Accepted Papers

The Review of Economic Studies is one of the most highly respected academic journals in the field of economics. It is known for publishing leading research in all areas of economics, from microeconomics to macroeconomics. The journal is published by the Oxford University Press.

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Entry and Profits In An Aging Economy: The Role Of Consumer Inertia

Gideon Bornstein

Over the past four decades, the U.S. economy has seen a decline in the share of young firms alongside a rise in the profit share of GDP. This paper explores how population aging contributes to these twin trends through a demand-side channel. The core hypothesis is that younger households exhibit lower consumer inertia—a tendency to stick with previously chosen products—than older households.

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Machine Learning for Dynamic Incentive Problems

Philipp Renner and Simon Scheidegger

We present a flexible and scalable computational framework integrating machine learning and optimization theory to solve dynamic adverse selection models with persistent private information and many types. Our approach reformulates the model into a numerically tractable structure that bypasses set-valued dynamic programming; we formally prove that, under verifiable conditions, this relaxation yields the solution to the original problem.

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New apper by Atal, Cuesta, & Sæthre

https://www.restud.com/quality-regulation-and-competition-evidence-from-pharmaceutical-markets/

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New paper by Melcangi

https://www.restud.com/the-marginal-propensity-to-hire/

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New paper by Cavenaile, Celik, & Tian

https://www.restud.com/are-markups-too-high-competition-strategic-innovation-and-industry-dynamics/

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Standard NK models find optimal inflation well below 2%, small welfare losses from business cycles and monetary policy is neutral in the long run.

In a new paper, @mirkoabbritti, @egostino and Weber show all three conclusions break with endogenous growth & DNWR.

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