Economics
This paper examines how firm-level determinants of industrial emissions evolve over time as firms adapt to environmental regulation, economic conditions, and organisational constraints. Using a panel of 204 U.S. industrial facilities…
This paper examines the sociodemographic and socioeconomic determinants of regional commuter mobility in the Greater Stockholm Area using a heteroscedastic spatial Durbin panel data model estimated via Bayesian Markov Chain Monte Carlo…
Understanding public demand for urban ecosystem services (ES) is crucial for effective green space management, yet the intricate relationships and potential trade-offs among these diverse demands remain poorly understood. Previous studies…
Bahar (2025) argues that there is a long-term cointegrating relationship between US job vacancies and southwest border crossings. We show that this conclusion is based on a misspecified Engle-Granger test applied to first differences. Once…
Ambiguity-averse decision makers typically dislike not only the presence of ambiguous events but also their increase, contrary to what standard ambiguity models predict. We axiomatically study such a decision maker. She avoids ex ante…
This study investigates the effects of artificial intelligence (AI) adoption in organizations. We ask: First, how should a principal optimally deploy limited AI resources to replace workers in a team? Second, in a sequential workflow, which…
This paper studies what Bitcoin (BTC) premiums in peer-to-peer (P2P) markets measure. Using transaction-level data from LocalBitcoins, we construct BTC premiums for 80 currencies relative to the U.S. dollar and relate them to blockchain…
Important questions for impact evaluation require knowledge not only of average effects, but of the distribution of treatment effects. The inability to observe individual counterfactuals makes answering these empirical questions…
This paper develops a set of empirically tractable and flexible sieve estimators for semi-nonparametric multidimensional matching models with transferable utility, focusing on worker-job matching. We generalize the parametric…
The price system is often said to economize on information, but economics has lacked a formal measure of how much information it saves. This paper develops such a measure. We construct a proof-theoretic framework for decentralized…
Industry-academia ML collaborations routinely fail to launch -- not for scientific reasons, but because academics must publish while companies must protect models trained on proprietary data, and no standard contract framework resolves this…
The emergence of large language models (LLMs) has spurred economists to study how humans and LLMs behave in strategic settings. We organized a series of round-robin tournaments in the Colonel Blotto game. This game attracts game theorists'…
We study relationships between dynamic programs by applying conjugacy methods from dynamical systems theory. When two dynamic programs are connected by an order isomorphism, we show that optimality properties transmit from one formulation…
Why do societies remain stuck in inferior institutions even when superior al ternatives are widely recognized? This paper develops a model in which agents choose not only actions within a game but also transformations of the game it self.…
Why do inefficient practices, technologies, or institutions persist even when su perior alternatives are available? This paper introduces a quantal response equilib rium with status-quo bias (QRE-SB) in which each player incurs a fixed…
We propose a new approach to inference in tightly identified and large-scale structural vector autoregressions based on a reparameterization that enables imposing identifying inequality restrictions through continuously differentiable…
Recent developments in causal machine learning methods have made it easier to estimate flexible relationships between confounders, treatments and outcomes, making unconfoundedness assumptions in causal analysis more palatable. How…
A principal contracts with an agent through an informed delegate. Although the principal cannot directly mediate the interaction, she can restrict the menus of contracts the delegate may offer. We characterize the outcomes implementable…
In this paper, we construct an analytical model of the data economy with empirical evidence to explain the nexus between dataization and technological progress in general equilibrium. Data originates from the dataization of firm total…
Tirole (1985) studied an overlapping generations model with capital accumulation and showed that the emergence of asset bubbles solves the capital over-accumulation problem. His Proposition 1(c) claims that if the dividend growth rate is…