The widespread expansion of online markets in the past decade poses several questions for platforms, firms and customers alike. An important dimension to be explored in this domain is the provision of information on e-commerce platforms - given the increasing ease with which product pages can be customized to include a vast variety of content, how do these pieces of information interact? Further, what are the specific channels through which this information eventually influences consumer decision-making? My dissertation is situated in this space, and aims to look at how consumers respond to various “cues” that are being introduced by e-commerce platforms which offer products or services that can be purchased online, and how these cues might eventually influence decision-making. In my first dissertation project, the cue I focus on is user generated content. More specifically, I study how the introduction of the Q&A technology (which enables customers to ask product-specific questions before purchase, and receive answers either from other customers or the platform itself) affects the more widely established reviews and ratings feature on e-commerce platforms. I find that the addition of Q&As leads to better matches between customers and products, higher customer satisfaction, and resultantly higher ratings. My second project examines another cue that is common in online markets, which is the advertised reference price. My goal in this project is to examine how users react to a specific variant of such prices, namely the “Starting from...” price, using data from a large scale field experiment conducted on Holidu.com. My results indicate that raising “From” prices gives users a more accurate price estimate, but it negatively impacts outbound clicks and other engagement metrics. Taken together, the two projects aim to shed light on factors that influence consumer decision-making in an e-commerce setting, and the possible mechanisms underlying this influence.

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<p>This dissertation is an ethnography of local entrepreneurship in the TibetoNepalese carpet industry in Kathmandu, Ward 6 (Boudha) and the Jorpati Village Development Committee, Nepal. This industry achieved dramatic growth during the last decade, after European carpet buyers developed with Tibetan refugee exporters a hybrid 'Tibetan' carpet that combined European design with Tibetan weaving technique. As a result, thousands of Tibetan and Nepalese entrepreneurs came to occupy a new economic niche that was a creation of global commercial forces.</p> <p>This study is an analysis of survey and ethnographic-data from among three hundred carpet manufactories. My primary research consultants were the entrepreneurs (saahu-ji) who operated at a time when the industry was subject to international criticism about the abuse of child labour. Many earlier reports claimed that up to one half of all carpet labourers were children, but I found that by 1995 they were employed only infrequently, as a market downturn placed a premium on skilled weavers. The 'off season', as this market reduction is locally known, and the problem of child labour provides a temporal frame for this analysis.</p> <p>For a theoretical framework, Pierre Bourdieu's 'economy of practices' is used to interpret the data; in particular, I use the concept of social capital to explore the reproduction of ethnic, regional and kinship-based networks in the carpet weaving labour market. Carpet entrepreneurs view weaving labour as a risky resource that requires socially legitimate expertise to master. Child labour is often thought to be such a resource in developing craft industries, but in this case child labour was more an artifact of European demand than a traditional exploitative practice.</p> / Doctor of Philosophy (PhD)

Extreme poverty remains a persistent problem across the globe. Academics, practitioners, politicians and activists have sought ways to address this persistent problem. Traditional approaches to dealing with endemic poverty have centered around international aid and trade. The band aid approach of using aid alone to alleviate poverty has, at best, been ineffectual. International trade has also often been used as a means to increase the economic standing of an impoverished country. Trade has the potential to increase a country's economic position (e.g., gross domestic product) however it does not necessarily reduce poverty. It has become apparent that more effect means of reducing poverty are needed. In recent years, several bottom-up alternative approaches have emerged. Fair Trade is one such approach that seeks to balance the inequalities of traditional trade and provide a market where those on the bottom can participate more fully and fairly in economic enterprise. This study investigates the state of the alternative form of trade known as Fair Trade. Specifically, this study examines the development, functioning, and sustainability of the North American Fair Trade market. Realistically speaking, Fair Trade, which accounts for only a very small percentage of global trade, currently does not appear to be a replacement for traditional free trade. However, this study investigates if the Fair Trade market has the potential to become an important component of general efforts (e.g., by the United Nations and World Bank) to raise the living standards of the world's poor and function as an alternative market to the traditional free trade market. Two key areas of the market were examined in this study to ascertain the sustainability of the Fair Trade market. Specifically, the financial sustainability of the Fair Trade market was assessed. Quantitative data on sales and growth of Fair Trade goods over the past several decades was compiled to illustrate the relative significance and the future prospects of this market's financial status. These data were supplemented with an analysis of the financial records of available years of operation from a sample of Fair Trade businesses. Also, the organizational structure of the Fair Trade market was examined to ascertain the operational sustainability of the market. Organizational data were compiled to identify the business choices made by Fair Trade businesses. Results suggest that financially the North American Fair Trade market is growing at or above the pace of comparable non-Fair Trade businesses. Further, this study highlights a distinct and largely self sustaining organizational structure of the North American Fair Trade market. / Sociology

This dissertation consists of three essays on housing markets and monetary policy. The first essay focuses on the impact of monetary policy on U.S. local housing markets and finds that monetary policy has uneven impacts on local housing markets, and that the magnitude of the impacts are correlated with housing supply regulations. The second essay studies the optimal interest rate rule in a DSGE model with housing market spillovers and finds that the optimal interest rate rule responds to house price inflation even when the stabilization of house price is not among the objectives of the policymaker. The third essay is the core of this dissertation. I construct a dynamic stochastic general equilibrium (DSGE) model in this paper to study the fluctuations in the U.S. housing markets. The model features a market for newly built houses, a secondary market for old houses, and an endogenous term structure of nominal interest rates. Negative technological progress in the housing sector explains the upward trend in house prices over the past four decades. Housing preference and technology innovations explain about 80% of the volatility of housing investment, real price of new houses, and the old-to-new house price ratio. Monetary factors explain about 15% of the volatility of housing investment, but do not significantly contribute to the price fluctuations of either new or old houses. The preference innovation to old houses is the leading determinant of the run-up in the price of old houses relative to the price of new houses during the 10-year period before the Great Recession. The term structure is endogenous in this paper, and the intertemporal preference innovation makes a non-negligible contribution to the variations in nominal interest rates. Housing market conditions do not contribute much to the fluctuations of interest rates, but significantly affect the shape of the yield curve. / Ph. D.

This study analyzes the wage and non-wage factors underlying non-metropolitan-to-metropolitan commuting decisions of households in five non-metropolitan counties in Northern Virginia. The potential fiscal and planning implications of these decisions are also discussed. Chapter one contains a description of the study area, problem statement and objectives. Chapter two reviews related literature on commuting, housing and job location, as well as rent and wage gradients. Chapter three provides a theoretical framework for analyzing household commuting decisions. Chapter four presents descriptive statistics, and introduces a switching regression system of equations to simultaneously estimate factors influencing commuting decisions and earnings in non-metropolitan and metropolitan labor markets. Chapter five reports the regression results, and simulates wage gaps and the distance of the metropolitan labor market draw for different groups of workers. Chapter six discusses potential fiscal implications of commuting and potential policies to manage growth in commuting. The empirical result shows that the major incentive for workers to commute is a large age gap between metropolitan and non-metropolitan labor market areas. Household responsibilities, housing preference and ability to find local jobs represent non-wage factors underlying commuting decisions. Two study findings suggest that the local fiscal implications of non-metropolitan-to-metropolitan commuting households may be limited. First, commuting households are found to have fewer school-aged children, and require less local expenditures on education. Second, commuting households are more likely to be homeowners, have more rooms in their homes, and provide a larger tax base. / Master of Science

Yes / This study investigates how buyer-supplier interfirm networks with foreign affiliates affect the internationalization of local firms in developing countries. In a study of 1601 sub-Saharan African manufacturing firms, we find that foreign supply linkages positively influence firm internationalization, but this does not relate to marketing linkages. We further examine the role of absorptive capacity and find that both potential and realized absorptive capacity has positive and independent effects on firm internationalization. However, potential absorptive capacity has no moderating effect and realized absorptive capacity negatively moderates the relationship between foreign supplying networks and internationalization. Finally, implications for public policy and managerial practice are discussed.