TY - JOUR AU - Szeidl, Ádám AU - Szucs, Ferenc TI - Media Capture Through Favor Exchange JF - ECONOMETRICA J2 - ECONOMETRICA VL - 89 PY - 2021 IS - 1 SP - 281 EP - 310 PG - 30 SN - 0012-9682 DO - 10.3982/ECTA15641 UR - https://m2.mtmt.hu/api/publication/31907674 ID - 31907674 LA - English DB - MTMT ER - TY - JOUR AU - Malmendier, Ulrike AU - Szeidl, Ádám TI - Fishing for fools JF - GAMES AND ECONOMIC BEHAVIOR J2 - GAME ECON BEHAV VL - 122 PY - 2020 SP - 105 EP - 129 PG - 25 SN - 0899-8256 DO - 10.1016/j.geb.2020.03.011 UR - https://m2.mtmt.hu/api/publication/31486411 ID - 31486411 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Bisztray, Márta AU - Koren, Miklós AU - Szeidl, Ádám TI - Learning to import from your peers JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 115 PY - 2018 SP - 242 EP - 258 PG - 17 SN - 0022-1996 DO - 10.1016/j.jinteco.2018.09.010 UR - https://m2.mtmt.hu/api/publication/30308870 ID - 30308870 N1 - Open Access LA - English DB - MTMT ER - TY - JOUR AU - Cai, Jing AU - Szeidl, Ádám TI - Interfirm Relationships and Business Performance JF - QUARTERLY JOURNAL OF ECONOMICS J2 - Q J ECON VL - 133 PY - 2018 IS - 3 SP - 1229 EP - 1282 PG - 53 SN - 0033-5533 DO - 10.1093/qje/qjx049 UR - https://m2.mtmt.hu/api/publication/3424450 ID - 3424450 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Chetty, Ray AU - Sándor, László AU - Szeidl, Ádám TI - The Effect of Housing on Portfolio Choice JF - JOURNAL OF FINANCE J2 - J FINANC VL - 72 PY - 2017 IS - 3 SP - 1171 EP - 1212 PG - 42 SN - 0022-1082 DO - 10.1111/jofi.12500 UR - https://m2.mtmt.hu/api/publication/3265481 ID - 3265481 LA - English DB - MTMT ER - TY - JOUR AU - Raj, Chetty AU - Szeidl, Ádám TI - Consumption Commitments and Habit Formation JF - ECONOMETRICA J2 - ECONOMETRICA VL - 84 PY - 2016 IS - 2 SP - 855 EP - 890 PG - 36 SN - 0012-9682 DO - 10.3982/ECTA9390 UR - https://m2.mtmt.hu/api/publication/3042303 ID - 3042303 LA - English DB - MTMT ER - TY - JOUR AU - Halpern, László AU - Koren, Miklós AU - Szeidl, Ádám TI - Imported inputs and productivity JF - AMERICAN ECONOMIC REVIEW J2 - AM ECON REV VL - 105 PY - 2015 IS - 12 SP - 3660 EP - 3703 PG - 44 SN - 0002-8282 DO - 10.1257/aer.20150443 UR - https://m2.mtmt.hu/api/publication/2978839 ID - 2978839 LA - English DB - MTMT ER - TY - JOUR AU - Kondor, Peter AU - Koren, Miklós AU - Pál, Jenő AU - Szeidl, Ádám TI - Cégek kapcsolati hálózatainak gazdasági szerepe JF - KÖZGAZDASÁGI SZEMLE J2 - KÖZGAZDASÁGI SZEMLE VL - 61 PY - 2014 IS - 11 SP - 1341 EP - 1360 PG - 20 SN - 0023-4346 UR - https://m2.mtmt.hu/api/publication/2768419 ID - 2768419 AB - 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. LA - Hungarian DB - MTMT ER - TY - CHAP AU - Koren, Miklós AU - Hornok, Cecília AU - Szeidl, Ádám ED - Kézdi, Gábor TI - Political Budget Cycles in Hungary and the Visegrad Countries T2 - Incentives, Predictions, Volumes, Prices PB - Central European University, Department of Economics CY - Budapest SN - 9789638982230 PY - 2014 SP - 27 EP - 38 UR - https://m2.mtmt.hu/api/publication/2717573 ID - 2717573 LA - English DB - MTMT ER - TY - JOUR AU - Szeidl, Ádám AU - Mobius, Markus AU - Ambrus, Attila TI - Consumption Risk-sharing in Social Networks JF - AMERICAN ECONOMIC REVIEW J2 - AM ECON REV VL - 104 PY - 2014 IS - 1 SP - 149 EP - 182 PG - 34 SN - 0002-8282 DO - 10.1257/aer.104.1.149 UR - https://m2.mtmt.hu/api/publication/2710293 ID - 2710293 LA - English DB - MTMT ER -