"New study finds salary benchmarking cuts pay gaps by 25%. Pay dispersion partly arises from firms’ uncertainty about market rates, with key implications for pay transparency policy." New paper from Perez-Truglia, Li & Cullen www.restud.com/whats-my-emp...: #econsky #REStud

"Competition via repo contracts resolves the lemons problem! A closed-form solution for the unique pooling equilibrium explains why markets feature high haircuts and low repo rates." New paper from Bigio & Shi: restud.com/repurchase-o... #econsky #REStud

"Wars disrupt supply chains, but firms adapt by reorganizing them. The 2014 war cut Ukraine’s output in nonconflict areas by 5.5%, with one-third mitigated by link reorganization." New paper from Korovkin, @alexeymakarin.bsky.social & Miyauchi: www.restud.com/supply-chain... #econsky #REStud

Recently accepted to #REStud, "Normalizations and misspecification in skill formation models," from Joachim Freyberger: www.restud.com/normalizatio... #econsky

"In a large RCT on a credit card in Mexico, cutting rates and raising minimums barely reduced default. Job loss—more disruptive to cash flow—had far greater impact." Recently acepted to #REStud, from Castellanos, Jiménez-Hernández, Mahajan, Prous, & Seira: www.restud.com/contract-ter... #econsky

Recently accepted to #REStud, "On the optimal design of a Financial Stability Fund," from Ábraham, Carceles-Poveda, Liu and Marimon: www.restud.com/on-the-optim... #econsky

"Does trade push countries up the development ladder or hold them at the bottom? What about the rise of China? Modeling and estimating a ladder economy gives surprising answers." New paper, from Atkin, Costinot and Fukui: www.restud.com/globalizatio... #REStud #econsky

Exciting new work by @rduartegonzalez.bsky.social (who is on the market!) & Co

"Sellers often choose sudden, unannounced price drops—unlike standard models with forward-looking, strategic buyers. We show why a seller would prefer this." Recently accepted to #REStud, from Dilmé and Garrett: www.restud.com/a-dynamic-th... #econsky

Recently accepted to #REStud, "The impact of EITC on education, labor market trajectories, and inequalities," from Albertini, Poirier and Terriau: www.restud.com/the-impact-o... #econsky

"Political brokers use social networks to identify & target reciprocal non-copartisans for vote buying. Parties recruit brokers central in networks to sway persuadable voters." From @rduartegonzalez.bsky.social, Finan, @hlarreguy.bsky.social and Schechter: www.restud.com/brokering-vo... #Econsky

Recently accepted to #REStud, "Overconfidence and Prejudice," from Heidhues, Kőszegi and Strack: www.restud.com/overconfiden... #econsky

"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." New paper from Harry PEI: www.restud.com/community-en... #econsky

Recently accepted to #REStud, "Behavioral Causal Inference," from Ran Spiegler: www.restud.com/behavioral-c... #econsky

Recently accepted to #REStud, "Making Decisions under Model Misspecification," from Cerreia-Vioglio, Hansen, Maccheroni and Marinacci: www.restud.com/making-decis... #econsky

Recently accepted to #REStud, "Demand Shocks as Technology Shocks," from Bai, Ríos-Rull and Storesletten: www.restud.com/demand-shock... #econsky

Excited to have my first paper appearing soon in REStud - five years in the making! Paul Milgrom and I show how to extend Walrasian mechanisms to nonconvex markets - with only one additional parameter needed to assure existence. Also Paul’s first REStud paper, if you can believe it!

Very excited to see this finally coming out in RESTUD! (1/5)

In their paper, recently accepted to #REStud, Milgrom & Watt @MitchLWatt introduce “Walrasian markup mechanisms”—feasible, nearly efficient, and nearly incentive compatible mechanisms for nonconvex markets using linear prices. www.restud.com/a-walrasian-... #econsky

In their paper, recently accepted to #REStud, Frakes @denverfrakes.bsky.social and Gruber find a reduction in racial health disparities among chronic-disease patients following an increase in the racial diversity of the surrounding medical providers. www.restud.com/the-effect-o... #econsky

Recently accepted to #REStud, "Pseudo Lindahl Equilibrium as a Collective Choice Rule," from Gul and Pesendorfer: www.restud.com/pseudo-linda... #econsky

Recently accepted to #REStud, "Surviving Childhood: Effects of Removing a Child From Home," from Ronja Helénsdotter @rhelensdotter.bsky.social @MIT @econGU: www.restud.com/surviving-ch... #econsky

"Productivity is more dispersed across plants within firms than across firms. Rather than misallocation, this may reflect optimal reallocation of internal funds." Recent paper from Kehrig & Vincent: www.restud.com/good-dispers... #econsky #REStud

"State schools aimed to secularize Indonesia, but religious schools adapted, competing for students and strengthening Islamic identity instead." Recently accepted to #REStud, from Bazzi, Hilmy and Marx: www.restud.com/religion-edu... #econsky

Recently accepted to #REStud, "Homeownership, Polarization, and Inequality," from Andrii Parkhomenko: www.restud.com/homeownershi... #econsky

Recently accepted to #REStud, "Policy Diffusion and Polarization across U.S. States," from DellaVigna and Kim: www.restud.com/policy-diffu... #econsky

Recently accepted to #REStud, "The value of information in a congested fishery," from Englander, Karp and Simon: www.restud.com/the-value-of... #econsky

Incredible feeling to finally see it published 🤩 What are the macro effects of making UI more generous? In this paper we seek to answer this contentious question 📝 We find increases in aggregate unemployment, driven by both longer UI durations & increased inflows 💡

Recently accepted to #REStud, "Women in the Courtroom: Technology and Justice," from Heng Chen, Yuyu Chen and Yang: www.restud.com/women-in-the... #econsky #justice #GenderBias #JudicialReform

Recently accepted to #REStud, "The Geography of Business Dynamism and Skill-Biased Technical Change," from Hannah Rubinton: www.restud.com/the-geograph... #econsky

Recently accepted to #REStud, "Reallocative Auctions and Core Selection," from Rostek and Yoder: www.restud.com/reallocative... #econsky

Recently accepted to #REStud, "Estimating Welfare Effects in a Nonparametric Choice Model: The Case of School Vouchers," from Kamat and Norris: www.restud.com/estimating-w... #econsky

Recently accepted to #REStud, "Bewley Banks," from Jamilov @rustamjamilov.bsky.social and Monacelli @monacelt.bsky.social: www.restud.com/bewley-banks/ #econsky

"How large are the costs of regulating banks? This paper shows that raising capital requirements have small effects when banks compete with lenders outside the traditional sector." Recently accepted to #REStud, from Kyle Dempsey: www.restud.com/capital-requ... #econsky

"What is the effect of extending unemployment benefits on unemployment? How relevant are different channels for the total effect: search effort, separations and spill-over?" From Jonas Jessen, @robinj.bsky.social, Gałecka-Burdziak, Góra & Kluve: www.restud.com/the-micro-an... #econtwitter

Recently accepted to #REStud, "Does Tax-Benefit Linkage Matter for the Incidence of Payroll Taxes?" from Bozio, Breda, Grenet and Guillouzouic: www.restud.com/does-tax-ben... #econsky #tax #PayrollTax #TaxIncidence #TaxBenefit

I'm so excited to see this paper coming out in RESTUD. Fun facts about this paper: 1) My amazing co-author 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.

"Common ownership grew dramatically in the US economy from 1995 to 2021. It could raise producer profits at the expense of consumer surplus & lead to a substantial deadweight loss." Recently accepted paper by @florianederer.bsky.social & Pellegrino: www.restud.com/a-tale-of-tw... #econsky #REStud

Recently accepted to #REStud, "Counterfactual Identification and Latent Space Enumeration in Discrete Outcome Models," from Gu, Russell and Stringham: www.restud.com/counterfactu... #econsky

"Seller search for bidders and costly bidder entry jointly shape auction profitability, payoffs, and efficiency. Observability plays a key role." Recently accepted to #REStud, from Lauermann @pareto-efficiency.bsky.social and Wolinsky: www.restud.com/auctions-wit... #econsky

"Position auctions determine equilibrium search orders and hence pricing under firm heterogeneity. Bids reflect position externalities, shaping profit and consumer welfare rankings." Recently accepted to #REStud from Anderson and Renault: www.restud.com/search-direc... #econsky

Recently accepted to #REStud, "Quantifying the Benefits of Labor Mobility in a Currency Union," from House, Proebsting and Tesar: www.restud.com/quantifying-... #econsky

"Winners of Excellence in Refereeing Award for 2024" The Review of Economic Studies thanks all of the exceptional referees who have contributed their time & expertise to the journal Dan Cao Bruno Caprettini Ryan Chahrour Krishna Dasaratha Maya Eden Thiemo Fetzer @trfetzer.com 1/2 (rest of list 👇)

Recently accepted to #REStud, "Endogenous clustering and analogy-based expectation equilibrium," from Jehiel and Weber: www.restud.com/endogenous-c... #econsky

"Multi-buyer bargaining games have a wide range of subgame perfect equilibria. However, intuitive equilibrium refinements imply the celebrated outside option principle." New paper from Abreu and Manea, recently accepted to #REStud: www.restud.com/bargaining-f... #EconSky

How News about the US Economy Drives Global Financial Conditions New blog post by Chris Boehm and @kronerniklas.bsky.social (UT graduate @utaustinecon.bsky.social 🤟) based on paper recently published in @reveconstudies.bsky.social. Short summary below ⬇️

Recently accepted to #REStud, "Revisiting the Non-Parametric Analysis of Time-Inconsistent Preferences," from Echenique and Tserenjigmid: www.restud.com/revisiting-t... #econsky

Recently accepted to #REStud, "Overconfidence and Prejudice," from Heidhues, Kőszegi and Strack: www.restud.com/overconfiden... #econsky

"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." New paper from Harry PEI: www.restud.com/community-en... #econsky

Recently accepted to #REStud, "Behavioral Causal Inference," from Ran Spiegler: www.restud.com/behavioral-c... #econsky