Results

CEP discussion paper

Is data privacy a losing game? Evidence from Apple's App Tracking Transparency (ATT) policy

We study the impact of Apple's App Tracking Transparency (ATT) policy, which requires apps to obtain explicit user permission before cross-app tracking, on the mobile gaming industry. Using SensorTower US data on the top...Read more...

CEP occasional paper

UK national productivity trends: getting the data right

We compare standard productivity estimates of UK output per worker derived from the Labour Force Survey (LFS) with newly released estimates based on more reliable "Real Time Information" (RTI) administrative data. LFS-ba...Read more...

Journal article

Economica:

Defining the geographical level of competition: a taxonomy of industry tradability

The paper develops a taxonomy of industry tradability to define the geographical level at which competition takes place. First, it creates a novel dataset that combines production and international trade data for both go...Read more...

Journal article

Review of World Economics:

The changing structure of global value chains and technological change: evidence from the firm-level patent data

This paper explores how changes in the relative position in the Global Value Chains (GVCs) affect firms? innovation activities. The analysis combines matched patent-firm data with information on GVC networks from the OEC...Read more...

CEP discussion paper

GRAPH-EE: building employer - employee panels from a knowledge graph and company microdata

Linked employer-employee datasets are a hugely powerful tool for researchers and policymakers across the social sciences. However, access to such data is typically highly restricted and the quality of data varies substan...Read more...

Journal article

Strategy Science:

Strategic confusopoly: evidence from the UK mobile telecommunications market

Can entire markets strategically confuse consumers to raise market prices? Using a detailed data set covering virtually all mobile phone tariffs and their handsets in the United Kingdom between January 2010 and September...Read more...

Journal article

Energy Economics:

Firm climate investment: a glass half-full

The green transition will require large investments from firms, yet little is known about the scale and drivers of climate-related capital expenditure across the UK economy. To address this gap, we draw on a large, repre...Read more...

Journal article

Research Policy:

Mapping digital businesses with big data: some early findings from the UK

Governments around the world want to develop their ICT industries. Researchers and policymakers thus need a clear picture of digital businesses, but conventional datasets and typologies tend to lag real-world change. We ...Read more...

Journal article

International Economics:

Reassessing EU comparative advantage: the role of technology

Based on a sufficient statistics approach, we show how the state of technology of European industries relative to the rest of the world can be empirically assessed in a way that is simple in terms of computation, parsimo...Read more...

Blog

LSE Business Review:

Eugenie Dugoua: Data centres are the factories of our modern lives

Our lives today increasingly depend on data centres for simple activities like writing emails or watching videos. The arrival of large language models such as ChatGPT has caused a significant uptick in the use of digital...Read more...

Blog

LSE IQ Podcast:

Is AI destroying the planet? (podcast)

Professor Nick Couldry, Dr Eugenie Dugoua, Ceara Carney | Artificial intelligence is transforming the world around us, offering increased productivity and promising to help tackle difficult problems like global warming. ...Read more...

CEP discussion paper

Firm-level technology adoption in times of crisis

We investigate the diffusion of frontier technologies across German firms before and during the Covid-19 crisis. Our analysis tracks the nature, timing, and pandemic-related motivations behind technology investments, usi...Read more...

Blog

MIT Sloan Management Review:

Reskilling the Workforce With AI: Harvard Business School's Raffaella Sadun (podcast)

Harvard Business School professor Raffaella Sadun's research has historically focused on digital reskilling. Now, rapid technological changes - like AI - are reshaping the nature of work. Raffaella's research has explore...Read more...

Journal article

Management Science:

Cultural homophily and collaboration in superstar teams

One may reasonably think that cultural homophily, defined as the tendency to associate with others of similar culture, affects collaboration in multinational teams in general but not in superstar teams of professionals a...Read more...

Journal article

The Economic Journal:

Globalization and conflicts: the good, the bad, and the ugly of corporations in Africa

Using a novel georeferenced datataset on the affiliates and headquarters of multinational enterprises between 2007 and 2018 together with georeferenced conflict data for the African continent, this work establishes a cau...Read more...

Blog

LSE Business Review:

The productivity boom in the British car industry benefited workers, with a caveat

Productivity growth can play an important role in raising wages. The UK car industry experienced fast productivity growth over the past 40 years, and by the 2010s car workers were earning about 37 per cent more than the ...Read more...

Journal article

International Review of Financial Analysis :

Does it matter who owns firms? Evidence on the impact of supermajority control on private firms in Europe

We explore how the type of owner affects private enterprise investment decisions in Europe. In contrast to the literature, we analyze firms with concentrated (>95%) ownership stakes to reduce the potential that agency pr...Read more...

Blog

LSE Business Review:

Workers in finance from lower socio-economic backgrounds don't have equal voice

Employee voice refers to the informal and voluntary sharing of ideas, suggestions, concerns or opinions about work-related matters, with the goal of driving improvement or change. When voice is suppressed or marginalised...Read more...

Journal article

Annual Review of Economics:

Industrial policy and the great divergence

We discuss recent work evaluating the role of the government in shaping the economy during the long nineteenth century, a practice we refer to as industrial policy. States deployed a vast variety of different policies ai...Read more...

CEP discussion paper

Immigration and political realignment

This paper examines how immigration reshapes political landscapes, centring on the influx of immigrants from the EU's 2004 enlargement and its implications for the UK. I use a new variation in exposure to immigration bas...Read more...

Journal article

The Review of Economic Studies:

Using disasters to estimate the impact of uncertainty

Uncertainty rises in recessions and falls in booms. But what is the causal relationship? We construct cross-country panel data on stock market returns to proxy for first- and second-moment shocks and instrument these wit...Read more...

Journal article

The Economic Journal:

How polarised are citizens? Measuring ideology from the ground-up

We investigate whether the ideological polarisation of citizens has increased in Western democracies. We propose a novel methodology to identify individual ideologies by applying Latent Dirichlet Allocation to political ...Read more...

Journal article

Journal of Environmental Psychology:

Working memory and fluid intelligence are differentially related to categories of urban fabric in older adults: Results from the Berlin aging study

Urbanization is Globally increasing at a rapid rate but its consequences for mental health, including cognitive functioning, are not well understood. In particular, little is known about the effects of different morpholo...Read more...

Journal article

Research Policy:

A new dataset to study a century of innovation in Europe and in the US

Innovation is an important driver of potential growth but quantitative evidence on the dynamics of innovative activities in the long-run are hardly documented due to the lack of data, especially in Europe. In this paper,...Read more...

CEP discussion paper

Understanding multi-layered sanctions: a firm-level analysis

This paper examines which types of firms are hit by multi-layered sanctions, quantifies the extent of the economic impact on the affected firms, and identifies the channels through which these effects are propagated. To ...Read more...

CEP discussion paper

Industrial policy and the great divergence

We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different poli...Read more...

CEP discussion paper

Knowledge spillovers from clean innovation. A tradeoff between growth and climate?

Innovation policy faces a tradeoff between growth and climate objectives when the knowledge spillover externality from clean innovation is low compared to other sectors. To make such a comparison, we use patent data to e...Read more...

CEP discussion paper

Evaluating merger effects

This paper proposes a new algorithm with which to identify the potential effect of mergers by comparing the outcomes of interest in areas of overlap for the merging parties vis-a-vis areas of no overlap within a differen...Read more...

Journal article

AEA Papers and Proceedings:

The local labor market effects of modern manufacturing capital: evidence from France

Using an event study methodology and comprehensive micro data from the French manufacturing sector, we analyze the local labor market effects of investments in modern manufacturing capital, including modern automation te...Read more...

Journal article

American Economic Review:

Globalization and pandemics

We provide theory and evidence on the relationship between globalization and pandemics. Business travel facilitates trade and travel leads to human interactions that transmit disease. Trade-motivated travel generates an ...Read more...

Journal article

Research Policy:

Global value chains and domestic innovation

This paper explores how changes in both position and participation in Global Value Chain (GVC) networks affect firm innovation. The analysis combines matched patent-firm data for Japan with measures of GVC network centra...Read more...

Journal article

Industrial and Corporate Change :

Industry concentration in Europe and North America

This paper presents new evidence on industry concentration at both the country and the world-region levels. It calculates country-level industry concentration measures from the novel data representative of the entire fir...Read more...

Journal article

Regional Science and Urban Economics :

Micro-geographic property price and rent indices

We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-...Read more...

Journal article

Journal of Econometrics:

Surveying business uncertainty

We elicit subjective probability distributions from business executives about their own-firm outcomes at a one-year look-ahead horizon. In terms of question design, our key innovation is to let survey respondents freely ...Read more...

CentrePiece article

Clean technologies for growth and equity

Public investment in developing energy sources that don?t cause climate change is a strategy for economic growth that could also contribute to the UK?s levelling up agenda, says Ralf Martin. His analysis indicates that s...Read more...

CEP discussion paper

Cultural homophily and collaboration in superstar teams

One may reasonably think that cultural preferences affect collaboration in multinational teams in general, but not in superstar teams of professionals at the top of their industry. We reject this hypothesis by creating a...Read more...

Journal article

Journal of Operations Management:

Working from home and firm resilience to the Covid-19 pandemic

The COVID-19 pandemic has disrupted firms' operations. To cope with the crisis, many firms have allowed their employees to work from home (WFH). We examine whether a firm's WFH capacity has increased its resilience durin...Read more...

CentrePiece article

In brief... Confusopoly: how mobile phone companies use product complexity to raise prices

Confusing consumers can be profitable for companies, particularly in a highly competitive market. Christos Genakos, Tobias Kretschmer and Ambre Nicolle find evidence that, for a period, phone operators decreased the tran...Read more...

Journal article

Environment and Planning B: Urban Analytics and City Science :

Modeling clusters from the ground up: a web data approach

This paper proposes a new methodological framework to identify economic clusters over space and time. We employ a unique open source dataset of geolocated and archived business webpages and interrogate them using Natural...Read more...

Journal article

Energy for Sustainable Development :

Assessing reliability of electricity grid services from space: the case of Uttar Pradesh, India

While most households around the world have access to electricity, the number of hours per day when the grid supplies them with adequate voltage can be low. Improving the reliability of electricity is crucial to make pro...Read more...

Journal article

American Journal of Agricultural Economics:

Blame it on the rain: rainfall variability, consumption smoothing, and subjective well-being in rural Ethiopia

How does income uncertainty affect individual well-being? Combining individual-level panel data from rural Ethiopia with high-resolution meteorological data, we estimate that mean-preserving increases in rainfall variabi...Read more...

CEP discussion paper

A new dataset to study a century of innovation in Europe and in the US

Innovation is an important driver of potential growth but quantitative evidence on the dynamics of innovative activities in the long-run are hardly documented due to the lack of data, especially in Europe. In this paper,...Read more...

CEP discussion paper

Knowledge spillovers from clean and emerging technologies in the UK

The UK government has committed to increase R&D support for clean technologies in an effort to meet its net-zero target by 2050. The opportunity cost of such programs crucially depends on the value of knowledge spillover...Read more...

Journal article

Education Economics:

A comparison of earnings related to higher technical and academic education

Not much is known about higher technical education in England, but current education policy looks positively at it to improve labour productivity and social mobility. We provide updated estimates of individual earnings d...Read more...

Journal article

Research Policy:

Innovative events: product launches, innovation and firm performance

In this paper, we shed new light on the links between firm-level innovation and growth. We introduce data that capture a difficult-to-observe aspect of firms' innovative activity ? new product/service launches ? at scale...Read more...

Blog

LSE Business Review:

When oligopolies confuse consumers, beware the rise of confusopoly

Confusing consumers can be profitable for companies, in particular in a competitive market where they can hardly increase their prices without losing their consumers. Ambre Nicolle, Christos Genakos, and Tobias Kretschme...Read more...

Blog

What Works Centre for Local Economic Growth:

Monitoring and evaluating during the Covid-19 recovery

Helene Donnat summarises the discussion from the What Works Growth's fifth Economic Recovery workshop, exploring the challenges places are facing in undertaking good quality monitoring and evaluation....Read more...

CEP discussion paper

AI-tocracy

Can frontier innovation be sustained under autocracy? We argue that innovation and autocracy can be mutually reinforcing when: (i) the new technology bolsters the autocrat's power; and (ii) the autocrat's demand for the ...Read more...

CEP discussion paper

Strategic confusopoly: evidence from the UK mobile market

Do firms strategically confuse their customers? Using a detailed dataset covering virtually all mobile phone tariffs and their handsets in the UK between January 2010 and September 2012, we examine the co-evolution of pr...Read more...

CEP discussion paper

Intangibles and industry concentration: supersize me

This paper presents new evidence on the growing scale of big businesses in the United States, Japan and 11 European countries. It documents a broad increase in industry concentration across the majority of countries and ...Read more...

CentrePiece article

Green growth

Many countries have plans for a 'green recovery' from the pandemic. Anna Valero reviews 30 years of CEP research into how environmental and industrial policies can be combined to achieve economic growth that is strong, s...Read more...

CEP discussion paper

Data-intensive innovation and the State: evidence from AI firms in China

Artificial intelligence (AI) innovation is data-intensive. States have historically collected large amounts of data, which is now being used by AI firms. Gathering comprehensive information on firms and government procur...Read more...

Blog

VoxEU:

Trade protection along supply chains: the negative effects of tariffs on downstream sectors

In a world in which production processes are fragmented across countries, the effects of tariffs propagate along supply chains, with firms in downstream industries suffering from protection upstream. This column studies...Read more...

Journal article

Review of Economic Studies:

A reply to Campbell and Mau

In Bloom et al. (2016, Bloom, Draca and Van Reenen (BDVR)), we have a set of nine results on the impact of Chinese trade. The first three showed that Chinese trade increased technical change in European firms measured by...Read more...

Journal article

Journal of Economic Behavior and Organization:

The long-lasting effects of family and childhood on adult wellbeing: evidence from British cohort data

To what extent do childhood experiences continue to affect adult wellbeing over the life course? Previous work on this link has been carried out either at one particular adult age or for some average over adulthood. We h...Read more...

Journal article

Labour Economics:

Gender gaps and the structure of local labor markets

In this paper we discuss some strands of the recent literature on the evolution of gender gaps and their driving forces. We will revisit key stylized facts about gender gaps in employment and wages in a few high-income c...Read more...

Blog

Economics Observatory:

Which firms and industries have been most affected by Covid-19?

Almost all UK businesses have been badly affected by the spread of Covid-19, but some industries have been hit harder than others. Financial market data and surveys of firms themselves provide insights into the scale of ...Read more...

Journal article

Information Processing and Management:

Machine learning classification of entrepreneurs in British historical census data

This paper presents a binary classification of entrepreneurs in British historical data based on the recent availability of big data from the I-CeM dataset. The main task of the paper is to attribute an employment status...Read more...

Journal article

Heliyon:

Estimating the impact of the Internet of Things on productivity in Europe

The Internet of Things (IoT) refers to interconnected devices and objects that collect and transmit data via the Internet. The IoT is an evolving technology, promising to revolutionise industries, but also demanding far-...Read more...

CEP discussion paper

A survey of gender gaps through the lens of the industry structure and local labor markets

In this paper we discuss some strands of the recent literature on the evolution of gender gaps and their driving forces. We will revisit key stylized facts about gender gaps in employment and wages in a few high-income c...Read more...

Journal article

World Trade Review:

Reopening Pandora's box in search of a WTO-compatible industrial policy? The Brazil-taxation dispute

We critically assess the Appellate Body (AB) report on the Brazil-Taxation dispute, taken to the World Trade Organisation by the European Union and Japan, and encompassing seven different Brazilian industrial programmes ...Read more...

Journal article

Quarterly Journal of Economics:

Measuring aggregate price indices with taste shocks: theory and evidence for CES preferences

We develop an approach to measuring the cost of living for CES preferences that treats demand shocks as taste shocks that are equivalent to price shocks. In the presence of relative taste shocks, the Sato-Vartia price in...Read more...

CEP discussion paper

Industry concentration in Europe and North America

This report presents new evidence on industry concentration trends in Europe and in North America. It uses two novel data sources: representative firm-level concentration measures from the OECD MultiProd project, and bus...Read more...

CEP discussion paper

Reopening Pandora's box in search of a WTO-compatible industrial policy? The Brazil-taxation dispute

The Brazil-Taxation dispute concerns the complaints taken to the World Trade Organisation by the European Union and Japan against seven different Brazilian industrial subsidy programmes. One concerned the automotive sect...Read more...

CVER Research Paper

The value of progression in further education

In this study, we investigate the value of progression associated with different vocational qualifications disaggregated by subject area of study. Previous analyses of labour market outcomes by subject of study demonstra...Read more...

CVER Research Paper

Labour market outcomes disaggregated by subject area using the Longitudinal Education Outcomes (LEO) data

In this paper, we investigate the relationship between labour market outcomes and vocational qualifications disaggregated by subject area of study. Using individuals holding vocational qualifications in any subject at th...Read more...

CVER Research Paper

A comparison of earnings related to higher level vocational/technical and academic education

Using rich administrative data for a full cohort of English secondary school leavers (2002/03 academic year), we compare earnings of people with higher vocational/technical qualifications to the earnings of degree holder...Read more...

Blog

CVER Blog:

Higher vocational education: An alternative to degrees?

A detailed picture of earnings effects of university degrees is emerging, but not much is known about the benefits of higher vocational education. A recent report by the IFS provides evidence on the extensive earnings b...Read more...

CEP discussion paper

Innovative events

We take a fresh look at firms? innovation-productivity linkages, using novel data capturing new aspects of innovative activity. We combine UK administrative microdata, media and website content to develop experimental me...Read more...

Journal article

Urban Studies:

Does the law of one price hold for hedonic prices?

Hedonic prices of locational attributes in urban land markets are determined by a process of spatial arbitrage that is similar to that which underpins the law of one price. If hedonic prices deviate from their spatial eq...Read more...

Journal article

Journal of the European Economic Association:

War, migration and the origins of the Thai sex industry

This paper analyzes the determinants behind the spatial distribution of the sex industry in Thailand. We relate the development of the sex industry to an early temporary demand shock, that is, US military presence during...Read more...

Journal article

The Economic Journal:

The time value of housing: historical evidence on discount rates

Most London housing transactions involve trading long leases of varying lengths. We exploit this to estimate the time value of housing ? the relationship between the price of a property and the term of ownership ? over a...Read more...

CVER Research Paper

Settling the counterfactual debate: Is there a preferable counterfactual when estimating the returns to vocational qualifications?

Using information from the Longitudinal Education Outcomes (LEO) data set, it is now possible to compare the characteristics and estimates for learners with different qualifications encompassing both types of counterfact...Read more...

Journal article

The Economic Journal:

The distribution of talent across contests

Do the contests with the largest prizes attract the most able contestants? To what extent do contestants avoid competition? We show that the distribution of abilities is crucial in determining contest choice. Complete so...Read more...

CVER Briefing Note

Further analysis of the earnings differentials associated with BTECs

We analyse whether there is an earnings differential associated with having a BTEC qualification as a young person?s highest qualification. Previous analyses of wage differentials using survey data on a sample of all wor...Read more...

CVER Research Paper

The Payoff to Vocational Qualifications: Reconciling Estimates from Survey and Administrative Data

This paper takes as a starting point the wage/earnings differentials associated with vocational qualifications that have been estimated in the literature. Two distinct parts of that literature are identified, using surve...Read more...

CVER Research Paper

The earnings differentials associated with vocational education and training using the Longitudinal Education Outcomes data

For the first time, the matched Longitudinal Education Outcomes has been made available for analysis of qualification attainment and labour market outcomes in England. Using comprehensive information from different schoo...Read more...

Blog

LSE British Politics and Policy:

Where industry is strong and where it?s weak ? key facts of UK business geography

Financial services aren?t as London-centric as the creative industries, and the coast-inland divide is growing, write Sandra Bernick, Richard Davies, and Anna Valero. The UK?s financial services industry is not nearly as...Read more...

Journal article

Journal of Technology Transfer:

Academic inventors: collaboration and proximity with industry

This paper addresses a number of fundamental research questions on university-industry (U-I) collaborations. Are U-I collaborations intrinsically different from other forms of collaboration, such as inter-firm or inter-u...Read more...

CEP discussion paper

The long-lasting effects of family and childhood on adult wellbeing: evidence from British cohort data

To what extent do childhood experiences continue to affect adult wellbeing over the life course? Previous work on this link has been carried out either at one particular adult age or for some average of adulthood. We her...Read more...

CEP discussion paper

War, migration and the origins of the Thai sex industry

This paper analyzes the determinants behind the spatial distribution of the sex industry in Thailand. We relate the development of the sex industry to an early temporary demand shock, i.e., U.S. military presence during ...Read more...

Journal article

The Economic Journal:

Longitudinal evidence for a midlife nadir in human well-being: results from four data sets

There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well-being (a `U shape?). Yet no genuinely longitudinal inquiry has uncovered evidence for a U-shaped pattern...Read more...

CEP discussion paper

The loss of production work: evidence from quasi-experimental identification of labour demand functions

This paper examines changes in the structure of labour demand in plant-level panel data. I exploit variation in wages across local labour markets induced by the collapse of Finland?s Soviet-dependent industry in the earl...Read more...

Journal article

Annual Review of Economics:

The evolution of gender gaps in industrialized countries

Women in developed economies have made major advancements in labor markets throughout the past century, but remaining gender differences in pay and employment seem remarkably persistent. This article documents long-run t...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Geography of City Liveliness and Land Use Configurations: Evidence from Location-Based Big Data in Beijing

This paper explores the complexity in the connection between city liveliness and land use configurations for housing and consumption amenities. The sources of this complexity are captured by an integrated spatial and tem...Read more...

CentrePiece article

In brief... Bargain hunters: calculating the benefits of consumer search

To what extent can shoppers convert the time they spend looking for particular products into monetary savings? The authors use electronic tags to study the behaviour of 12,000 consumers in a large supermarket in Northern...Read more...

CEP discussion paper

Rethinking deindustrialization

Manufacturing in high-income countries is on the decline and Denmark is no exception. Manufacturing employment and the number of firms have been shrinking as a share of the total and in absolute levels. This paper uses a...Read more...

CEP discussion paper

The evolution of gender gaps in industrialized countries

Women in developed economies have made major inroads in labor markets throughout the past century, but remaining gender differences in pay and employment seem remarkably persistent. This paper documents long-run trends i...Read more...

Journal article

Journal of Political Economy:

Carbon taxes, path dependency, and directed technical change: evidence from the auto industry

Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between ?dirty? (internal combustion engine) and ?clean? (e.g., electric, ...Read more...

External report

Measuring competitiveness in Europe: resource allocation, granularity and trade:

The importance of micro data in assessing aggregate outcomes

In recent years, researchers and policymakers have been able to use sophisticated databases to provide insightful economic analysis. The increasing variety of available microeconomic databases and the improvement in the ...Read more...

CEP occasional paper

International data on measuring management practices

We examine methods used to survey firms on their management and organizational practices. We contrast the strengths and weaknesses of ?open ended questions? (like the World Management Survey) with ?closed questions? (lik...Read more...

Journal article

The Economic Journal:

Immigration, housing discrimination and employment

We use a new data set on Italy and a novel identification strategy to analyse the relationship between migrants' employment status and the percentage of non-Italians living nearby. Our data contain information at the ver...Read more...

CEP discussion paper

Media, markets and institutional change: evidence from the protestant reformation

This research studies the role of competition in the diffusion of radical ideas and institutional change during the Protestant Reformation. We construct a new measure of religious content in the media using data on all k...Read more...

Journal article

Journal of International Economics:

Spatial exporters

In this paper, we provide causal evidence that firms serve new markets which are geographically close to their prior export destinations with a higher probability than standard gravity models predict. We quantify the imp...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Time Value of Housing: Historical Evidence from London Residential Leases

Most housing transactions in London involve trading long leases of varying lengths. We exploit this feature to estimate the time value of housing --- the relationship between the value of a property and the length of tim...Read more...

CEP occasional paper

Mapping information economy businesses with big data: findings for the UK

Governments around the world want to develop their ICT and digital industries. Policymakers thus need a clear sense of the size and characteristics of digital businesses, but this is hard to do with conventional datasets...Read more...

CentrePiece article

Fiat Chrysler and the future of industry

Machines cannot fully replace people even in a high-tech industry like car-making. That is one of the conclusions of research which uses the example of the newly merged transatlantic car-maker Fiat Chrysler to debunk a n...Read more...

CEP discussion paper

Consumer search: evidence from path-tracking data

We estimate the effect of consumer search on the price of the purchased product in a physical store environment. We implement the analysis using a unique data set obtained from radio frequency identification tags, which ...Read more...

CEP discussion paper

Benford's law, families of distributions and a test basis

Benford's Law is used to test for data irregularities. While novel, there are two weaknesses in the current methodology. First, test values used in practice are too conservative and the test values of this paper are more...Read more...

CEP report

Internationalization and Innovation of Firms: Evidence and Policy

We use a representative and cross-country comparable sample of manufacturing firms (EFIGE) to document patterns of interaction among firm-level internationalization, innovation and productivity across seven European coun...Read more...