Estimating Intergenerational and Assortative Processes in Extended Family Data 26 August 2022 M. Dolores Collado, Ignacio Ortuño-Ortín and Jan StuhlerWe quantify intergenerational and assortative processes by comparing different degrees of kinship within the same generation.
Estimation of Discrete Games with Weak Assumptions on Information 12 August 2022 Lorenzo Magnolfi and Camilla RoncoroniWe propose a method to estimate static discrete games with weak assumptions on the information available to players.
Data-intensive Innovation and the State: Evidence from AI Firms in China 5 August 2022 Martin Beraja, David Y. Yang and Noam YuchtmanDeveloping AI technology requires data. In many domains, government data far exceeds in magnitude and scope data collected by the private sector, and AI firms often gain access to such data when providing services to the state.
Wealth Dynamics in Communities 5 August 2022 Daniel Barron, Yingni Guo and Bryony ReichThis paper develops a model to explore how favor exchange influences wealth dynamics. We identify a key obstacle to wealth accumulation: wealth crowds out favor exchange.
We are all behavioral, more or less: A taxonomy of consumer decision making 26 July 2022 Victor Stango and Jonathan ZinmanWe examine how 17 behavioral biases relate to each other, to three standard measures of risk and time preferences, to cognitive skills, personality, and demographics, and to outcomes in household finance, well-being, and health.
Infrequent Random Portfolio Decisions in an Open Economy Model 26 July 2022 Philippe Bacchetta, Eric van Wincoop and Eric R. YoungWe introduce a portfolio friction in a two-country DSGE model where investors face a constant probability to make new portfolio decisions.
Sentimental Business Cycles 22 July 2022 Andresa Lagerborg, Evi Pappa and Morten O. RavnWe estimate the dynamic causal effects of consumer sentiment shocks in the US.
Reputation Building under Observational Learning 22 July 2022 Harry PeiA patient seller interacts with a sequence of myopic consumers.
