Nick Pretnar

Economist | Focusing on growth and time use | PHD from @CarnegieMellon | Asst. Director LAEF @UCSB | Incoming Asst. Prof. University of Austin Texas 🌈

[Nick Pretnar @nickpretnar]

And a full three days after resubmission, we were accepted at JET (with @BrianCAlbrecht and Thomas Phelan).

[Brian Albrecht @BrianCAlbrecht]

How much does a high markup tell you about market power?

When things besides price matter, like time, the markup tells you less than you'd think.

We show that across a range of imperfect competition models, with Tom Phelan and @nickpretnar

[Nick Pretnar @nickpretnar]

@bdmurdock @BrianCAlbrecht @RebelEconProf More or less. The opportunity cost of every moment you spend doing X is the value of time you could otherwise spend doing Y. This paper is about how that particular margin distorts firms’ pricing power relative to models where such margins are not considered.

[Brian Albrecht @BrianCAlbrecht]

How much does a high markup tell you about market power?

When things besides price matter, like time, the markup tells you less than you'd think.

We show that across a range of imperfect competition models, with Tom Phelan and @nickpretnar

[Nick Pretnar @nickpretnar]

@Handre The theory behind negative rates all seems to suppose that such rates will reduce borrowing costs ostensibly to increase lending for more productive projects. When your bloc’s productivity is already low and burdened by regulation, though, this will not work.

[Nick Pretnar @nickpretnar]

@auyonomous @docmilanfar The kinds of applied work that can be easily automated by telling an AI to write a cookie cutter Stata prompt though I predict will be less publishable over the next few years … a reversal of the “empirical revolution” …

[Nick Pretnar @nickpretnar]

@auyonomous @docmilanfar Absolutely false. If you’re doing quant theory or quant macro you are doing lots of math every day.

[Nick Pretnar @nickpretnar]

@jbsteinberg We need to start a petition to get his NBER association revoked. The number of heroic assumptions he and Sáez are making when pushing these policies is borderline academic fraud

[Nick Pretnar @nickpretnar]

@mean_field_zane Yeah even where big computers help, like with multi-state DSGE models with lots of prices and such, somebody still has to think through the model AND the nature of the solution technique. AI can help speed up this process but it’s still human driven.

[Nick Pretnar @nickpretnar]

@XiaojieLiu1993 But this would break the endogeneity of factor and asset prices, the premise of which underlies HANK.

[Nick Pretnar @nickpretnar]

@DFrankcom When they already include the service charge, just circle it and then draw a line through the tip line. You don’t need to tip more if the service is included as a separate line item. Anybody who says otherwise is a sadist. Im American and I’ve worked in service industry before.

[Nick Pretnar @nickpretnar]

@goat_williker @subwaydrei @hunterch4fer This was low key funny …

[Nick Pretnar @nickpretnar]

@VincentGeloso Yeah this “vibes” right … from a cursory glance the empirics look legit too. Ignore the haters with obvious political motives. Better yet … keep trolling them. lol.

[Nick Pretnar @nickpretnar]

@VincentGeloso The fact that all of Zucman’s data appears to be manipulated in Excel is the main reason to be suspicious. At least code provides a reproducibility trail which we don’t necessarily have in Excel.

[Nick Pretnar @nickpretnar]

@grok @PTrubey @DailyCaller @grok does the new $100k fee apply to those on F1 residing within the US who then seek to transition to H1B without leaving the US?

[Nick Pretnar @nickpretnar]

@PTrubey @DailyCaller @grok @grok what about an F1 to H1B conversion. Is this still allowed?

[Nick Pretnar @nickpretnar]

@JTLonsdale Totally concur

[Nick Pretnar @nickpretnar]

@AndreasShrugged We really shouldn’t give this Hauge dude attention TBH … though trolling is fun :)

[Sri Kosuri @srikosuri]

Said much of the same last week, but this is for the most part true, and most people don’t realize this (It marginally depends on what state). Definitely true in CA. Before everyone says, well it’s only income tax or the rich take a larger share, please see this graph: https://t.co/QjhcA3Rw7G

[Nick Pretnar @nickpretnar]

@HannoLustig The most boring seminars are the ones where everyone just sits there and listens. Seminars should be open debates and lively discussions, fostering intellectual discourse. The discussion is stimulative and can be a barometer for the speaker to know where the idea has pitfalls.

[Nick Pretnar @nickpretnar]

@Jackbmeyer The job market isn’t great. We neee programs to reduce the number of PhD graduates before the degree becomes worthless