综合经济学
We examine the economic impact of increasingly productive AI and policies that spread its benefits across the economy. Improvements in AI productivity trigger labor reallocation and changes in absolute and relative wages for different types…
This paper estimates the effect of cross-border transmission constraints on suspected market power abuse in the German wholesale electricity market. Using a 2SRI instrumental variables approach, we study suspected strategic behavior by…
Large language models (LLMs), a prominent form of artificial intelligence (AI), are becoming everyday interfaces for political questions, but most exchanges are dyadic rather than audiencefacing. This paper asks whether AI conversation…
Centralized hydrothermal planning models determine generation schedules and electricity spot prices based on inflow forecasts in audited-cost power systems, such as those prevalent in Latin America, and provide operational benchmarks and…
This paper finds diverging partial effects of diurnal warming (higher nighttime and daytime temperatures) on agricultural wage-labour shares from decadal Indian Censuses (1981-2011). Though both margins contract grain output and cultivated…
We examine a choice between bonus contracts offered to dealers of a U.S. auto manufacturer. In our data, dealers select the non-profit-maximizing option in 20 percent of observations, costing the mistaken dealers $18,453 per year on…
Universities, funders, investors, and policy agencies often need to identify research with translational relevance before patents, licenses, startups, or industry collaborations are visible. This study introduces the Translation Readiness…
This paper analyzes the internal organization and economic effects of a bid-rigging cartel in the road construction sector of the Swiss canton of Ticino, active from 1999 to 2005. Using exceptionally rich documentary evidence, we…
This paper studies whether news about banks' balance sheets propagates to aggregate financial conditions and macroeconomic activity. We construct high-frequency Canadian bank net-worth shocks using stock-price reactions around earnings…
Global supply chains are highly interconnected, making them vulnerable to cascading disruptions induced by trade policy shocks. Understanding how such disruptions propagate through production networks, and how mitigation mechanisms such as…
Computing optimal policy in heterogeneous-agent economies is complicated by the possibility of multiple equilibria. We overcome this difficulty by showing that when the equilibrium manifold has a low-dimensional Negishi-weight…
Nonaka emphasized that innovation is the result of a continuous back-and-forth between tacit and explicit knowledge. Artificial intelligence introduces a fundamentally new object into this process -- tacit machine knowledge -- but Nonaka's…
The healthcare sector contributes approximately 4.4% of global greenhouse gas emissions, yet research on the organizational determinants of sustainable behaviors among healthcare workers remains limited. This study examines how green…
This paper studies how topping up -- allowing recipients of in-kind transfers to supplement subsidized consumption in a private market -- affects optimal redistribution. Consumers can access a competitive private market, while a social…
Machine learning (ML) has rapidly transformed economic history, lowering costs of digitization, data linkage, and imputation, and making information in historical text usable at scale. This paper offers a practical guide to using these…
China's electric-vehicle (EV) sales share rose from about 1% in 2015 to roughly 45% in 2024. We evaluate this technology transition with an equilibrium differentiated-products model of the Chinese auto market, and quantify both its…
Large Language Models (LLMs) are increasingly used as stand-ins in behavioural games. These stand-ins rely on the assumption that the LLM's distribution of choices meaningfully matches how humans play the same game. This study tests that…
The 2024 Department of Justice antitrust complaint against RealPage, Inc. named five major residential REITs for coordinating algorithmic rent pricing across hundreds of thousands of apartment units in major US metropolitan areas. This…
Match-fixing undermines the integrity of sport by eroding public trust and threatening the financial sustainability of clubs and leagues. The global expansion of sports betting markets has created new incentives and opportunities for…
Do workers always work more for more? We investigate how intertemporal and uncompensated labor supply decisions change across observational and experimental windows, within the same workers. Combining a real-effort emoji-counting experiment…