Accepted Papers

Consumer Search and Prices in the Automobile Market

13 July 2022

José Luis Moraga-González, Zsolt Sándor and Matthijs R. Wildenbeest

This paper develops a discrete choice model of demand with optimal sequential consumer search.

Multinomial logit processes and preference discovery: inside and outside the black box

12 July 2022

Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci and Aldo Rustichini

We provide two characterizations, one axiomatic and the other neuro-computational, of the dependence of choice probabilities on deadlines, within the widely used softmax representation

Revealed Price Preference: Theory and Empirical Analysis

1 July 2022

Rahul Deb, Yuichi Kitamura, John K.-H. Quah and Joerg Stoye

To determine the welfare implications of price changes in demand data, we introduce a revealed preference relation over prices.

Hours Constraints, Occupational Choice and Gender: Evidence from Medical Residents

1 July 2022

Melanie Wasserman

Do the long work hours required by many high-paying professions inhibit the entry of women?

Wall Street and Silicon Valley: A Delicate Interaction

1 July 2022

George-Marios Angeletos, Guido Lorenzoni and Alessandro Pavan

Entrepreneurs and venture capitalists are concerned about investors’ beliefs in asset markets because these beliefs shape the value of a potential IPO and the possibility to expand.

Belief Convergence under Misspecified Learning: A Martingale Approach

1 July 2022

Mira Frick, Ryota Iijima and Yuhta Ishii

We present an approach to analyse learning outcomes in a broad class of misspecified environments, spanning both single-agent and social learning

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

1 July 2022

Simon Jäger, Benjamin Schoefer and Josef Zweimüller

We present a test of Coasean theories of efficient separations.

Matching in Dynamic Imbalanced Markets

1 July 2022

Itai Ashlagi, Afshin Nikzad and Philipp Strack

We study dynamic matching in exchange markets with easy- and hard-to-match agents.

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"This paper uses data on banks' private risk assessments to show that banks produce more information in bad times"

New paper by @GregWeitzner & Howes:

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A new paper by @THEdanjlewis & Mertens makes the Stock-Yogo test for weak instruments with multiple HAC robust endogenous regressors, propose tests for bias in a single coefficients, and extend to test general rank deficiency in the first stage

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New paper by @pilossopher, @davide_melc & Lewis estimates the distribution of spending responses to stimulus payments. MPCs are heterogeneous, with observables explaining 8% of the variation, highlighting the crucial role of latent heterogeneity

https://www.restud.com/latent-heterogeneity-in-the-marginal-propensity-to-consume/
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New paper, "Firm Quality Dynamics and the Slippery Slope of Credit Intervention" by @wenhaoli111 & Li shows that direct government and central bank lending can distort firm quality and fuel future interventions.

https://www.restud.com/firm-quality-dynamics-and-the-slippery-slope-of-credit-intervention/

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Consumer Search and Prices in the Automobile Market

Multinomial logit processes and preference discovery: inside and outside the black box

Revealed Price Preference: Theory and Empirical Analysis

Hours Constraints, Occupational Choice and Gender: Evidence from Medical Residents

Wall Street and Silicon Valley: A Delicate Interaction

Belief Convergence under Misspecified Learning: A Martingale Approach

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

Matching in Dynamic Imbalanced Markets

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