综合经济学
When deploying artificial skills, decision-makers often assume that layering human oversight is a safe harbor that mitigates the risks of full automation in high-complexity tasks. This paper formally challenges the economic validity of this…
Consumer regret is a widespread post-purchase emotion that significantly impacts satisfaction, product returns, complaint behavior, and customer loyalty. Despite its prevalence, there is a limited understanding of why certain consumers…
Why are interventions with weak evidence still adopted? We study charitable incentives for physical activity in Japan using three linked methods, including a randomized field experiment (N=808), a stakeholder belief survey (local government…
A repo trade involves the sale of a security coupled with a contract to repurchase at a later time. Following the 2008 financial crisis, accounting standards were updated to require repo intermediaries, who are mostly banks, to increase…
Despite their evolution from early copper-token schemes to sophisticated digital solutions, loyalty programs remain predominantly closed ecosystems, with brands retaining full control over all components. Coalition loyalty programs emerged…
We examine whether gender norms - proxied by the outcome of Switzerland's 1981 public referendum on constitutional gender equality - continue to shape local female startup activity today, despite substantial population changes over the past…
Economists often define the middle class based on income distribution, yet selecting which segment constitutes the `middle' is essentially arbitrary. This paper proposes a definition of the middle class based solely on the properties of…
This paper examines how regulation can push an oligopoly from one pricing regime to another. It uses rich data from Chilean pharmacy chains to study a ban on comparative price advertising. Before the ban, ads created demand spillovers…
We study the evolution of intergenerational educational mobility and related distributional statistics in Spain. Over recent decades, mobility has risen by one-third, coinciding with pronounced declines in inequality and assortative mating…
Using detailed data on workplace benefits linked with administrative registers in Korea, we analyze patterns of separations and job transitions to study how parents sort into family-friendly firms after childbirth. We examine two…
We describe a novel framework for discrete choice modeling and price optimization for settings where scheduled service options (often hierarchical) are offered to customers, which is applicable across many businesses including some within…
This study examines the relationship between trade openness, logistics performance, and economic growth within G20 economies. Using a Bootstrap Autoregressive Distributed Lag (ARDL) model augmented by a dynamic error correction mechanism…
This paper examines how data inputs shape competition among artificial intelligences (AIs) in pricing games. The dataset assigns labels to consumers and divides them into different markets, thereby inducing multimarket contact among AIs. We…
Evidence on the effectiveness of retraining U.S. unemployed workers primarily comes from evaluations of training programs, which represent one narrow avenue for skill acquisition. We use high-quality records from Ohio and a matching method…
This article examines how legacy lending relationships shape the allocation of emergency credit under severe information frictions. Using a novel dataset linking Small Business Administration (SBA) loan records with Dun and Bradstreet…
The Paycheck Protection Program (PPP) was the largest targeted business support program in the United States, yet its firm-level effects remain contested. I link administrative PPP and SBA 7(a) records to a near-universe panel of U.S.…
The Peter Principle posits that organizations promoting their best performers risk elevating employees to roles where their competence no longer translates, thereby degrading overall efficiency. We investigate when this dynamic emerges and…
We examine whether team affinity differs across skill dimensions in team production. Using a novel nonparametric framework that accommodates task-level structure, role asymmetry, and latent affinity, we decompose team performance into…
Bahar and Hausmann (2025a) claim to find evidence against the hypothesis that oil sanctions on Venezuela lead to increased migration flows to the United States. We show that their findings derive from applying a nonstandard, misspecified…
This paper studies if firms pay different types of bribes, and if corrupt bureaucrats have perfect information about resources of bribe-paying firms. We construct a model of corruption that allows for multiple informational scenarios in a…