Economics
This paper examines methods of causal inference based on groupwise matching when we observe multiple large groups of individuals over several periods. We formulate causal inference validity through a generalized matching condition,…
We introduce Agentic Economic Modeling (AEM), a framework that aligns synthetic LLM choices with small-sample human evidence for reliable econometric inference. AEM first generates task-conditioned synthetic choices via LLMs, then learns a…
This paper incorporates fixed capital into a multi-sectoral input-output model to reassess the Okishio Theorem. We establish the existence of a critical wage elasticity strictly less than unity, beyond which cost-reducing technical progress…
Integrating electric mobility, including electric vehicles (EVs), electric trucks (ETs), and renewable energy sources (RES) with the power grid is paramount for decarbonization, efficiency, and stability. A critical gap remains, however:…
Reinsurance optimization is a cornerstone of solvency and capital management, yet traditional approaches often rely on restrictive distributional assumptions and static program designs. We propose a hybrid framework that combines…
Using only a binary intervention and outcome and the design of the randomization within an experiment, we construct a design-based likelihood of the joint distribution of potential outcomes in the sample -- the numbers of always takers,…
We investigate the impact of judges' gender on the outcome of domestic violence cases. Using data from S\~ao Paulo, Brazil, between 2011 and 2019, we find that a domestic violence case assigned to a female judge is 28% (9.7 p.p.) more…
Flexibility is a cornerstone of operations management, crucial to hedge stochasticity in product demands, service requirements, and resource allocation. In two-sided platforms, flexibility is also two-sided and can be viewed as the…
Algorithms increasingly automate bidding in online auctions, raising concerns about tacit bid suppression and revenue shortfalls. Prior work identifies individual mechanisms behind algorithmic bid suppression, but it remains unclear which…
This paper investigates a novel behavioral feature of recursive preferences: aversion to risks that persist over time, or simply \textit{correlation aversion}. Greater persistence provides information about future consumption but reduces…
This paper develops numerical and causal interpretations of two-way fixed effects (TWFE) regressions in settings with nonbinary, nonstaggered treatments and time-varying covariates. Using the equivalence between TWFE and pooled…
In this paper, we propose a triple (or double-debiased) Lasso estimator for inference on a low-dimensional parameter in high-dimensional linear regression models. The estimator is based on a moment function that satisfies not only first-…
This paper studies how platform design shapes strategic behavior in decentralized electricity trading. We develop a finite-horizon dynamic game in which photovoltaic- and battery-equipped players ("prosumers") trade on a platform that maps…
The Federal Trade Commission has recently filed an administrative complaint against the Big 3 pharmacy benefit managers claiming they engaged in unfair conduct in violation of Section 5 of the FTC Act. They never used the word collusion in…
This paper evaluates the effect of a short, interactive popularisation talk on upper-secondary students' interest in Economics. This contrasts with previous research, which has primarily examined impersonal interventions to boost interest…
AI coding agents make empirical specification search fast and cheap, but they also widen hidden researcher degrees of freedom. Building on an open-source agent-loop architecture, this paper adapts that framework to an empirical economics…
Discrete Choice Experiments (DCEs) are widely used to elicit preferences for products or services by analyzing choices among alternatives described by their attributes. The quality of the insights obtained from a DCE heavily depends on the…
Many resources are provided by an ecological system that is vulnerable to tipping when exceeding a certain level of pollution, with a sudden big loss of ecosystem services. An ecological system is usually also a common-pool resource and…
A fast-paced policy context is characteristic of energy and climate research, which strives to develop solutions to wicked problems such as climate change. Funding agencies in the European Union recognize the importance of linking research…
We study price discovery in a model where an informed agent has arbitrary private information about state probabilities and trades state-contingent claims. The model unifies the key elements of Arrow-Debreu (1954) and Kyle (1985). When the…