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Decomposing the effects of online customer reviews on brand, price, and product attributes

Online customer reviews (OCRs) have become a major source of information for customers in the Internet. Understanding the impact of OCRs on customers' decisions is an important challenge for academics and practitioners. We apply a choice-based conjoint experiment that combines all relevant levels of the OCR dimensions (valence, volume, and variance) and that estimates the effect...

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English / 01/01/2016

Do casinos pay their customers to become risk-averse? Revising the house money effect in a natural experiment

In order to promote risky behavior, it is a common practice that casinos incentivize their customers through the provision of free financial means, i.e., free play. Thereby, casino operators try to exploit what is known as the house money effect. However, evidence from the field is scarce and prior research provides explanations that predict different behavioral outcomes. This...

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English / 07/12/2015

Closing the gender gap in education: what is the state of gaps in labour force participation for women, wives and mothers?

The educational gender gap has closed or reversed in many countries. But what of gendered labour market inequalities? Using micro-level census data for some 40 countries, the authors examine the labour force participation gap between men and women, the “marriage gap” between married and single women’s participation, and the “motherhood gap” between mothers’ and nonmothers’...

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English / 12/10/2015

Does public sector control reduce variance in school quality?

Does the government control of school systems facilitate equality in school quality? Whether centralized or localized control produces more equality depends not only on what ‘could’ happen in principle, but also on what does happen in practice. We use the Programme for International Student Assessment (PISA) database to examine the association between school sector and the variance...

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English / 12/10/2015

Institutions, corporate governance and capital flows

Countries with weaker domestic investor protection hold less diversified international portfolios. An equilibrium business cycle model of North-South capital flow with corporate governance frictions between outside investors and corporate insiders explains this phenomenon through two channels. First,weak governance leads to concentrated ownership in the South because international...

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English / 05/10/2015

The impact of three Mexican nutritional programs: the case of Dif-Puebla

This paper presents an impact evaluation of three nutritional programs implemented in Puebla, Mexico, run by SEDIF, a social assistance institution. The present study uses both a propensity score matching and weighting in order to balance the treatment and the control groups in terms of observable characteristics, and to estimate, later on, the causal effect of the programs on...

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English / 23/07/2015

Masked development: exploring the hidden benefits of the Zapatista conflict

In 1994, the Zapatistas took up arms claiming for indigenous people rights in Chiapas, Mexico. After 12 days of civil war, the national government called for dialogue. Nevertheless, since then, it has deployed a "low intensity war" over the self-declared Zapatista Autonomous Communities. At the same time, the Zapatistas started to implement a new set of institutions, which have...

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English / 23/07/2015

What drives financial inclusion at the bottom of pyramid?: empirical evidence from microfinance panel data

Microfinance has played a key role in including the poor in financial markets. This paper uses microfinance data to approximate financial inclusion in the poorer segments of the population and proposes a quantile regression approach to study the development of microfinance markets. Our approach accounts for the dynamic and heterogeneous impacts that key drivers may have across...

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English / 23/07/2015

Doing well by doing good ?: empirical evidence from microfinance

This paper proposes novel identification techniques to examine the trade-offs that microfinance institutions face between increasing their profits and their social impact. It uses a quantile regression approach to examine how these trade-offs evolve as institutions become more commercialized. The identification strategy is based on an instrumental variable approach, and also...

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English / 23/07/2015

Qualifying “fit”: the performance dynamics of firms’ change tracks through organizational configurations

Organizational configurations, sets of firms with similarities in a number of essential characteristics, provide important insights into the synergies inherent to certain combinations of structural attributes and the performance effects of firms’ retention of, adaptation to, or decoupling from high-performing configurations. The fundamental assumption is that the better a firm’s “fit...

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English / 15/07/2015

Minimum wage law for domestic workers: impact evaluation of the indian experience

We conduct an impact evaluation of the minimum wage legislation for domestic workers that was introduced in four states in India over the period of 2004-2012. Combining the matching and difference-in-difference estimation strategies we estimate both the short-run and long-run impacts of the legislation on real wages and on employment opportunities. Our results show a positive impact...

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English / 22/05/2015

Saving by default: evidence from a field experiment in India

A growing share of the world population is getting access to a formal bank account. This allows a move from cash to account based payments. Grounding our hypothesis in behavioral economics, we conjecture that being paid on an account instead of in cash can play a major role in encouraging savings. When paid on the account, the money is saved by default, while - as long as payments...

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English / 01/04/2015

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