Economics

We show that structural smooth transition vector autoregressive models are statistically identified if the shocks are mutually independent and at most one of them is Gaussian. This extends a known identification result for linear structural…

We develop a uniform inference theory for high-dimensional slope parameters in threshold regression models, allowing for either cross-sectional or time series data. We first establish oracle inequalities for prediction errors, and L1…

This paper studies regression discontinuity designs (RDD) when linear-in-means spillovers occur between units that are close in their running variable. We show that the RDD estimand depends on the ratio of two terms: (1) the radius over…

Subjective teacher evaluations play a key role in shaping students' educational trajectories. Previous studies have shown that students of low socioeconomic status (SES) receive worse subjective evaluations than their high SES peers, even…

This study is the first to investigate whether pawnshops, financial institutions for low-income populations, have contributed to the decline in mortality in the early twentieth century. Using ward-level panel data from Tokyo City, this…

This paper investigates the economic feasibility of replacing human labor with robotics and automation in Qatar's manufacturing and service sectors. By analyzing labor costs, productivity gains, and implementation expenses, the study…

Artificial intelligence (AI) is a key enabler of innovation against climate change. In this study, we investigate the intersection of AI and climate adaptation and mitigation technologies through patent analyses of a novel dataset of…

Artificial intelligence (AI) is transforming financial planning by expanding access, lowering costs, and enabling dynamic, data-driven advice. Yet without clear safeguards, digital platforms risk reproducing longstanding market…

The literature on panel cointegration is extensive but does not cover data sets where the cross section dimension, $n$, is larger than the time series dimension $T$. This paper proposes a novel methodology that filters out the short run…

We introduce and analyze a variation of the Bertrand game in which the revenue is shared between two players. This game models situations in which one economic agent can provide goods/services to consumers either directly or through an…

With the prospect of next-generation automated mobility ecosystem, the realization of the contended traffic efficiency and safety benefits are contingent upon the demand landscape for automated vehicles (AVs). Focusing on the public…

Gentzkow, Shapiro and Taddy, Econometrica Vol 87, No 4, 2019 (henceforth GST) use a supervised text-based regression model to assess changes in partisanship in U.S. congressional speech over time. Their estimates imply that partisanship is…

Recovering and distinguishing between the strict-preference, indifference and/or indecisiveness parts of a decision maker's preferences is a challenging task but also important for testing theory and conducting welfare analysis. This paper…

In this short paper, we define the investment ability of data investors in the data economy and its heterogeneity. We further construct an analytical heterogeneous agent model to demonstrate that differences in data investment ability lead…

How does the climatic experience of previous generations affect today's attention to environmental questions? Using self-reported beliefs and environmental themes in folklore, we show empirically that the realized intensity of deviations…

In this paper, using the Bayesian VAR framework suggested by Chan et al. (2025), we produce conditional temperature forecasts up until 2050, by exploiting both equality and inequality constraints on climate drivers like carbon dioxide or…

The increasing prevalence of chronic diseases poses a significant challenge to global efforts to alleviate poverty, promote health equity, and control healthcare costs. This study adopts a structural approach to explore how patients manage…

This paper studies a two-player game in which the players face uncertainty regarding the nature of their partner. In this variation of the standard Prisoner's Dilemma, players may encounter an 'honest' type who always cooperates.…

This paper develops a model in which a sender strategically communicates with a group of receivers whose payoffs depend on the sender's information. It is shown that aggregate payoff externalities create an endogenous conflict of interests…

This paper builds a finite-horizon model to study the role of physical collateral in a model of strategic defaults, when the borrower can develop reputation for honesty. Asset ownership increases attractiveness of the reputational channel:…