经济学
In this short note, I show that in a McCall (1970) model with risk-neutral agents, a system of wage insurance combined with unemployment insurance financed by a lump-sum tax on the employed can be replicated -- in the ex ante sense -- by a…
Dyadic regression models are commonly analyzed under the conventional dyadic dependence paradigm, in which two observations may be dependent only if the corresponding dyads share a node. This paper studies inference when this paradigm…
We study the robustness of Bayesian persuasion to uncertainty about the receiver's preferences. We analyze two conceptually distinct notions: continuity, in which only the modeler lacks precise knowledge, but where the model's predictions…
I provide a unified framework to establish the existence of a weak Pareto efficient, envy-free allocation in general settings: random allocations are probability measures on a compact metric space, and preferences of agents are represented…
This paper introduces the Dual-System Thinking (DST) model, a decision-theoretic framework that integrates psychological dual-process theories into economic modeling. A single cognitive weight parameter governs the relative influence of the…
The present paper investigates how insiders strategically navigate ongoing legal risk while leveraging stealth trading within a continuous-time Kyle-type framework. Legal enforcement operates concurrently with trading, which dynamic can be…
The classic concept of "calibrated forecasts" and its more recent refinement, "calibeating," are defined with respect to the standard quadratic scoring rule. We extend these notions to the class of $\textit{proper}$ scoring rules (for which…
In many choice settings the decision maker (DM) adopts a criterion which is a mediation between her preference, and its opposite. According to such compromise, the first i alternatives on top of the DM's taste are moved, in reverse order,…
We propose and axiomatize preferences on a product state space in light of uncertainty regarding the dependency of different payoff-relevant factors. Dependence structures allow to decompose probabilities and allow to pin down behavior…
We characterize the outcomes of a canonical deterministic model for the intergenerational transmission of capital that features differential fertility. A fertility function determines the relationship between parental capital and the number…
Granular instrumental variables (GIV) has experienced sharp growth in empirical macro-finance. The methodology's rise showcases granularity's potential for identification across many economic environments, like the estimation of spillovers…
We study the problem of allocating a finite estate among agents whose total claims exceed the available resources, a standard framework in the theory of claims problems. Two canonical rules embody competing fairness ideals: the Proportional…
We study a tractable two-player contest built on a truncated cubic contest success function. Its defining feature is a strategic-feedback parameter whose sign determines whether a leading player's effort lowers (suppression) or raises…
This paper introduces state-robust equilibrium (SRE), a local validity test for Nash predictions in finite-strategy population games when the payoff-relevant aggregate state may be misspecified. The reported prescription and payoff map are…
Researchers have started using LLM agents in place of human subjects in behavioural and political-science experiments, often as a cheaper substitute for laboratory pools. The substitution does not hold up in strategic settings: humans and…
We study stochastic object assignment problems in which objects may have minimum and maximum requirements, such as with classes with upper and lower enrollment bounds. We construct a new random assignment mechanism, the minimums…
Contract theory typically assumes full commitment by the principal, but many contracts fix some payoff-relevant decisions while leaving others discretionary. We ask when imperfect commitment is equivalent to full commitment. For contracts…
Score-driven models update time-varying parameters using conditional likelihood scores. This paper develops a Bayesian interpretation of such updates through Tweedie's formula, which connects posterior mean corrections with marginal scores.…
This paper formalizes the identification framework underlying common child penalty triple difference estimators that normalize by counterfactual earnings. I reverse-engineer the identification assumptions from the validation tests used in…
Mandatory waiting periods have been instituted for medical procedures, gun purchases, and other high-stakes decisions. Are these softly paternalistic policies substitutes for harder restrictions, and are delayed decisions more respected? In…