Cornell University

During the spring semester, in-person concerts, events and lectures that involve outside guests will not be held, per the university’s COVID-19 travel and visitor policy.

Joint Industrial Organization & Applied Microeconomics Workshop: Johannes Stroebel

Wednesday, April 14, 2021 at 11:15am to 12:45pm

Virtual Event

Johannes Stroebel, New York University, Stern

PEER EFFECTS IN PRODUCT ADOPTION(joint w/ Michael Bailey, Drew Johnston, Theresa Kuchler, and Arlene Wong)

Abstract: We use de-identified data from Facebook to study the nature of peer effects in the market for cell phones. To identify peer effects, we exploit variation in friends’ new phone acquisitions resulting from random phone losses. A new phone purchase by a friend has a large and persistent effect on an individual’s own demand for phones of the same brand. While peer effects increase the overall demand for phones, a friend’s purchase of a particular phone brand can reduce an individual’s own demand for phones from competing brands, in particular if they are running on a different operating system.

Dial-In Information

If you are interested participating in this seminar, please email Ulrike Kroeller at uab1@cornell.edu for Zoom information.

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Event Type

Seminar, Class/ Workshop

Tags

economics, EconSeminar, EconIO, EconAppliedMicro

Contact E-Mail

uab1@cornell.edu

Contact Name

Ulrike Kroeller

Speaker

Johannes Stroebel

Speaker Affiliation

New York University, Stern

Open To

Cornell Economics Community - List Serve Members