Accepted Papers

Optimal Feedback in Contests

23 October 2022

Jeffrey C. Ely, George Georgiadis, Sina Khorasani, and Luis Rayo

We obtain optimal dynamic contests for environments where the designer monitors effort through coarse, binary signals—Poisson successes—and aims to elicit maximum effort, ideally in the least amount of time possible, given a fixed prize.

Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts

23 October 2022

Simon Anderson, Alicia Baik and Nathan Larson

We study list price competition when firms can individually target consumer discounts (at a cost) afterwards, and we address recent privacy regulation (like the GDPR) allowing consumers to choose whether to opt-in to targeting.

Liquidity and Exchange Rates: An Empirical Investigation

16 October 2022

Charles Engel and Steve Pak Yeung Wu

We find strong empirical evidence that the liquidity yield on government bonds in combination with standard economic fundamentals can well account for nominal exchange rate movements.

Agenda-manipulation in ranking

16 October 2022

Gregorio Curello and Ludvig Sinander

We study the susceptibility of committee governance (e.g. by boards of directors), modelled as the collective determination of a ranking of a set of alternatives, to manipulation of the order in which pairs of alternatives are voted on—agenda-manipulation.

Screening with Frames: Implementation in Extensive Form

16 October 2022

Franz Ostrizek and Denis Shishkin

We study a decision-framing design problem: a principal faces an agent with frame-dependent preferences and designs an extensive form with a frame at each stage.

Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work

16 October 2022

Giulia Giupponi and Camille Landais

Short time work (STW) policies provide subsidies for hour reductions to workers in firms experiencing temporary shocks.

Optimal Corporate Taxation Under Financial Frictions

9 October 2022

Eduardo Dávila and Benjamin Hébert

This paper studies the optimal design of corporate taxes when firms have private information about future investment opportunities and face financial constraints.

Career Spillovers in Internal Labor Markets

2 October 2022

Nicola Bianchi, Giulia Bovini, Jin Li, Matteo Paradisi and Michael Powell

This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities.

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Version 2.0 of the National Elections Database is online!
We now cover presidential and parliamentary elections 1789–2023, extending the post-1945 data of Electoral Turnovers @RevEconStudies (https://academic.oup.com/restud/advance-article/doi/10.1093/restud/rdae108/7899604).
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``Many networks naturally form as people come together to form subgraphs, e.g. as coauthors of a paper, or other teams. This is the basis for a new, computationally tractable method of estimating network formation."

From Chandrasekhar & @JacksonmMatt:

https://www.restud.com/a-network-formation-model-based-on-subgraphs/

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Recently accepted to #REStud, ``Simultaneous Search and Adverse Selection," from Auster, Gottardi and Wolthoff @rpwolthoff:

https://www.restud.com/simultaneous-search-and-adverse-selection/

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Recently accepted to #REStud, ``Affiliated Common Value Auctions with Costly Entry," from Murto & Välimäki:

https://www.restud.com/affiliated-common-value-auctions-with-costly-entry/

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Optimal Feedback in Contests

Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts

Liquidity and Exchange Rates: An Empirical Investigation

Agenda-manipulation in ranking

Screening with Frames: Implementation in Extensive Form

Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work

Optimal Corporate Taxation Under Financial Frictions

Career Spillovers in Internal Labor Markets

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