Accepted Papers

Data-intensive Innovation and the State: Evidence from AI Firms in China

5 August 2022

Martin Beraja, David Y. Yang and Noam Yuchtman

Developing 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 Reich

This 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 Zinman

We 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. Young

We 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. Ravn

We estimate the dynamic causal effects of consumer sentiment shocks in the US.

Reputation Building under Observational Learning

22 July 2022

Harry Pei

A patient seller interacts with a sequence of myopic consumers.

Price Discrimination and Public Policy in the U.S. College Market

22 July 2022

Ian Fillmore

In the United States, the federal government grants colleges access to a student’s Free Application for Federal Student Aid (FAFSA) which facilitates substantial price discrimination.

When Less is More: Improving Choices in Health Insurance Markets

22 July 2022

Jason Abaluck and Jonathan Gruber

We study the impact of changing choice set size on the quality of choices in health insurance markets.

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“Don’t fear trade... We should not be afraid of engaging in international trade because it creates new opportunities and workers can – and do – take those opportunities.” Article on a new paper in @RevEconStudies.

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Recently accepted to #REStud, "“Bid Shopping” in Procurement Auctions with Subcontracting" from Deneckere and Quint:

https://www.restud.com/bid-shopping-in-procurement-auctions-with-subcontracting/

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"Optimal risk-sharing and distress resolution drive cash flow-based financing. Firms use secured debt, unsecured credit lines, and equity, with bankruptcy procedures boosting financing capacity."

New paper from Hartman-Glaser, Mayer & Milbradt:

https://www.restud.com/a-theory-of-cash-flow-based-financing-with-distress-resolution/

#Finance

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Recently accepted to #REStud, ``Wealth Inequality and Asset Prices'' from Matthieu Gomez:

https://www.restud.com/wealth-inequality-and-asset-prices/

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Data-intensive Innovation and the State: Evidence from AI Firms in China

Wealth Dynamics in Communities

We are all behavioral, more or less: A taxonomy of consumer decision making

Infrequent Random Portfolio Decisions in an Open Economy Model

Sentimental Business Cycles

Reputation Building under Observational Learning

Price Discrimination and Public Policy in the U.S. College Market

When Less is More: Improving Choices in Health Insurance Markets

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