{"id":12,"date":"2013-10-01T13:42:30","date_gmt":"2013-10-01T17:42:30","guid":{"rendered":"https:\/\/sites.bu.edu\/mrysman\/?page_id=12"},"modified":"2026-08-31T17:21:56","modified_gmt":"2026-08-31T21:21:56","slug":"research","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/mrysman\/research\/","title":{"rendered":"Research"},"content":{"rendered":"<p><i>If you have trouble accessing any published or unpublished work, please contact me for a copy.<\/i><\/p>\n<p><a href=\"\/mrysman\/files\/2025\/11\/JeonRysman_Oct2025.pdf\"><\/a><a href=\"\/mrysman\/files\/2026\/07\/WASA.pdf\">Empirics of Air Services Agreements: A Structural Model of Network Formation<\/a>, with Philip McCalman, July 2026.<\/p>\n<p><a href=\"\/mrysman\/files\/2026\/07\/chinese-movie-quotas.pdf\">Demand for Performance Goods: Import Quotas in the Chinese Movie Market<\/a>, with Chun-Yu Ho and Yanfei Wang.\u00a0 July, 2026, conditional acceptance at the <em>RAND Journal of Economics.<\/em><\/p>\n<p><a href=\"\/mrysman\/files\/2025\/11\/JeonRysman_Oct2025.pdf\">Investment and Usage of the Subsea Internet Cable Network<\/a>, with Jihye Jeon. Oct 2025, under revision for the <em>Journal of Political Economy.<\/em><\/p>\n<p><a href=\"\/mrysman\/files\/2025\/07\/Trade-in-Data.pdf\">International Trade in Data on the Subsea Internet Cable Network<\/a>, with Jihye Jeon. July 2025, under revision for\u00a0<em>AEJ: Micro<\/em><\/p>\n<p><a href=\"\/mrysman\/files\/2025\/08\/MM_Paper.pdf\">An MM Algorithm for Fixed Effects Multinomial Logit Models<\/a>, with Mingli Chen, Ian Meeker, and Shuang Wang, August 2025. under revision for <em>Quantitative Economics<\/em>. Code is available <a href=\"https:\/\/imeeker.com\/files\/sample_code.zip\">here<\/a>.<\/p>\n<p><a href=\"\/mrysman\/files\/2025\/08\/Empirics_of_Payment_Method_Choice_in_Scanner_Data.pdf\">Understanding Preferences for Payment Cards using Household Scanner Data<\/a>, with Shuang Wang and Krzysztof Wozniak, August 2025.<\/p>\n<p>A Private Internet: Vertical Integration in Internet Infrastructure Investment and Cloud Services, with Jihye Jeon<\/p>\n<p><a href=\"\/mrysman\/files\/2020\/08\/ivs.pdf\">A Framework for Empirical Models of Dynamic Demand<\/a>, with Gautam Gowrisankaran, July 2020.<\/p>\n<p><a href=\"\/mrysman\/files\/2013\/10\/SimulationMomentInequality.pdf\">Moment Inequalities in the Context of Simulated and Predicted Variables<\/a>, with Hiroaki Kaido and Jiaxuan Li, April 2018<\/p>\n<p>Computing Price-Cost Margins in a Durable Goods Environment, with Gautam Gowrisankaran and Grace Yu, March 2017.<\/p>\n<p><a href=\"\/mrysman\/files\/2013\/10\/dynnet02.pdf\">Estimating Network Effects in a Dynamic Environment<\/a>, with Gautam Gowrisankaran and Minsoo Park, March 2014.<\/p>\n<p>Discrete Adjustment Costs, Investment Dynamics, and Productivity Growth: Evidence from Chilean Manufacturing Plants, with Olga Fuentes and Simon Gilchrist<\/p>\n<p>A Structural Model of Network Formation: World Air Services Agreements, with Phil\u00a0McCalman<\/p>\n<p>The next two papers remain on my website because they have a few citations, but are replaced by Rysman, Wang, and Wozniak (2025) and Chen, Meeker, Rysman, and Wang (2025), above.<\/p>\n<p><a href=\"\/mrysman\/files\/2022\/08\/MM_IPP_Payments.pdf\">An MM algorithm for Fixed Effects in Multinomial Models with an Application to Payment Choice in Grocery Stores<\/a>, with Mingli Chen, Shuang Wang and <span>Krzysztof Wozniak, Aug 2022.<\/span><\/p>\n<p><a href=\"http:\/\/people.bu.edu\/mrysman\/research\/grocerypayment.pdf\">Payment Choice with Consumer Panel Data<\/a>, with Michael Cohen, March 2013.<\/p>\n<p><b>Publications:<\/b><\/p>\n<p>Rysman, M., Townsend, R., and Walsh, C. (2026). <a href=\"https:\/\/track.smtpsendmail.com\/9032119\/c?p=W67ebCcpaVyRvdXhwFNMTwQ47RSc_FakpYvqH0lefIMZsGJUTzNrvW8ph6qBeU4S7MO16ZugR1HJuPTEPGYSK3Q3lyFgrkX-xn57jIB66YVAZ2C6rrvnxx8WSGaXIzGu3sG88beR40sAtbLEtF4gML-tRzMFM8zFeSYBxc8tkmFj3SWtpLizcmn8P9yzvkw-L9CBsl3ZHwXkEc76RdBMYXkBCAH0rlMMFYcE6vyIKvfpnmvLxQCdpYL1MrtxWPuCNvXHxL3L1eegP8qennq_ySrXTrsrfikWeYIw5yfSGKwt9lx3WkGMPAkUyV1Rh8Y2qOz7k5rm1-mNLrQ63-Gx6Q==\">Bank Branching Strategies in the 1997 Thai Financial Crisis and Local Access to Credit<\/a>, In Press, <em>Journal of the European Economic Association<\/em>.<\/p>\n<p>Rysman, M., Townsend, R., and Walsh, C. (2026). <a href=\"https:\/\/voxdev.org\/topic\/finance\/long-shadow-1997-financial-crisis-thailand\">The Long Shadow of the 1997 Financial Crisis in Thailand<\/a>, VoxDev.<\/p>\n<p>Hendershott, T., Rysman, M., and Schwabe, R. (2025). <a href=\"https:\/\/doi.org\/10.1016\/j.finmar.2025.100986\">Stock Exchanges as Platforms for Data and Trading<\/a>, <em>Journal of Financial Markets,\u00a0<\/em>75, <span>100986.<\/span><\/p>\n<p>Leong, K., Li, H., Rysman, M. and Walsh, C. (2022). <a href=\"https:\/\/academic.oup.com\/jeea\/article-abstract\/20\/3\/1198\/6517105\">Law Enforcement and Bargaining over Illicit Drug Prices: Structural Evidence from a Gang\u2019s Ledge<\/a>, <em>Journal of the European Economic Association,\u00a0<\/em>20, 1198-1230.<\/p>\n<p>Jullien, B., Pavan, A., and Rysman, M. (2021). <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S1573448X21000078\">Two-sided markets, pricing, and network effects.<\/a> In Ho, K., Hortacsu, A., and Lizzeri, A., editors, <em>Handbook of Industrial Organization, volume 4<\/em>, chapter 7, pages 485\u2013592. Elsevier.<\/p>\n<p>Chiou, L., Kafali, N. and Rysman, M. (2020). <a href=\"https:\/\/doi.org\/10.1016\/j.infoecopol.2020.100867\">Internet Use, Competition, and Geographical Rescoping in Yellow Pages Advertising<\/a>,\u00a0 <em>Information Economics and Policy,\u00a0<\/em>52, #100867.<\/p>\n<p>Rysman, M., Simcoe, T. and Wang, Y. (2020). <a href=\"https:\/\/doi.org\/10.1287\/mnsc.2019.3399\">Differentiation in Adoption of Environmental Standards: LEED from 2000-2010<\/a>,\u00a0<em>Management Science,\u00a0<\/em>66, 4173<span>-4192.<\/span><\/p>\n<p>Chu, C.S. and Rysman, M. (2019). <a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/aer.20140773\">Competition and Strategic Incentives in the Market for Credit Ratings: Empirics of the Financial Crisis<\/a>,\u00a0<em>American Economic Review,\u00a0<\/em>109, 3514-3555.<\/p>\n<p>Rysman, M. (2019). <a href=\"https:\/\/doi.org\/10.1111\/jems.12301\">The Reflection Problem in Network Effect Estimation<\/a>,\u00a0<em>Journal of Economics and Management Strategy,<\/em>\u00a028, 153-158.<\/p>\n<p>Rysman, M. and Schuh, S. (2017). New innovations in payments. In\u00a0Lerner, J. and Stern, S., editors, <em>Innovation Policy and the Economy<\/em>, volume\u00a016. University of Chicago Press.<\/p>\n<p>Koulayev, S., Rysman, M., Schuh, S., and Stavins, J. (2016). <a href=\"https:\/\/doi.org\/10.1111\/1756-2171.12129\">Explaining\u00a0adoption and use of payment instruments by US consumers<\/a>. <em>RAND Journal\u00a0of Economics<\/em>, 47:293\u2013325.<\/p>\n<p>Rysman, M. (2016). <a href=\"\/mrysman\/files\/2019\/12\/FCC-16-54A1.pdf\">Empirics of Business Data Services<\/a>. Appendix B of\u00a0Business Data Services Federal Notice of Proposed Rulemaking, pp 197-243, Federal Communication Commission 16-<br \/>\n54.<\/p>\n<p>Jin, G. and Rysman, M. (2015). Platform pricing at sports cards conventions.\u00a0<em>Journal of Industrial Economics<\/em>, 63:704\u2013735.\u00a0<em><a href=\"http:\/\/people.bu.edu\/mrysman\/research\/single%20homing%20with%20no%20price%20constraint%20v.nb\">(<\/a><a href=\"\/mrysman\/files\/2013\/10\/single-homing-correct.pdf\">Mathematica Code for Appendix<\/a>)<\/em><\/p>\n<p>Rysman, M. and Wright, J. (2014). The economics of payment cards. <em>Review\u00a0of Network Economics<\/em>, 13:303\u2013353.<\/p>\n<p>Greene, C., Rysman, M., Schuh, S., and Shy, O. (2014). Costs and benefits of\u00a0building faster payment systems: The U.K. experience and implications\u00a0for the United States. FRB Boston Current Policy Perspectives 14-5.<\/p>\n<p>Rysman, M. (2013). Exclusionary practices in two-sided markets. In Hawk,\u00a0B. E., editor, Proceedings of the 39th Fordham Competition Law Institute\u00a0International Conference on Antitrust Law and Policy, pages pp. 537\u2013564,\u00a0New York. Juris.<\/p>\n<p>Gowrisankaran, G. and\u00a0Rysman, M. (2012) Dynamics of Consumer Demand for New Durable Goods.\u00a0<i>Journal of Political Economy, 120, <\/i>1173-1219.<b> <\/b><\/p>\n<p>Rysman, M and Simcoe, T. (2011)\u00a0<a href=\"http:\/\/dx.doi.org\/10.1016\/j.telpol.2011.07.003\">A\u00a0NAASTy\u00a0Alternative to RAND Pricing<\/a>.\u00a0<i>Telecommunication Policy, 35, <\/i>1010-1017<\/p>\n<p>Crowe, M., Rysman, M. and Stavins, J. (2010).\u00a0<a href=\"http:\/\/dx.doi.org\/10.2202\/1446-9022.1236\">Mobile Payments in the United States at Retail Point of Sale: Current Market and Future Prospects<\/a>.\u00a0<i>Review of Network Economics 9, <\/i>Article 2.<\/p>\n<p>Mehta, A, Rysman, M. and Simcoe, T. (2010).\u00a0<a href=\"http:\/\/dx.doi.org\/10.1002\/jae.1086\">Identifying the Age Profile of Patent Citations<\/a>.\u00a0<i>Journal of Applied Econometrics<\/i>,\u00a0<i>25, <\/i>1179\u20131204.<\/p>\n<p>De Stefano, M. &amp; Rysman, M. (2010).\u00a0<a href=\"http:\/\/dx.doi.org\/10.1111\/j.1467-9396.2010.00893.x\">Competition Policy as Strategic Trade with Differentiated Products<\/a>.\u00a0<em>Review of International Economics, 18, <\/em>758-771.<\/p>\n<p>Rysman, M. (2010). Consumer payment choice: Measurement topics. In The\u00a0Changing Retail Payments Landscape: What Role for Central Banks? An\u00a0International Payment Policy Conference, pages 61\u201381. Federal Reserve\u00a0Bank of Kansas City.<\/p>\n<p>Rysman, M. (2009).\u00a0The Economics of Two-Sided Markets.\u00a0<em>Journal of Economic Perspectives, 23, <\/em>125-144.\u00a0<a href=\"http:\/\/proquest.umi.com.ezproxy.bu.edu\/pqdweb?did=1844684381&amp;sid=1&amp;Fmt=2&amp;clientId=3740&amp;RQT=309&amp;VName=PQD\">[via\u00a0ProQuest]<\/a><a href=\"http:\/\/dx.doi.org\/10.1257\/jep.23.3.125\"> [via\u00a0Informs]<\/a> <a href=\"http:\/\/www.ingentaconnect.com.ezproxy.bu.edu\/content\/aea\/jep\/2009\/00000023\/00000003\/art00008;jsessionid=4hnr3gg1s6m0g.alice\">[via\u00a0Ingenta]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/27740544\">[via\u00a0JSTOR]<\/a><\/p>\n<p>Rysman, M. &amp; Simcoe, T. (2008).\u00a0Patents and the Performance of Voluntary Standard Setting Organizations.\u00a0<em>Management Science, 54, <\/em>1920-1934.\u00a0<a href=\"http:\/\/proquest.umi.com.ezproxy.bu.edu\/pqdweb?did=1601608511&amp;sid=1&amp;Fmt=2&amp;clientId=3740&amp;RQT=309&amp;VName=PQD\">[via\u00a0ProQuest]<\/a> <a href=\"http:\/\/dx.doi.org\/10.1287\/mnsc.1080.0919\">[via\u00a0Informs]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/30219582\">[via\u00a0JSTOR]<\/a><\/p>\n<p>Greenstein, S. &amp; Rysman, M. (2007).\u00a0<a href=\"http:\/\/www.csio.econ.northwestern.edu\/Papers\/2004\/CSIO-WP-0056.pdf\">Coordination Costs and Standard Setting: Lessons from 56K Modems<\/a>.\u00a0In S. Greenstein &amp; V.\u00a0Stango\u00a0(Eds.),\u00a0<i>Standards and Public Policy.<\/i><i> <\/i>Cambridge University Press.\u00a0123-159.\u00a0 Also: CSIO Working Paper #56, Northwestern University. December, 2004 (This paper is a case study of the 56K modem case at the ITU, which relies heavily on telephone interviews of participants.)<\/p>\n<p>Rysman, M., (2007).\u00a0An Empirical Analysis of Payment Card Usage.\u00a0<i>Journal of Industrial Economics 55, <\/i>1-36.\u00a0<a href=\"http:\/\/dx.doi.org\/10.1111\/j.1467-6451.2007.00301.x\">[via\u00a0Blackwell]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/4622372\">[via\u00a0JSTOR]<\/a><\/p>\n<p>Greenstein, S. and Rysman, M. (2007). Coordination costs and standard\u00a0setting: Lessons from 56k modems. In Greenstrein, S. and Stango, V.,\u00a0editors, Standards and Public Policy, pages 123\u2013159. Cambridge University\u00a0Press.<\/p>\n<p>Rysman, M. and Simcoe, T. (2007). The performance of standard setting\u00a0organizations: Using patent data for evaluation. Journal of IT Standards\u00a0and Standardization Research, 5:25\u201340.<\/p>\n<p>Augereau, A., Greenstein, S. &amp; Rysman, M. (2006).\u00a0Coordination versus Differentiation in a Standards War:\u00a0 The Adoption of 56K Modems.\u00a0<i>RAND Journal of Economics 37, <\/i>887-909.<i>.<\/i><i> <\/i><a href=\"http:\/\/proquest.umi.com\/pqdweb?did=1335567451&amp;sid=1&amp;Fmt=2&amp;clientId=5482&amp;RQT=309&amp;VName=PQD\">[via\u00a0ABI\/Inform]<\/a> <a href=\"http:\/\/vnweb.hwwilsonweb.com\/hww\/jumpstart.jhtml?recid=0bc05f7a67b1790ef048455c0eadfff116541b50f4d9682b157956cb27f5301b4adc27a0b01fe2d3&amp;fmt=P\">[via\u00a0Wilson Web]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/25046279\">[via\u00a0JSTOR]<\/a><\/p>\n<p>Ackerberg, D., &amp; Rysman, M. (2005).\u00a0Unobserved Product Differentiation in Discrete Choice Models: Estimating Price Elasticities and Welfare Effects.<i> RAND Journal of Economics\u00a036,<\/i> 771-788<i>. <\/i><a href=\"http:\/\/proquest.umi.com\/pqdweb?index=0&amp;did=1035888471&amp;SrchMode=1&amp;sid=1&amp;Fmt=6&amp;VInst=PROD&amp;VType=PQD&amp;RQT=309&amp;VName=PQD&amp;TS=1175871380&amp;clientId=3740\">[via\u00a0ABI\/Inform]<\/a> <a href=\"http:\/\/vnweb.hwwilsonweb.com\/hww\/jumpstart.jhtml?recid=0bc05f7a67b1790ef048455c0eadfff180e14c62cf7da769a79ff685fa7bf7f9316043d97d62cbc7&amp;fmt=P\">[via\u00a0WilsonWeb]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/4135256\">[via\u00a0JSTOR]<\/a><i> <\/i>\u00a0 \u00a0<i> <\/i><\/p>\n<p>Busse, M., &amp; Rysman, M. (2005).\u00a0Competition and Price Discrimination in Yellow Pages Advertising.\u00a0<i>RAND Journal of Economics, 36,<\/i> 378-390.\u00a0<a href=\"http:\/\/proquest.umi.com\/pqdweb?index=1&amp;did=928710551&amp;SrchMode=1&amp;sid=1&amp;Fmt=6&amp;VInst=PROD&amp;VType=PQD&amp;RQT=309&amp;VName=PQD&amp;TS=1175871380&amp;clientId=3740\">[via\u00a0ABI\/Inform]<\/a> <a href=\"http:\/\/vnweb.hwwilsonweb.com\/hww\/jumpstart.jhtml?recid=0bc05f7a67b1790ef048455c0eadfff180e14c62cf7da769adc3a8da06a55df4330132f3228a0c97&amp;fmt=P\">[via\u00a0WilsonWeb]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/4135247\">[via\u00a0JSTOR]<\/a><\/p>\n<p>Rysman, M. &amp; Greenstein, S. (2005).\u00a0Testing for Agglomeration and Dispersion.\u00a0<i>Economics Letters,\u00a0 86, <\/i>405-411<i>. <\/i><a href=\"http:\/\/dx.doi.org\/10.1016\/j.econlet.2004.07.021\">[via\u00a0ScienceDirect]<\/a><\/p>\n<p>Rysman, M. (2004).\u00a0Competition\u00a0Between\u00a0Networks: A Study of the Market for Yellow Pages.\u00a0<i>Review of Economic Studies<\/i>,\u00a0<i>71<\/i>, 483-512.<a href=\"http:\/\/dx.doi.org\/10.1111\/0034-6527.00512\">[via Blackwell]<\/a> <a href=\"http:\/\/proquest.umi.com\/pqdweb?index=0&amp;sid=1&amp;srchmode=1&amp;vinst=PROD&amp;fmt=6&amp;startpage=-1&amp;clientid=3740&amp;vname=PQD&amp;RQT=309&amp;did=621163831&amp;scaling=FULL&amp;pmid=28223&amp;ts=1175870362&amp;vtype=PQD&amp;fileinfoindex=share2\/pqimage\/irs4\/20070406103921680\/30524\/out.pdf\">[via ABI\/Inform]<\/a> <a href=\"http:\/\/www.jstor.org\/stable\/3700635\">[via JSTOR]<\/a><\/p>\n<p>Rysman, M. (2001).\u00a0How Many Franchises in a Market?\u00a0<em>International Journal of Industrial Organization, 19, <\/em>519-542.\u00a0<a href=\"http:\/\/dx.doi.org\/10.1016\/S0167-7187(99)00030-2\">[via\u00a0ScienceDirect]<\/a><\/p>\n<p><strong>Older projects<\/strong>:<\/p>\n<p>Rysman, M. (2003).<a href=\"\/mrysman\/files\/2013\/10\/isptheory.pdf\"> Adoption Delay in a Standards War<\/a>.\u00a0\u00a0 (A theoretical paper analyzing the hypothesis put forth in\u00a0Augereau, Greenstein and\u00a0Rysman)<\/p>\n<p><a href=\"\/mrysman\/files\/2013\/10\/compPol.pdf\">Competition Policy as Strategic Trade<\/a>,\u00a0 July\u00a02001.\u00a0\u00a0\u00a0\u00a0 (<a href=\"\/mrysman\/files\/2013\/10\/cpastLemma6Algebra.pdf\">Algebra for Lemma 6<\/a>)\u00a0 This paper has a few citations so I leave it here, but it is largely superseded by the paper with De Stefano available above.<\/p>\n<p><a href=\"\/mrysman\/files\/2013\/10\/14-7547-ISTWEB-439.jpg\"><img loading=\"lazy\" src=\"\/mrysman\/files\/2013\/10\/14-7547-ISTWEB-439-636x423.jpg\" alt=\"\" width=\"636\" height=\"423\" class=\"alignright size-medium wp-image-103\" srcset=\"https:\/\/sites.bu.edu\/mrysman\/files\/2013\/10\/14-7547-ISTWEB-439-636x423.jpg 636w, https:\/\/sites.bu.edu\/mrysman\/files\/2013\/10\/14-7547-ISTWEB-439-1024x681.jpg 1024w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have trouble accessing any published or unpublished work, please contact me for a copy. Empirics of Air Services Agreements: A Structural Model of Network Formation, with Philip McCalman, July 2026. Demand for Performance Goods: Import Quotas in the Chinese Movie Market, with Chun-Yu Ho and Yanfei Wang.\u00a0 July, 2026, conditional acceptance at the [&hellip;]<\/p>\n","protected":false},"author":7882,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/no-sidebars.php","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/pages\/12"}],"collection":[{"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/users\/7882"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":50,"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/pages\/12\/revisions"}],"predecessor-version":[{"id":431,"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/pages\/12\/revisions\/431"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/media?parent=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}