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.

View published articles on Oxford University Press

Multi-Dimensional Screening: Buyer-Optimal Learning and Informational Robustness

Rahul Deb and Anne-Katrin Roesler

A monopolist seller of multiple goods screens a buyer whose type vector is initially unknown to both but drawn from a commonly known prior distribution. The seller chooses a mechanism to maximize her worst-case profits against all possible signals from which the buyer can learn about his values for the goods. We show that it is robustly optimal for the seller to bundle goods with identical demands (these are goods that can be permuted without changing the buyer’s prior type distribution).

Competition and Career Advancement

Julian V. Johnsen, Hyejin Ku, and Kjell G. Salvanes

In standard promotion tournaments, contestants are ranked based on their output or productivity. We argue that workers’ career progression may also depend on their relative rankings in dimensions a priori unrelated to their job performance, such as visibility or in-person presence. Such implicit tournaments may rationalize a variety of seemingly counterproductive practices in the workplace, including long working hours, low uptake of statutory leave, and presenteeism.

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.

Follow us

The Review of Economic Studies Follow

The official account of the Review of Economic Studies, one of the world's top economics journals.

RevEconStudies

New apper by Atal, Cuesta, & Sæthre

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

#REStud
#EconX
#EconTwitter

Reply on Twitter 2112437553475309568 Retweet on Twitter 2112437553475309568 9 Like on Twitter 2112437553475309568 21 Twitter 2112437553475309568

New paper by Melcangi

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

#REStud
#EconX
#EconTwitter

Reply on Twitter 2112077217832316967 Retweet on Twitter 2112077217832316967 9 Like on Twitter 2112077217832316967 57 Twitter 2112077217832316967

New paper by Cavenaile, Celik, & Tian

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

#REStud
#EconX
#EconTwitter

Reply on Twitter 2111040312558649794 Retweet on Twitter 2111040312558649794 14 Like on Twitter 2111040312558649794 48 Twitter 2111040312558649794

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.

1/5

Reply on Twitter 2108101870762017073 Retweet on Twitter 2108101870762017073 28 Like on Twitter 2108101870762017073 122 Twitter 2108101870762017073