Learn More
  • Ken Hendricks, Alan Sorensen, Dirk Bergmann, Greg Crawford, Steve Durlauf, Phillip Leslie +2 others
  • 2007
This paper studies the role of consumer learning in the demand for recorded music by examining the impact of an artist's new album on sales of past and future albums. Using detailed album sales data for a sample of 355 artists, we show that the release of a new album increases sales of old albums, and the increase is substantial and permanent—especially if(More)
useful conversations. We thank the Searle Foundation and the Kaufman Foundation for funding. All errors are our responsibility. Abstract How much economic value did the diffusion of broadband create? We provide benchmark estimates for 1999 to 2006. We observe $39 billion of total revenue in Internet access in 2006, with broadband accounting for $28 billion(More)
We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The model demonstrates the potential impact of coinsurance rates, which allow MCOs to partly steer patients towards(More)
  • Phillip J Leslie, Lanier Benkard, Dirk Bergemann, Steve Berry, Moshe Buchinsky, Greg Crawford +5 others
  • 2001
Pakes for valuable advice and assistance. I am especially grateful to Benjamin Mordecai for sharing with me his insights into theatre ticket pricing and for his interest in the study from the very beginning, and to Christina Mills for assisting me to obtain the data. Finally, I thank the Cowles Foundation for financial support in the form of a Carl Arvid(More)
  • Patrick Bayer, Christopher Timmins, Dan Ackerberg, Steve Berry, William Brock, Don Brown +10 others
  • 2003
Notes: Center Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments. Abstract With the growing recognition of the role played by geography in all sorts of economic problems, there is strong interest in measuring the size and scope of local spillovers (i.e., simple anonymous agglomeration or congestion effects,(More)
  • Zeynep K Hansen, Gary D Libecap, Alban Thomas, Jason Long, Stan Reynolds, Dean Lueck +8 others
  • 2004
We provide a new and more complete analysis of the origins of the Dust Bowl of the 1930s, one of the most severe environmental crises in North America in the twentieth century. Severe drought and wind erosion hit the Great Plains in 1930 and lasted through 1940. There were similar droughts in the 1950s and 1970s, but no comparable level of wind erosion. We(More)
The recent withdrawal of Cox-2 Inhibitors has generated debate on the role of information in drug diffusion: can the market learn the efficacy of new drugs, or does it depend solely on manufacturer advertising and FDA updates? In this study, we use a novel data set to study the diffusion of three Cox-2 Inhibitors – Celebrex, Vioxx and Bextra. In addition to(More)
There is policy interest in using tax to change food purchasing behaviour. The literature has not accounted for the oligopolistic structure of the industry. In oligopoly the impact of taxes depend on preferences, and how …rms pass tax onto prices. We consider a tax on saturated fat. Using transaction level data we …nd that the form of tax and …rms'(More)
for useful conversations and to many seminar participants. Abstract This papers provides a framework for organizing empirical research on structural change in electronic commerce at the nexus between infrastructure and virtual activity. The framework identifies several key questions for understanding the evolution of the value chain underlying electronic(More)
  • Arnold Schwarzenegger Governor, H T Harvey, Associates, Peter A Nelson, Laura Engeman, Melinda Dorin +37 others
  • 2008
DISCLAIMER This report was prepared as the result of work sponsored by the California Energy Commission. It does not necessarily represent the views of the Energy Commission, its employees or the State of California. The Energy Commission, the State of California, its employees, contractors and subcontractors make no warrant, express or implied, and assume(More)