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Two conflicting predictions have emerged regarding the effect of low-cost information on price. The first states that all Internet retailers will charge the same low price for mass produced goods. The second states that Internet retailers will differentiate to avoid intense price competition. Using data collected in April 1999 on the prices of 107 books in(More)
Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the National Science Foundation Abstract: A primary tool that consumers have for comparative shopping are shopbots, which is short for shopping robots. These shopbots automatically search a large number(More)
  • Research Showcase, Cmu, Alan Barreca, Karen Clay, Olivier Deschenes, Michael Greenstone +2 others
  • 2015
NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. ABSTRACT Adaptation is the only strategy that is guaranteed to be part of the world's climate strategy. Using the most comprehensive set of data(More)
  • Daniel M Klerman, Paul G Mahoney, Holger Spamann, Mark I Weinstein, David Albouy, Ryan Bubb +16 others
  • 2011
A BS T R AC T Economists have documented pervasive correlations between legal origins, modern regulation, and economic outcomes around the world. Where legal origin is exogenous, however, it is almost perfectly correlated with another set of potentially relevant background variables: the colonial policies of the European powers that spread the " origin "(More)
P eer-to-peer (P2P) file sharing networks are an important medium for the distribution of information goods. However, there is little empirical research into the optimal design of these networks under real-world conditions. Early speculation about the behavior of P2P networks has focused on the role that positive network externalities play in improving(More)
Using data collected between August 1999 and January 2000, we examine firm-level pricing strategies for 32 online bookstores. The data cover more than 300 books, including New York Times bestsellers, computer bestsellers, and random books. Over the period, standard deviation of price fell slightly, and prices for the different types of books were(More)
Peer to peer networks will become an increasingly important distribution channel for consumer information goods and may play a role in the distribution of information within corporations. Our research analyzes optimal membership rules for these networks in light of positive and negative externalities additional users impose on the network. Using a dataset(More)
  • Research Showcase, Cmu, Karen Clay, Werner Troesken, Michael R Haines, Latika Abramitsky +6 others
  • 2015
of California at Davis for helpful comments. Thanks are also due to conference participants at the Cliometrics Meetings, the Social Science History Association Meetings, the All UC Economic History Conference, and the NBER Summer Institute for their helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the(More)