Beautiful, fundamental paper. A simple characterization of the extreme points of the space of monotone functions sandwiched between a given pair of such functions.
Many fun applications—here’s a cool one: Which distributions of posterior *medians* can be induced by some signal?
Kahneman and Tversky proposed a theory of choice that was psychologically plausible and mathematically precise. They showed that a better kind of theory was possible.
Rest in peace, Danny Kahneman.
Can property taxes work as a corrective tool to foster investment in financial assets?
I provide answers in my job market paper “Wealth Taxation and Portfolio Allocation”
A short 🧵
#EconTwitter#EconJobMarket
Two of our PhD cohort set to graduate this academic year will be heading onto the international, academic job market.
Learn more about our fantastic JM candidates Ségal LE GUERN HERRY (@LghSegal) and Victor SAINT JEAN (@VictorStJ): 🧵⤵️
Here's another result due to David Blackwell. It is called the Choquet-Deny Theorem, even though Blackwell proved it five years earlier, in 1955. BTW, this was the year he was hired at Berkeley, after getting snubbed in 1942 because of racism. He spent 1944-1954 at @HowardU.
Very excited about this new working paper with @aislinnbohren & @alexoimas, "Systemic Discrimination: Theory and Measurement"
https://t.co/k26KcPkaKd
We develop theoretical & empirical tools to model & measure the systemic drivers of discrimination in many settings
Summary 🧵:
Economic theory is full of surprising results that are easy to describe to a layperson. Thinking about upcoming teaching, some (below) came to mind.
What other ones come to mind?
[I'm abusing tweeetic license and omitting caveats needed to make all these statements correct.]
Forthcoming in @JPolEcon, one of my favorite papers—by {@doronravid, Roesler, Szentes}. It studies a game between a buyer and a seller. Simultaneously, the seller decides on a price to post for a good, and the buyer decides how much information to acquire about the good's value.
@AnthonyLeeZhang Gleb Romanyuk and Alex Smolin address this question in this paper:
https://t.co/D2BUHLh3Wn
They characterize the optimal recommendation policies that an efficiency concerned platform should make to drivers to avoid the " cream-skimming " effect that you mention.
1⃣ Quasiment toute la presse française titre que le prix Nobel d'économie a été attribué à trois « spécialistes de l'économie expérimentales. » Un titre proche du contresens vu que ces économistes ne font pas vraiment d’expériences.
BREAKING NEWS:
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens.
#NobelPrize
Why do distortionary policies persist? This is an important question in pol econ. I came across this beautiful 6 page paper in the AER by @M_ttM_ and Andrea Moro.
Here is a brief thread but I won't be offended if you read the paper instead.
https://t.co/31ZjQzF6dy
Une étude déprimante mais passionnante de Cécile Bonneau, Pauline Charousset, Julien Grenet et Georgia Thebault, à lire absolument
Dans les grandes écoles, la diversité sociale n’a pas progressé en dix ans https://t.co/ejkgmJS9j1 via @lemondefr
0/ A holiday economic theory reading list. Some of my favorite pieces on theory that can be read with minimal sweat, but with the maximal intellectual reward. In no particular order:
Kim has such an amazing collection of notes on his website. It would be a shame for them to disappear. So, just in case, I decided to save them so they can continue to help future generations:
https://t.co/WEPqq2P8ZF
@CFCamerer@ben_golub@BenBushong@MatthewShum2@lukeboosey...