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ecmaeditors.bsky.social
News from the editors of Econometrica
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@giacomolanzani.bsky.social shows that agents who make repeated choices and fear misspecification develop uncertainty attitudes (SEU, robust, maxmin) based on how they evaluate their model fit. This explains reactions to complex tax schedules and monetary policy cycles. https://buff.ly/4aTqV9R

submitted 5 days ago • 0 comments

Should firms be transparent regarding their evaluations of employee performance? We show that concealing information early on can boost productivity by instilling just the right amount of doubt whether their performance objective has been achieved. https://buff.ly/3Ca024D

submitted 19 days ago • 0 comments

Our study shows that people behave more morally in uncertain situations than in certain ones. This may be because they simply feel less anxious by acting morally when faced with uncertainty, or believe in karma where moral actions lead to better outcomes. https://buff.ly/4jbRsCP

submitted 26 days ago • 0 comments

Econometrica, Volume 93, Issue 1 (January 2025) is now online www.econometricsociety.org/publications...

submitted 29 days ago • 0 comments

This paper shows that a uniform prior over orthogonal matrices is both necessary and sufficient for uniform joint inference over the identified set of impulse responses, addressing concerns about standard Bayesian inference in set-identified SVARs. https://buff.ly/3PsBTt4

submitted 33 days ago • 0 comments

Why fund highly novel research? It can improve the evolution of knowledge by guiding future researchers. We propose a model in which researchers decide which questions to address and at what intensity to search for the answer based on existing knowledge. https://buff.ly/3Pxv5uk

submitted 40 days ago • 2 comments

How can we seed effectively when network information is limited? A new analysis shows how low-dimensional summary statistics can help us fit a random graph model and target based on whatever attributes we can readily observe. https://buff.ly/3WgLgQp

submitted 47 days ago • 0 comments

We use a new machine learning technique to identify the most cost-effective policies to boost immunization demand in India. We evaluated 75 combos of reminders, incentives, and local community ambassadors. The most effective increased immunization by 44%. https://buff.ly/4j0v3IF

submitted 50 days ago • 2 comments

Do national leaders matter? Using inbreeding among European monarchs as an instrument shows that rulers with lower cognitive ability led to worse state performance and territorial losses from 10-18C. Rising parliamentary constraints limited rulers' impact. https://buff.ly/3W8NlxI

submitted 53 days ago • 0 comments

Please mark down our session if you are attending the upcoming ASSA meeting! Advances in Economic Theory, Saturday, Jan. 4, 2025, 2:30 PM - 4:30 PM (PST) www.aeaweb.org/conference/2...

submitted 58 days ago • 0 comments

We study comparative statics in adjustment-cost models. Comparative-statics conclusions may be drawn under very weak assumptions on costs, and this insight leads to a general Le Chatelier principle. We consider several applications. https://buff.ly/41U35sb

submitted 60 days ago • 0 comments

We estimate the valence of candidates running for U.S. House elections. We then decompose the incumbency advantage estimated in Lee (2008) to differences in candidate valence, campaign financing and policy positions between incumbents and challengers. https://buff.ly/405H3Bh

submitted 68 days ago • 0 comments

We study how the welfare gains from trade and growth decompose into quantity, quality and variety using trade data and theory. In the general equilibrium model, trade follows a gravity equation and prices rise with importer and exporter GDP per capita www.econometricsociety.org/publications...

submitted 78 days ago • 0 comments

Joachim Freyberger and @bradjlarsen derive new bounds for private values in bargaining, showing that, when eBay negotiations fail, trade gains still exist in about 37% of cases (Nash bargaining would instead presume this is 0) www.econometricsociety.org/publications...

submitted 85 days ago • 0 comments

Both households and firms are more attentive to inflation when inflation is high, supporting central predictions of models in which attention is endogenous www.econometricsociety.org/publications...

submitted 87 days ago • 0 comments

Don't miss the 2025 Econometric Society World Congress in Seoul, South Korea! Submissions open today! youtu.be/5-g6bgnnfdI #EconSky #EconTwitter #ESWC2025 #CallForPapers #econometrics #macroeconomics #microeconomics

submitted 105 days ago • 2 comments

Mussa puzzle, often viewed as key evidence for monetary non-neutrality, is not due to sticky prices, but due to non-neutrality arising from segmented financial markets resulting in macroeconomic transmission via the risk premium channel www.econometricsociety.org/publications...

submitted 99 days ago • 0 comments

🚨 New episode alert! 🎙️ We chat with Joan Llull, Data Editor for the Econometric Society’s journals, about the role of data editing in economic research, challenges, memorable moments, and the future of data transparency. Don’t miss it! 🎧 t.co/zXcSc3YHxH

submitted 101 days ago • 0 comments

Econometrica, Volume 92, Issue 6 (November 2024) is now online www.econometricsociety.org/publications...

submitted 100 days ago • 0 comments