Accepted Papers

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.

Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work

16 October 2022

Giulia Giupponi and Camille Landais

Short time work (STW) policies provide subsidies for hour reductions to workers in firms experiencing temporary shocks.

Optimal Corporate Taxation Under Financial Frictions

9 October 2022

Eduardo Dávila and Benjamin Hébert

This paper studies the optimal design of corporate taxes when firms have private information about future investment opportunities and face financial constraints.

The Review of Economic Studies Follow

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

Under Smooth Diagnostic Expectations overreaction increases smoothly with uncertainty, providing a micro-foundation for key properties of survey data and the business cycle.

New paper by @Francesco_Bia, @CosminIlut, and @hpfilter

https://www.restud.com/smooth-diagnostic-expectations/

#REStud
#EconX

Reply on Twitter 2077409366924263892 Retweet on Twitter 2077409366924263892 7 Like on Twitter 2077409366924263892 40 Twitter 2077409366924263892

New paper by Kwak

https://www.restud.com/when-is-separate-sales-optimal/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2077377391932875126 Retweet on Twitter 2077377391932875126 Like on Twitter 2077377391932875126 14 Twitter 2077377391932875126

New paper by Kaila:

https://www.restud.com/how-do-people-react-to-income-based-fines-evidence-from-speeding-tickets-discontinuities/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2077334277813940432 Retweet on Twitter 2077334277813940432 5 Like on Twitter 2077334277813940432 20 Twitter 2077334277813940432

The UK’s post-1963 Robbins Report university boom brought in less able students from advantaged backgrounds. Future expansions should target talented students facing socioeconomic barriers.

New paper by Ichino, Rustichini, and @giulio_zanella:

https://www.restud.com/college-cognitive-ability-and-socioeconomic-disadvantage-policy-lessons-from-the-uk-in-1960-2004/

#REStud

Reply on Twitter 2077006451751432518 Retweet on Twitter 2077006451751432518 5 Like on Twitter 2077006451751432518 33 Twitter 2077006451751432518

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

Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work

Optimal Corporate Taxation Under Financial Frictions

Follow us