Accepted Papers

Learning from Neighbors about a Changing State

9 November 2022

Krishna Dasaratha, Benjamin Golub, and Nir Hak

Agents learn about a changing state using private signals and their neighbors’ past estimates of the state. We present a model in which Bayesian agents in equilibrium use neighbors’ estimates simply by taking weighted sums with time-invariant weights.

Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation

30 October 2022

Arnaud Costinot and Ivan Werning

Technological change, from the advent of robots to expanded trade opportunities, creates winners and losers. How should government policy respond?

IQ, Expectations, and Choice

26 October 2022

Francesco D'Acunto, Daniel Hoang, Maritta Paloviita, and Michael Weber

We use administrative and survey-based micro data to study the relationship between cognitive abilities (IQ), the formation of inflation expectations, and the consumption plans of a representative male population.

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.

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"How to make decisions that are robust to sampling noise but also to misspecification and related concerns? We analyze this problem as one of minimax regret decision making under partial identification."

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How should regulators target their limit enforcement budgets? We quantify the benefits of linked regulation, where regulators dynamically target plants co-owned with other plants with poor compliance records.

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Learning from Neighbors about a Changing State

Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation

IQ, Expectations, and Choice

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

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