Accepted Papers

Estimation of Discrete Games with Weak Assumptions on Information

12 August 2022

Lorenzo Magnolfi and Camilla Roncoroni

We propose a method to estimate static discrete games with weak assumptions on the information available to players.

Data-intensive Innovation and the State: Evidence from AI Firms in China

5 August 2022

Martin Beraja, David Y. Yang and Noam Yuchtman

Developing AI technology requires data. In many domains, government data far exceeds in magnitude and scope data collected by the private sector, and AI firms often gain access to such data when providing services to the state.

Wealth Dynamics in Communities

5 August 2022

Daniel Barron, Yingni Guo and Bryony Reich

This paper develops a model to explore how favor exchange influences wealth dynamics. We identify a key obstacle to wealth accumulation: wealth crowds out favor exchange.

We are all behavioral, more or less: A taxonomy of consumer decision making

26 July 2022

Victor Stango and Jonathan Zinman

We examine how 17 behavioral biases relate to each other, to three standard measures of risk and time preferences, to cognitive skills, personality, and demographics, and to outcomes in household finance, well-being, and health.

Infrequent Random Portfolio Decisions in an Open Economy Model

26 July 2022

Philippe Bacchetta, Eric van Wincoop and Eric R. Young

We introduce a portfolio friction in a two-country DSGE model where investors face a constant probability to make new portfolio decisions.

Sentimental Business Cycles

22 July 2022

Andresa Lagerborg, Evi Pappa and Morten O. Ravn

We estimate the dynamic causal effects of consumer sentiment shocks in the US.

Reputation Building under Observational Learning

22 July 2022

Harry Pei

A patient seller interacts with a sequence of myopic consumers.

Price Discrimination and Public Policy in the U.S. College Market

22 July 2022

Ian Fillmore

In the United States, the federal government grants colleges access to a student’s Free Application for Federal Student Aid (FAFSA) which facilitates substantial price discrimination.

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"Supply disruptions shapes the global internet backbone: new paper shows diversification drives cable entry & surplus, but markets may underprovide diversity."

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"Serfdom in early modern Russia wasn’t inevitable—it was driven by landholding soldiers on the southern frontier. To defend against nomads, the state tied peasants to land, cementing coercive labor."

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"A new method for identifying and estimating consumer preferences when choice sets are constrained due to selection or search, but are not observed"

New paper by Agarwal & Somaini:

https://www.restud.com/demand-analysis-under-latent-choice-constraints/

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Cities surrounded by expensive farmland are denser and agricultural productivity growth has lowered urban density over time in France. Our multi-region structural change framework can explain it.

New paper by Coeurdacier, @teignier & @FlorianOswald

https://www.restud.com/structural-change-land-use-and-urban-expansion/

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Estimation of Discrete Games with Weak Assumptions on Information

Data-intensive Innovation and the State: Evidence from AI Firms in China

Wealth Dynamics in Communities

We are all behavioral, more or less: A taxonomy of consumer decision making

Infrequent Random Portfolio Decisions in an Open Economy Model

Sentimental Business Cycles

Reputation Building under Observational Learning

Price Discrimination and Public Policy in the U.S. College Market

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