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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Path dependency in physician decisions

Lawrence Jin, Rui Tang, Han Ye, Junjian Yi, and Songfa Zhong

We examine path dependency in physician decisions in an emergency department setting, and find that physicians’ treatment decisions for the current and previous patients are positively correlated. We show that the positive autocorrelation is higher when the current patient is of greater medical uncertainty or more similar to the previous patient in terms of observed characteristics and when the physician is less experienced or more fatigued.

Exploiting Growth Opportunities: The Role of Internal Labor Markets

Giacinta Cestone, Chiara Fumagalli, Francis Kramarz, and Giovanni Pica

We explore how business groups use internal labor markets (ILMs) in response to changing economic conditions. We show that following the exit of a large industry competitor, group-affiliated firms expand and gain market share by increasing their reliance on the ILM to ensure swift hiring, especially of technical managers and skilled blue collar workers.

Evaluating the accuracy of counterfactuals: Heterogeneous survival expectations in a life cycle model

Jochem de Bresser

This paper shows that individual-level heterogeneity in survival expectations derived from subjective survey information improves the out-of-sample predictions of a dynamic model of retirement and saving. We consider three approaches to modelling survival: life tables, average subjective expectations and individual-specific estimates based on reported survival probabilities.

Market Power in Coal Shipping and Implications for U.S. Climate Policy

Louis Preonas

Economists have widely endorsed pricing CO2 emissions to internalize climate change-related externalities. Doing so would significantly affect coal, the most carbon-intensive energy source. However, U.S. coal markets exhibit an additional distortion: the railroads that transport coal to power plants can exert market power. This paper estimates how coal-by-rail markups respond to changes in coal demand. I identify markups in a major intermediate goods market using both reduced-form and structural methods.

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In their paper, recently accepted to #REStud, Milgrom & Watt @MitchLWatt introduce “Walrasian markup mechanisms”—feasible, nearly efficient, and nearly incentive compatible mechanisms for nonconvex markets using linear prices.

https://www.restud.com/a-walrasian-mechanism-with-markups-for-nonconvex-markets/

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In their paper, recently accepted to #REStud, Frakes @MichaelFrakes2 and Gruber find a reduction in racial health disparities among chronic-disease patients following an increase in the racial diversity of the surrounding medical providers.

https://www.restud.com/the-effect-of-provider-diversity-on-racial-health-disparities-evidence-from-the-military/

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"State schools aimed to secularize Indonesia, but religious schools adapted, competing for students and strengthening Islamic identity instead."

Recently accepted to #REStud, from @samuelbazzi, Hilmy and @benjaminmarx:

https://www.restud.com/religion-education-and-the-state/

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Recently accepted to #REStud, "Homeownership, Polarization, and Inequality," from Andrii Parkhomenko:

https://www.restud.com/homeownership-polarization-and-inequality/

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