Page 34 – The Review of Economic Studies

Ruben Enikolopov has been elected Chair of REStud

New Chair of REStud

9 April 2023

Ruben Enikolopov has been elected Chair of REStud

The Value of Data Records

5 April 2023

Simone Galperti, Jacopo Perego, and Aleksandr Levkun

Many e-commerce platforms use buyers’ personal data to intermediate their transactions with sellers. How much value do such intermediaries derive from the data record of each single individual?

The Economic Geography of Global Warming

2 April 2023

José-Luis Cruz and Esteban Rossi-Hansberg

Global warming is a worldwide and protracted phenomenon with heterogeneous local economic effects. We propose a dynamic economic assessment model of the world economy with high spatial resolution to assess its consequences.

Equilibrium Analysis in Behavioral One-Sector Growth Models

2 April 2023

Daron Acemoglu and Martin Kaae Jensen

Rich behavioral biases, mistakes and limits on rational decision-making are often thought to make equilibrium analysis much more intractable. We establish that this is not the case in the context of one-sector growth models such as Ramsey-Cass-Koopmans or Bewley-Aiyagari models.

Follow the Money

2 April 2023

Marco Grotteria

I study, both empirically and theoretically, the economic and financial consequences of corporate lobbying. Firms lobby politicians to increase their share of government contracts, but political competition creates firm-level risk, inflating their cost of capital and reducing their incentive to invest in research and development (R&D).

Security Design in Non-Exclusive Markets with Asymmetric Information

29 March 2023

Vladimir Asriyan and Victoria Vanasco

We study the problem of a seller (e.g., a bank) who is privately informed about the quality of her asset and wants to exploit gains from trade with uninformed buyers (e.g., investors) by issuing securities backed by her asset cash flows.

Financial Cycles with Heterogeneous Intermediaries

29 March 2023

Nuno Coimbra and Hélène Rey

We develop a dynamic macroeconomic model with heterogeneous financial intermediaries and endogenous entry. Time-varying endogenous macroeconomic risk arises from the risk-shifting behaviour of the cross-section of financial intermediaries.

House Price Dynamics, Optimal LTV Limits and the Liquidity Trap

29 March 2023

Andrea Ferrero, Richard Harrison, and Benjamin Nelson

This paper studies the optimal design of a macro-prudential instrument, a loan-to-value (LTV) limit, and its implications for monetary policy in a model with nominal rigidities and financial frictions.

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Chris Cronin's recent Review of Economic Studies (@RevEconStudies) article, "What Good Are Treatment Effects Without Treatment? Mental Health and the Reluctance to Use Talk Therapy," with Forsstrom and Papageorge, is one of their "featured" articles.

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Recently accepted to #REStud, "Overconfidence and Prejudice," from Heidhues, Kőszegi and Strack:

https://www.restud.com/overconfidence-and-prejudice/

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"Can communities sustain cooperation when players can add or erase signals from their records?
Sufficiently long-lived players can hardly sustain any cooperation, but players w/ intermediate lifespans can sustain some cooperation."

From @harry_toulouse:

https://www.restud.com/community-enforcement-with-endogenous-records/