@article{MTMT:31907674, title = {Media Capture Through Favor Exchange}, url = {https://m2.mtmt.hu/api/publication/31907674}, author = {Szeidl, Ádám and Szucs, Ferenc}, doi = {10.3982/ECTA15641}, journal-iso = {ECONOMETRICA}, journal = {ECONOMETRICA}, volume = {89}, unique-id = {31907674}, issn = {0012-9682}, year = {2021}, eissn = {1468-0262}, pages = {281-310} } @article{MTMT:31486411, title = {Fishing for fools}, url = {https://m2.mtmt.hu/api/publication/31486411}, author = {Malmendier, Ulrike and Szeidl, Ádám}, doi = {10.1016/j.geb.2020.03.011}, journal-iso = {GAME ECON BEHAV}, journal = {GAMES AND ECONOMIC BEHAVIOR}, volume = {122}, unique-id = {31486411}, issn = {0899-8256}, abstract = {We show that common market settings tend to amplify rather than reduce the effect of behavioral biases on prices and other market outcomes. We study two common market mechanisms, auctions and fixed-price markets, and establish three results. First, agents with upward-biased valuations have an amplified effect on market outcomes because markets over-select them relative to their population share. Intuitively, markets "fish for fools." Second, auctions are often more efficient at "fishing" than fixed-price markets because a larger share of biased agents is required for prices to move in the fixed-price setting. Third, sellers respond to this difference and choose the less efficient but more profitable selling mechanism. They may also engage in inefficient complementary actions such as overproducing the good and over-recruiting buyers. We provide evidence from several markets, including eBay, housing markets, and financial markets. (C) 2020 The Authors. Published by Elsevier Inc.}, keywords = {AMPLIFICATION; overbidding; Auctions; Fixed-price markets; Behavioral biases}, year = {2020}, eissn = {1090-2473}, pages = {105-129}, orcid-numbers = {Malmendier, Ulrike/0000-0002-2786-4365} } @article{MTMT:30308870, title = {Learning to import from your peers}, url = {https://m2.mtmt.hu/api/publication/30308870}, author = {Bisztray, Márta and Koren, Miklós and Szeidl, Ádám}, doi = {10.1016/j.jinteco.2018.09.010}, journal-iso = {J INT ECON}, journal = {JOURNAL OF INTERNATIONAL ECONOMICS}, volume = {115}, unique-id = {30308870}, issn = {0022-1996}, year = {2018}, eissn = {1873-0353}, pages = {242-258} } @article{MTMT:3424450, title = {Interfirm Relationships and Business Performance}, url = {https://m2.mtmt.hu/api/publication/3424450}, author = {Cai, Jing and Szeidl, Ádám}, doi = {10.1093/qje/qjx049}, journal-iso = {Q J ECON}, journal = {QUARTERLY JOURNAL OF ECONOMICS}, volume = {133}, unique-id = {3424450}, issn = {0033-5533}, abstract = {We organized business associations for the owner-managers of young Chinese firms to study the effect of business networks on firm performance. We randomized 2,820 firms into small groups whose managers held monthly meetings for one year, and into a "no-meetings" control group. We find the following. (i) The meetings increased firm revenue by 8.1%, and also significantly increased profit, factors, inputs, the number of partners, borrowing, and a management score. (ii) These effects persisted one year after the conclusion of the meetings. (iii) Firms randomized to have better peers exhibited higher growth. We exploit additional interventions to document concrete channels. (iv) Managers shared exogenous business-relevant information, particularly when they were not competitors, showing that the meetings facilitated learning from peers. (v) Managers created more business partnerships in the regular than in other one-time meetings, showing that the meetings improved supplier-client matching.}, year = {2018}, eissn = {1531-4650}, pages = {1229-1282} } @article{MTMT:3265481, title = {The Effect of Housing on Portfolio Choice}, url = {https://m2.mtmt.hu/api/publication/3265481}, author = {Chetty, Ray and Sándor, László and Szeidl, Ádám}, doi = {10.1111/jofi.12500}, journal-iso = {J FINANC}, journal = {JOURNAL OF FINANCE}, volume = {72}, unique-id = {3265481}, issn = {0022-1082}, year = {2017}, eissn = {1540-6261}, pages = {1171-1212} } @article{MTMT:3042303, title = {Consumption Commitments and Habit Formation}, url = {https://m2.mtmt.hu/api/publication/3042303}, author = {Raj, Chetty and Szeidl, Ádám}, doi = {10.3982/ECTA9390}, journal-iso = {ECONOMETRICA}, journal = {ECONOMETRICA}, volume = {84}, unique-id = {3042303}, issn = {0012-9682}, year = {2016}, eissn = {1468-0262}, pages = {855-890} } @article{MTMT:2978839, title = {Imported inputs and productivity}, url = {https://m2.mtmt.hu/api/publication/2978839}, author = {Halpern, László and Koren, Miklós and Szeidl, Ádám}, doi = {10.1257/aer.20150443}, journal-iso = {AM ECON REV}, journal = {AMERICAN ECONOMIC REVIEW}, volume = {105}, unique-id = {2978839}, issn = {0002-8282}, year = {2015}, eissn = {1944-7981}, pages = {3660-3703} } @article{MTMT:2768419, title = {Cégek kapcsolati hálózatainak gazdasági szerepe}, url = {https://m2.mtmt.hu/api/publication/2768419}, author = {Kondor, Peter and Koren, Miklós and Pál, Jenő and Szeidl, Ádám}, journal-iso = {KÖZGAZDASÁGI SZEMLE}, journal = {KÖZGAZDASÁGI SZEMLE}, volume = {61}, unique-id = {2768419}, issn = {0023-4346}, abstract = {A közgazdaságtanban általában a cégekre olyan szereplőkként gondolunk, amelyek csak anonim piaci mechanizmuson keresztül érintkeznek egymással. Ezzel szemben a valóságban a cégek életében fontos szerepet játszanak a gazdaság más, konkrét szereplőivel meglévő kapcsolataik. Tanulmányunkban a vállalati hálózatok közgazdaságtanának elméleti és empirikus irodalmát összegezzük. Az áttekintett művek szerint a vállalati kapcsolatok hálózati jellege pozitív és negatív hatást egyaránt gyakorol a gazdaság egészére. A mikroszintű adatok újszerű vizsgálataiból pedig gazdag kép bontakozik ki a vállalatok viselkedéséről, például a technológiai fejlődés, a hitelezés, az ellátási láncok vagy akár a korrupció szempontjából.* Journal of Economic Literature (JEL) kód: L14, D20, F10, G10, G20.}, year = {2014}, pages = {1341-1360} } @{MTMT:2717573, title = {Political Budget Cycles in Hungary and the Visegrad Countries}, url = {https://m2.mtmt.hu/api/publication/2717573}, author = {Koren, Miklós and Hornok, Cecília and Szeidl, Ádám}, booktitle = {Incentives, Predictions, Volumes, Prices}, unique-id = {2717573}, year = {2014}, pages = {27-38} } @article{MTMT:2710293, title = {Consumption Risk-sharing in Social Networks}, url = {https://m2.mtmt.hu/api/publication/2710293}, author = {Szeidl, Ádám and Mobius, Markus and Ambrus, Attila}, doi = {10.1257/aer.104.1.149}, journal-iso = {AM ECON REV}, journal = {AMERICAN ECONOMIC REVIEW}, volume = {104}, unique-id = {2710293}, issn = {0002-8282}, year = {2014}, eissn = {1944-7981}, pages = {149-182} }