🚨We are Hiring🚨
We have 3⃣ tenure-track positions:
• 2 Open-Field
• 1 linked to our Masters in Financial Economics (open to various fields)
Come work with us in 🇨🇦!
📄 Open-Field: https://t.co/ZDHS22aCje
📄 MFE Position: https://t.co/nbL4vrAtHJ
Forthcoming in AEJ: Microeconomics: "The Inner Workings of a Hub-and-Spoke Cartel in the Automotive-Fuel Industry" by Daniel Chaves and Marco Duarte. https://t.co/NGaLNQq0jR
How do firms expand into new markets? How do they choose where to open next? There are so many options!!
With large choice sets firms exhibit consideration sets, but these sets depend on the firm's existing network
@KashaevNail shows this is the case for coffee chains☕️in China🇨🇳
Findings:
- Starbucks considers all markets, Luckin exhibits limited consideration
- Firms expand slower because of limited consideration
- While peer effects increase the rate at which markets are served by both firms, limited consideration slows down the emergence of duopolies
We unify well-known models of limited consideration and allow for preference heterogeneity. Using this methodology, in an experimental dataset we collected, we find that random utility models cannot explain the population behavior, but a model of limited consideration can
New (to you) working paper! I use human capital theory (allowing for both Learning-by-Doing & On-the-Job training) to interpret RCT-based ATEs, to understand teacher quality growth. I use partial identification because LBD and OJT are hard to separate. https://t.co/OtaV4RWPkI