{"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":"2026-03-05T12:01:17","modified_gmt":"2026-03-05T17:01:17","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If you have trouble accessing any published or unpublished work, please contact me for a copy.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\">Investment and Usage of the Subsea Internet Cable Network<\/a>, with Jihye Jeon. Oct 2025.<\/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 href=\"\/mrysman\/files\/2025\/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, 2025, conditional acceptance at the <em>RAND Journal of Economics.<\/em><\/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>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. Investment and Usage of the Subsea Internet Cable Network, with Jihye Jeon. Oct 2025. International Trade in Data on the Subsea Internet Cable Network, with Jihye Jeon. July 2025, under revision for\u00a0AEJ: Micro An MM Algorithm for Fixed Effects [&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":419,"href":"https:\/\/sites.bu.edu\/mrysman\/wp-json\/wp\/v2\/pages\/12\/revisions\/419"}],"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}]}}