00000nam 2200000zi 4500 9.903152 CaOODSP 20221107180150 m o d f cr mn||||||||| 210908t20212021onca ob f000 0 eng d CaOODSP eng rda CaOODSP a-cc--- FB3-5/2021-40E-PDF Jin, Haofeng, author. Measuring the effectiveness of salespeople : evidence from a cold-drink market / by Haofeng Jin and Zhentong Lu. Ottawa, Ontario : Bank of Canada = Banque du Canada, 2021. ©2021 1 online resource (ii, 19 pages) : illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-40 "Last updated: August 20, 2021." Includes bibliographical references (pages 17-19). "Salespeople are widely employed in many industries and are perceived as an effective marketing strategy. However, due to lack of field data, direct empirical evidence on the effectiveness of salespeople is scarce. In this paper, leveraging a unique retail sales data set from a leading Chinese cold-drink manufacturer and information on its implemented salespeople assignment rule, we measure the causal effect of salespeople on product revenue. Our estimation strategy features a non-linear control function approach to address the endogeneity problem in salespeople assignment by exploiting the manufacturer's internal allocation rules. Our results show that the marginal effect of the first salesperson is 16.2 percent and that of the second is 10.6 percent. We provide some evidence on the incentive issues caused by the manufacturer's compensation plan as a possible explanation for the decreasing effect of an additional salesperson"--Abstract, page ii. Beverage industry China Econometric models. Sales personnel China Econometric models. Boissons Industrie Chine Modèles économétriques. Vendeurs Chine Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2021-40. (CaOODSP)9.806221 PDF 588 KB https://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-40-eng.pdf