินและภาคเศรษฐกิจจึงนั้น ผู้ออกนโยบายควรที่จะมุ่งไปที่ปัจจัยที่มีความสำคัญและส่งผลต่อราคาบ้านให้เหมาะสมกับลักษณะของกลุ่มประเทศและพิจารณาการกับกำดูแลผ่านนโยบายเสถียรภาพด้านราคาบ้านตามสถานการณ์ให้เหมาะสม
From Soup To Nuts - The Efficiency Of Non-Profits: Evidence From U.S. Food Banks, Mary A. Mattingly
From Soup To Nuts - The Efficiency Of Non-Profits: Evidence From U.S. Food Banks, Mary A. Mattingly
Masters Theses
Nonprofits are a growing part of America’s economy and play an import role in fulfilling the needs of society in addition to private firms and government agencies. Economists haven’t researched nonprofits as much as other firms in the past, but this is starting to change. This project looks at the efficiency of 20 food banks in the United States using Data Envelopment Analysis. The results show that American Food Banks appear to be using their funds efficiently, but others could learn to use their inputs and outputs in a more efficient manner. As more data becomes available, this area of …
Informational Intermediation, Market Feedback, And Welfare Losses, Wenji Xu, Kai Hao Yang
Informational Intermediation, Market Feedback, And Welfare Losses, Wenji Xu, Kai Hao Yang
Cowles Foundation Discussion Papers
This paper examines the welfare implications of third-party informational intermediation. A seller sets the price of a product that is sold through an informational intermediary. The intermediary can disclose information about the product to consumers and earns a fied percentage of sales revenue in each period. The intermediary's market base grows at a rate that increases with past consumer surplus. We characterize the stationary equilibria and the set of subgame perfect equilibrium payoffs. When market feedback (i.e., the extent to which past consumer surplus affects future market bases) increases, welfare may decrease in the Pareto sense.