AbstractCloud computing has shifted how firms access IT away from investment in fixed capital to pay-on-demand services that facilitate remote and simultaneous use. Using firm-level data, we examine the impact of cloud adoption on firm performance and …
AbstractThis paper revisits one of the rare success stories in global environmental cooperation: the Montreal Protocol and the phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on alternatives to ozone-d…
AbstractWhile investment in most sectors declines in response to a contractionary monetary policy shock, investment in the manufacturing sector increases. Using manually digitized aggregate income and balance sheet data for the universe of US manufactu…
AbstractWe examine the use of instrumental variable (IV) methods to measure the effect of a ceteris paribus change in an endogenous variable on an ordered outcome. Specifically, we use these methods to investigate the effect of neighborhood characteris…
AbstractWe study the effect of raising the level and transparency of financial incentives offered to local agents for acquiring clients of a new banking product on take-up. We find that paying agents higher incentives increases take-up and usage, but o…
AbstractThis study evaluates the effects of the 2018 UK Soft Drinks Industry Levy. We combine novel electronic point-of-sale data with longitudinal nutritional information and a variety of event-study specifications. All but a few global soft drink bra…
AbstractWe present a statistical test for the hypothesis of (approximate) utility maximization on the basis of nonparametric revealed preference conditions. We take as null hypothesis that the consumer behaves randomly, and we reject this hypothesis on…
AbstractWe investigate how female representation impacts policymaking using the example of child care and new hand-collected data on local council elections in Bavaria. RDD estimations (mixed-gender races for last party-specific council seats) show tha…
AbstractWe propose a new inference method in high-dimensional regression models and high-dimensional IV regression models. The method is shown to be valid without requiring the exact sparsity or Lp sparsity conditions. Simulation studies demonstrate su…
AbstractThis paper examines the authorship of postpublication criticisms in the scientific literature, with a focus on gender differences. Bibliometrics from journals in the natural and social sciences show that comments that criticize or correct a pub…