This study quantifies the substantial economic cost of mass shootings on U.S. retail sector using detailed debit/credit card transactions data from individual businesses.

This paper examines how physician recommendations influence patients’ dialysis facility choices, highlighting the impact of conflicts interest and quality information on patient outcomes.

Does hospital advertising influence patient choice and health outcomes? We examine more than 220,000 individual patient-level visits over 24 months in Massachusetts to answer this question. find that patients are positively influenced by advertising; seeing a television advertisement for given makes likely select hospital. also observe significant heterogeneity response depending on insurance status, medical conditions, demographic factors, like age, gender, race. For example, with...

Hospital advertising has grown more than five-fold in the past two decades. However, unlike detailing and for prescription drugs, topic of hospital been understudied. This research introduces a customer-centric view to this market by investigating role patients’ choice high-tech medical procedures, with focus on robotic surgery. The authors analyze approximately 140,000 individual patient records television data from Florida during 2011–2015 investigate how surgery affects over conventional...

Although product advertising has been widely studied and understood in relation to the consumer’s purchase decision, may also have unintended but important societal economic consequences. In this article, authors examine a public health outcome—birth rate—associated with advertisements for erectile dysfunction (ED) drugs. Since United States loosened regulations on direct-to-consumer television prescription drugs 1997, ED drug makers consistently top spenders. By comparing data multiple...

To combat the nationwide opioid epidemic, many states have implemented policies that require prescribers to check a patient's prescription history with Prescription Drug Monitoring Programs (PDMPs) prior initiating or refilling prescriptions. Using difference‐in‐differences approach, we show after mandated PDMP use, prescriptions decreased by 6.1% as intended. However, mandates had unintended effect of driving existing users towards more lethal illicit substitutes such heroin. We found...

This study provides a novel empirical framework to quantify the effect of firm’s unobserved endogenous service on demand, in conjunction with price.

Franchise encroachment, or the addition of an outlet in vicinity existing franchisees, is largely viewed as resulting revenue cannibalization incumbent locations. Against this backdrop, authors consider possibility that same brand outlets can, fact, also create positive effects via customer utility and ultimately benefit due to a range mechanisms such quality signaling, learning, awareness, pathway on franchisee performance. The unpack using experiment detailed proprietary publicly available...

Consumers in high-stakes product markets such as healthcare or finance often rely on experts' recommendations before making a purchase decision. However, how an expert constructs specific set of and it subsequently affects consumer choices outcomes have been understudied. We propose empirical framework that econometrically recovers combines them with heterogeneous consumers' choice products services. then apply the to examine kidney disease patients' dialysis facilities. Using detailed data...

Franchise encroachment, or the addition of an outlet in vicinity existing franchisees, has been contentious, due to revenue cannibalization incumbent franchisee locations. We explore possibility that same brand franchisees can, fact, create positive effects on customer utility and benefit under certain circumstances. unpack this using detailed proprietary publicly available datasets from hotel industry over a five-year period. find evidence utility, stronger for newer brands, cross online...

Global warming has increased the frequency and intensity of extreme climate change events. We study consumer response to a major event by examining case 2018 Camp Fire, most destructive wildfire in California\textquoteright s history. In particular, we investigate how smoke affects purchases sustainable dish soap products combining retail scanner air quality measure data. Exploiting random dispersion induced geographic meteorological conditions, show that stores exposed severe experience an...

This paper examines the role of universal healthcare on patient choice and quality care. Lack health insurance is a leading contributor to emergency department (ED) visits from uninsured. Using natural experiment Massachusetts, we follow previously uninsured individuals over time—both before after implementation healthcare—to study effects availability their seeking behavior. We find that has significant impact type sought by Specifically, are less likely continue visiting ED instead more...

It is well understood that the downstream firm's service can impact performance of vertical channels. While many academic works address provision firm, empirically quantifying has been challenging, because often unobservable to researcher. I propose a new empirical framework incorporates unobserved endogenous by modifying standard demand model. apply this proprietary data from franchise network in car radiator market quantify (e.g., franchisee's) service. Counterfactuals under maximum resale...

Does hospital advertising influence patient choice and health outcomes? We examine more than 220,000 individual patient-level visits over 24 months in Massachusetts to answer this question. find that patients are positively influenced by advertising; seeing a television advertisement for given makes likely select hospital. also observe significant heterogeneity response depending on insurance status, medical conditions, demographic factors like age, gender, race. For example, with...

Consumers in high-stakes product markets such as healthcare or finance often rely on experts' recommendations before making a purchase decision. However, how an expert constructs specific set of and it subsequently affects consumer choices outcomes have been understudied. We propose empirical framework that econometrically recovers experts’ recommendation sets combines them with heterogeneous consumers’ choice products services. then apply the to examine kidney disease patients' dialysis...

Telemedicine has long been of interest to the U.S. general public. Yet, despite advent high-speed internet and mobile device technology, telemedicine did not reach its full potential until COVID-19 pandemic spurred unparalleled adoption. This sudden shift in setting healthcare delivery raises questions regarding possible changes clinical decision-making. Using a unique set patient-provider encounter data from 2020 2021, we examine effect on antibiotic prescription errors for urinary tract...