Page 44 – The Review of Economic Studies

The Missing Profits of Nations

22 July 2022

Thomas Tørsløv, Ludvig Wier and Gabriel Zucman

By exploiting new macroeconomic data known as foreign affiliates statistics, we show that affiliates of foreign multinational firms are an order of magnitude more profitable than local firms in a number of low-tax countries.

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

15 July 2022

Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates.

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

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I'm so excited to see this paper coming out in RESTUD.

Fun facts about this paper:
1) Bruno and I had never met in person until after we completed the first draft.
2) It's my first and only paper that was never rejected by a journal.
3) I can now claim to understand macro.

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“A Tale of Two Networks” finally coming out in @RevEconStudies!

Generalizes/applies the Network Oligopoly model from my job market paper (AER 2025) to study the welfare implications of rising common ownership

See my website (link in bio) for the WP version + a non-technical…

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"Common ownership grew dramatically in the US economy from 1995 to 2021. It could raise producer profits at the expense of consumer surplus and lead to a substantial deadweight loss."

Recently accepted paper from @florianederer & @BPellegrino_CBS:

https://www.restud.com/a-tale-of-two-networks-common-ownersh...

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Recently accepted to #REStud, "Counterfactual Identification and Latent Space Enumeration in Discrete Outcome Models," from Gu, Russell and Stringham:

https://www.restud.com/counterfactual-identification-and-lat...

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Posts

The Missing Profits of Nations

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

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

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