Economics

Triple difference designs have become increasingly popular in empirical economics. The advantage of a triple difference design is that, within a treatment group, it allows for another subgroup of the population -- potentially less impacted…

We revisit DeGroot learning to examine the robustness of social learning in dynamic networks -- networks that evolve randomly over time. Dynamics have double-edged effects depending on social structure: while they can foster consensus and…

We develop a simple framework to analyze how targeted persuasive advertising shapes market power and welfare. A designer flexibly manipulates the demand curve by influencing individual valuations at a cost. A monopolist prices against this…

This study examined the effect of insecurity on agricultural output in Benue state. A descriptive survey design was employed, and 400 respondents were purposively selected from insecurity-prone local government areas, namely, Guma LGA,…

We extend the standard VAR to jointly model the dynamics of binary, censored and continuous variables, and develop an efficient estimation approach that scales well to high-dimensional settings. In an out-of-sample forecasting exercise, we…

We analyse growth vulnerabilities in the US using quantile partial correlation regression, a selection-based machine-learning method that achieves model selection consistency under time series. We find that downside risk is primarily driven…

We hypothesize that portfolio sorts based on the V/P ratio generate excess returns and consist of companies that are undervalued for prolonged periods. Results, for the US market show that high V/P portfolios outperform low V/P portfolios…

In the age of social media, understanding public sentiment toward major corporations is crucial for investors, policymakers, and researchers. This paper presents a comprehensive sentiment analysis system tailored for corporate reputation…

This paper studies a model of technology adoption: a manager tries to induce a group of workers to exert costly effort to vet a new technology before they choose whether to use it. The manager finds it too costly to simultaneously replace…

Providing wellbeing for all while safeguarding planetary boundaries may require governments to pursue post-growth policies. To understand how post-growth policymaking can be fostered, we examine wellbeing economy and Doughnut economics…

Macroeconomic outcomes emerge from individuals' decisions, making it essential to model how agents interact with macro policy via consumption, investment, and labor choices. We formulate this as a dynamic Stackelberg game: the government…

The European electricity market is based on large pricing zones with a uniform day-ahead price. The energy transition leads to changes in supply and demand and increasing redispatch costs. In an attempt to ensure efficient market clearing…

This paper introduces an assignment model with concave costs of skill gaps, which arise generally when firms mitigate costs of mismatch as in Stigler (1939) and Laffont and Tirole (1986, 1991). Concave costs of skill gaps imply that the…

This paper explores strategic network formation under incomplete information using data from a single large network. We allow the utility function to be nonseparable in an individual's link choices to capture the spillover effects from…

Consider a one-to-one two-sided matching market with workers on one side and single-position firms on the other, and suppose that the largest individually rational matching contains $n$ pairs. We show that the number of workers employed and…

This paper introduces a state-dependent momentum framework that integrates ESG regime switching with tail-risk-aware reward-risk metrics. Using a dynamic programming approach and solving a finite-horizon Bellman equation, we construct…

This article addresses the origins of income inequality in post-socialist countries from Central and Eastern Europe and Central Asia, from 1991 to 2016. The aim is to analyze the relationship between democracy and income inequality. In…

Global food production and trade networks are highly dynamic, especially in response to shortages when countries adjust their supply strategies. In this study, we examine adjustments across 123 agri-food products from 192 countries…

This paper provides comprehensive simulation results on the finite sample properties of the Diebold-Mariano (DM) test by Diebold and Mariano (1995) and the model confidence set (MCS) testing procedure by Hansen et al. (2011) applied to the…

We construct a novel event-level Capital Control Measures (CCM) dataset covering 196 countries from 1999 to 2023 by leveraging prompt-based large language models (LLMs). The dataset enables event study analysis and cross-country comparisons…