Accepted Papers

“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium

4 December 2022

Michael J. Böhm, Daniel Metzger, and Per Strömberg

Financial sector wages have increased extraordinarily over the last decades. We address two potential explanations for this increase: (1) rising demand for talent and (2) firms sharing rents with their employees.

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.

The Review of Economic Studies Follow

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

Supply-side climate policies in the oil market: Higher taxes reduce exploration and discoveries. If only OECD countries adopt this policy, 47–73% is offset by non-OECD countries.

New paper by @AhlvikLassi, @jorgenja, Hamang, & @tfharding:

https://www.restud.com/quantifying-supply-side-climate-policies/

#REStud
#EconX

Reply on Twitter 2039323089557692516 Retweet on Twitter 2039323089557692516 17 Like on Twitter 2039323089557692516 22 Twitter 2039323089557692516

"We prove a CLT for strategic network formation with homophilous agents. This enables inference on statistics derived from a single large network. We discuss practical procedures."

New Paper by Leung & Moon:

https://www.restud.com/normal-approximation-in-large-network-models/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2034586724051857572 Retweet on Twitter 2034586724051857572 9 Like on Twitter 2034586724051857572 27 Twitter 2034586724051857572

"A new theory on how regional shocks affect aggregate welfare—applied to US highway network improvements—unpacking how and why it deviates from the Fogel/Hulten characterization."

New paper by @MiyauchiYuhei, @EricDonald, & Fukui:

https://www.restud.com/unpacking-aggregate-welfare-in-a-spatial-economy/

#REStud

Reply on Twitter 2033827362492625267 Retweet on Twitter 2033827362492625267 11 Like on Twitter 2033827362492625267 61 Twitter 2033827362492625267

New paper by Campos-Mercade, Goette, Graeber, Kellogg, and Sprenger:

https://www.restud.com/de-gustibus-and-disputes-about-reference-dependence/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2033469744192344555 Retweet on Twitter 2033469744192344555 2 Like on Twitter 2033469744192344555 15 Twitter 2033469744192344555