4 papers
Opening Hours and Consumer Behavior: Evidence from GPS Data and Deregulation
Javier D. Donna, Marit Hinnosaar, Toomas Hinnosaar +1
In 2019, North Dakota repealed its Sunday closing law, which had required most non-grocery stores to close between midnight and noon. Using this policy change and consumer GPS data…
Influencer Cartels
Marit Hinnosaar, Toomas Hinnosaar
Social media influencers account for a growing share of marketing worldwide. We demonstrate the existence of a novel form of market failure in the advertising market: influencer ca…
The Limits of Limited Commitment
Jacopo Bizzotto, Toomas Hinnosaar, Adrien Vigier
We study limited strategic leadership. A collection of subsets covering the leader's action space determines her commitment opportunities. We characterize the outcomes resulting fr…
Pricing Novel Goods
Francesco Giovannoni, Toomas Hinnosaar
We study a bilateral trade problem where a principal has private information that is revealed with delay, such as a seller who does not yet know her production cost. Postponing the…