Crowdfunding campaigns display their funding progress in real-time, but is that wise? And how does this affect entrepreneurs’ pricing and goal choices and the welfare that results?
Javier Gil-Bazo and Juan F. Imbet explore persuasion in social media by asset management firms. They focus on the mutual fund families that manage domestic equity funds in the U.S. to investigate whether the firms use social media to attract investors’ money.
Using an instrumental variable strategy, Andre Groeger, Gianmarco León-Ciliotta and Steven Stillman document a causal relationship between the level of employment in the informal sector and reports of discrimination.
Renjie Bao, Jan De Loecker, and Jan Eeckhout build and estimate a structural model that decomposes the origins of manager pay into those that are due to market power and those due to firm size.