@alexolegimas That’s horrifying. I hope it will not discourage you as long me of a minority X regulars who consistently posts highly educational and informative content.
@psantacl@eucopresident@psocialista I remain optimistic that this unfortunate direction in Portugal can be reversed. Otherwise this is the path to an extreme populist government.
@JonSteinsson Delighted to hear other macroeconomists weighing in. I was baffled when I read this report. I hope there will be a rebuttal report circulated with the “facts”
@florianederer@NateSilver538 Well there goes the usual economic defense of dynamic pricing and its merits. This is definitely more than suspicious looking.
@JohnHCochrane@Austan_Goolsbee I don’t follow the concern. The paper was not making a novel scientific contribution. But it was an interesting point of discussion. Seems like it got published in right place and that issue is that the field under-values “useful advice” on how to do research.
@phil2524@JohnHCochrane That question is kind of confusing a small tactical investment ($10bill will not transform an entire country) versus a seismic shift in the structure of a country.
@phil2524@JohnHCochrane Fair point, but not how the growth vs aid debate should be viewed. Growth comes from the elimination of corruption and the implementation of a more free-market capitalism that promotes (and protects) entrepreneurship. Aid is a good stop-gap for an economy that’s transitioning.
@sndurlauf@florianederer 💯 agree! It’s hard to reject an aspiring young scholar’s work. But sometimes that’s the most humane option, allowing them to send the work somewhere with a higher chance of success.
@btshapir Another problem is that many students write the paper as a chronology of the work, emphasizing all the parts that were difficult instead of writing about the contribution. But some of this is supposed to be “taught” by advisors reading early drafts.
@alexolegimas@lugaricano Thank you both Alex and Luis for this terrific thread. This is a wonderful framework, especially at a time when AI is being represented more as science fiction. Keep the material coming for us readers!
Must read post from @lugaricano. His weak-strong bundles paper has guided my thinking a lot, and this post makes an excellent case for how the relationships of tasks to one another within a job will affect automation and displacement.
https://t.co/xUKLvFY5ci
@florianederer Had tickets been considerably cheaper, do you not think there would have been a lucrative aftermarket, transferring the profits to 3rd parties instead of to FIFA? Why would that be better?
@captgouda24 And let’s not forget the unilateral market power in a differentiated goods market when the same firm owns and jointly priced products that are imperfect substitutes.