@cszabla he has lots of work on trying to formalize these kinds of things, see his textbook Economic Origins of Dictatorship and Democracy, it's all game theoretic models of democracy.
It's Nobel Day, and the prize goes to Acemoglu, Johnson and Robinson! I believe AJR 2001 is the most cited economics paper of the 21st century (~20k!). A brief thread on why this literature was so influential, and slightly controversial, and my read on how AJR got here. 🧵1/x
@jaykangecon i think it could work if i paid more attention to smoothing the law of motions, but i was running out of time during that time and gave up haha.. but it is a very good and overlooked paper indeed!
@jaykangecon the interpolation one because it is much simpler than the 97 one. It could have been some bug in my code as well, but I remember that I just concluded these kinds of more complex dynamic model (discrete and endog law of motion) just didnt fit the examples
it’s wild that coastal cities have spent years debating if YIMBY policies will lower rents, and Austin just… did it
they streamlined permitting, upzoned most of the city, and eliminated parking mandates. Tons of housing is going up and rents are plummeting.
YIMBY policies work
@tweetassaf sendo bem centrista: foi perseguição, mas a defesa do plagio foi muito feia. pior que esse tipo de plagio devia ser muito comum pré internet (ninguem ia descobrir e é inofensiva de certo modo).
Hey #EconTwitter, check out my JMP! I provide a belief elicitation method that can recover the entire parental belief distribution about the technology of skill production in early childhood, while correcting for measurement error. Please visit my website to find out more.
Marcos Lee's JMP is "Subjective Beliefs, Uncertainty, and Costs of Investment in Early Childhood". Fields: Labor Economics, Education Economics and his advisor is Flavio Cunha. Learn more about him at: https://t.co/ELDjRtuwpb
Could it be that some of the more senior and very successful researchers are so productive because they don't waste hours on TEX, unlike most of us, and instead use Word?
Its funny how much folks are attacking @SHamiltonian, especially given the methodological similarities between climate and economics work.
I always liked @paulkrugman's comparison:
Wrote about the end of affirmative action and the very weird but expected fact that nobody’s really talking about the Asian plaintiffs or the extremely obvious discrimination they faced https://t.co/U0i59TipYS
This is basically it. The problem is that the information sits on people's heads, and they can *choose* whether to reveal it because it's non-obvious - the whole point of markets is that it gets people to show everyone their preferences