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  • Articles  (19)
  • Communication  (19)
  • Oxford University Press  (19)
  • Berkeley Electronic Press (now: De Gruyter)
  • Economics  (19)
  • Process Engineering, Biotechnology, Nutrition Technology
  • 1
    Publication Date: 2017-01-05
    Description: Online retailing has created an empirical opportunity to examine consumer search behavior using click stream data. In this article we examine the implications of greater variety online for consumer search intensity, and equilibrium prices. We test our hypothesis using consumer data on online search and purchase behavior from the comScore Web Behavior Panel. We find that search intensity systematically decreases in categories with broader product ranges, and equilibrium prices rise. Our findings suggests that broader product ranges in online retail markets can produce anti-competitive effects that are mediated through equilibrium responses in consumer search behavior.
    Keywords: D12 - Consumer Economics: Empirical Analysis, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, L13 - Oligopoly and Other Imperfect Markets, L81 - Retail and Wholesale Trade ; e-Commerce
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 2
    Publication Date: 2016-09-17
    Description: Experts and the general public often perceive environmental problems differently. Moreover, regulatory responses to environmental issues often do not coincide with consensus expert recommendations. These two facts are mutually consistent—it is unlikely that regulations based on factual claims that are substantially different from voters’ opinions would be politically feasible. Given that the public’s beliefs constrain policy choices, it is vital to understand how beliefs are formed, whether they will be biased, and how the inevitable heterogeneity in people’s beliefs filters through the political system to affect policy. We review recent theoretical and empirical work on individual inference, social learning, and the supply of information by the media and identify the potential for biased beliefs to arise. We then examine the interaction between beliefs and politics: can national elections and legislative votes be expected to result in unbiased collective decisions, do heterogeneous beliefs induce strategic political actors to alter their policy choices, and how do experts and lobby groups affect the information available to policymakers? We conclude by suggesting that the relationship between beliefs and policy choices is a relatively neglected aspect of the theory of environmental regulation, and a fruitful area for further research.
    Keywords: D72 - Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior, D78 - Positive Analysis of Policy-Making and Implementation, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, P48 - Political Economy ; Legal Institutions ; Property Rights, Q50 - General
    Print ISSN: 1750-6816
    Electronic ISSN: 1750-6824
    Topics: Energy, Environment Protection, Nuclear Power Engineering , Political Science , Economics
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  • 3
    Publication Date: 2016-06-19
    Description: We use a "natural experiment" in media markets in Benin to examine the impact of community radio on government responsiveness to citizens. Contrary to prior research on the impact of mass media, in this experiment government agents do not provide greater benefits to citizens whose exposure to community radio increased their demand for those benefits. Households with greater access to community radio were more likely to pay for government-provided bed nets to combat malaria than to receive them for free. Mass media changed the private behavior of citizens—they invested more of their own resources in the public health good of bed nets—but not citizens’ ability to extract greater benefits from government. While the welfare consequences of these results are ambiguous, the pattern of radio's effects that we uncover has implications for policy strategies to use mass media for development objectives.
    Keywords: D72 - Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior, D73 - Bureaucracy ; Administrative Processes in Public Organizations ; Corruption, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, H51 - Government Expenditures and Health, I18 - Government Policy ; Regulation ; Public Health
    Print ISSN: 0258-6770
    Electronic ISSN: 1564-698X
    Topics: Economics
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  • 4
    Publication Date: 2016-04-24
    Description: The existence of price thresholds in grocery retailing is well-documented. Most authors explain the existence of price thresholds using Assimilation-Contrast Theory, Adaptation Level Theory, or Prospect Theory. However, each of these theories is untenable if consumers are believed to behave rationally. We offer a theoretical explanation grounded in Real Options Theory (ROT) and economic hysteresis. We test the ROT hypothesis against three plausible alternatives using a maximum likelihood friction model that we augment for unobserved heterogeneity. Our findings support the ROT hypothesis, and suggest that the existence of price thresholds in aggregate data are driven by a common recognition of real option values, which do not disappear with the inclusion of consumer heterogeneity.
    Keywords: D12 - Consumer Economics: Empirical Analysis, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, L13 - Oligopoly and Other Imperfect Markets, L81 - Retail and Wholesale Trade ; e-Commerce
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 5
    Publication Date: 2015-04-18
    Description: In many Sub-Saharan African countries, farmers typically have a choice between selling their products to traders who travel between villages and markets and transporting their products to the nearest market themselves. Because of communities’ remoteness and poor communications with marketplaces, farmers’ uncertainty about market prices is usually high. Traders may take advantage of farmers’ ignorance of the market price and extract a rent from them by offering very low prices for their products. In this article, we model bargaining interactions between farmers and traders meeting at the farmgate and we study how price information affects the bargain and the balance of power. We show the conditions for Market Information Services (MIS) to be profitable for farmers and examine efficiency issues associated with asymmetric information. Finally, we test the model’s prediction that information results in positive individual gain for farmers using original survey data collected in the Northern region of Ghana. Specifically, we estimate the causal effect of a mobile-based MIS program on farmers’ marketing performances and find that farmers who have benefited from the MIS program received significantly higher prices for maize and groundnuts: about 10% more for maize and 7% more for groundnuts than what they would have received had they not participated in the MIS program. These results suggest that the theoretical conditions for successful farmer use of MIS may be met in the field.
    Keywords: C78 - Bargaining Theory ; Matching Theory, D81 - Criteria for Decision-Making under Risk and Uncertainty, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, O12 - Microeconomic Analyses of Economic Development, O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 6
    Publication Date: 2014-12-13
    Description: This article develops a choice model for environmental public goods, which allows for consumers to learn about their preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently incorporated into a reduced form econometric model. Our main findings are that in a random utility model (RUM) discrete choice model, a subject's scale should increase and the variability of scale should decrease with experience if subjects are Bayesians. We then estimate the model using field data regarding preferences for one particular public good, water quality. We find strong evidence that additional experience increases scale, thereby making consumer preferences more predictable from the econometrician's perspective. We find supportive but less convincing evidence that experience decreases the variability of scale across subjects.
    Keywords: C51 - Model Construction and Estimation, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, H43 - Project Evaluation ; Social Discount Rate, Q51 - Valuation of Environmental Effects
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 7
    Publication Date: 2014-08-10
    Description: Work on clusters during the last few decades convincingly demonstrates enhanced opportunities for local growth and entrepreneurship, but external upstream knowledge linkages are often overlooked or taken for granted. This article is an attempt to remedy this situation by investigating why and how young, single-site firms search for distant sources of complementary competences. The discussion is positioned within a comprehensive framework that allows a systematic investigation of the approaches available to firms engaged in globally extended learning. By utilizing the distinction between problem awareness (what remote knowledge is needed?) and source awareness (where does this knowledge reside?) the article explores the relative merits and inherent limitations of pipelines, listening posts, crowdsourcing and trade fairs to acquire knowledge and solutions from geographically and relationally remote sources.
    Keywords: D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, L22 - Firm Organization and Market Structure, R11 - Regional Economic Activity: Growth, Development, and Changes
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
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  • 8
    Publication Date: 2014-08-10
    Description: This article builds elements of a theory of peripheral innovation in transnational corporations. Although subsidiaries at the geographical periphery of the global economy and at the organizational periphery of their headquarters often contribute a negligible amount to the corporate global revenues, this article provides evidence on the role of these peripheries in knowledge creation and in enforcing controversial innovations. Based on an embedded and mixed-method case study of the Argentinean subsidiary of the chemical corporation BASF that uses qualitative interviews and a social network survey of knowledge sharing among employees, this article develops three sets of propositions about contextual and network opportunities for creating and enforcing innovations in the periphery of transnational corporations.
    Keywords: D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, D85 - Network Formation and Analysis: Theory, O18 - Regional, Urban, and Rural Analyses, O31 - Innovation and Invention: Processes and Incentives, O33 - Technological Change: Choices and Consequences ; Diffusion Processes
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
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  • 9
    Publication Date: 2014-08-10
    Description: This article argues that local knowledge building and global (nonlocal) knowledge-accessing practices in economic development are intrinsically interwoven. They generate fundamental feedback loops, which are channeled through and lead to ongoing knowledge circulation. To better understand the nature of the specific mechanisms and conditions underlying these processes, three key areas of research are identified for current and future research. These are related to (i) creative agents and the nature of local creative processes, (ii) community formation and local creativity from ideas to market penetration and (iii) temporary gatherings as translocal knowledge platforms.
    Keywords: D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, L23 - Organization of Production, M21 - Business Economics, O31 - Innovation and Invention: Processes and Incentives, O33 - Technological Change: Choices and Consequences ; Diffusion Processes, R11 - Regional Economic Activity: Growth, Development, and Changes
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
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  • 10
    Publication Date: 2014-08-10
    Description: Acting as temporary clusters, trade fairs can turn into trans-local learning spaces in global industrial communities. However, up to now, how temporary gatherings are related to regional/national economies has not yet been systematically investigated. This article approaches the question with an international comparative study of trade fairs in Asian economies. Generally, consistent with a dynamic interpretation of temporary clusters, trade fairs exhibit a more diverse configuration of participants, being a setting more compatible for knowledge creation, in more developed Asian economies. However, structures of trade fairs are also influenced by organizational features of embedded economies. Further, seven flagship electronics fairs suggest an architecture of global temporary networks of clusters for high-end learning processes in the global knowledge economy.
    Keywords: D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief, L84 - Personal, Professional, and Business Services, O33 - Technological Change: Choices and Consequences ; Diffusion Processes, O53 - Asia including Middle East, R11 - Regional Economic Activity: Growth, Development, and Changes
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
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