经济学
This paper studies inference in cluster randomized trials where treatment status is determined according to a "matched pairs" design. Here, by a cluster randomized experiment, we mean one in which treatment is assigned at the level of the…
When one studies the effects of taxes, tariffs, or prices using panel data, the treatment is often continuously distributed in every period. We propose difference-in-differences (DID) estimators for such cases. We assume that between…
A perfectly divisible cake is to be divided among a group of agents. Each agent is entitled to a share between zero and one, and these entitlements are compatible in that they sum to one. The mediator does not know the preferences of the…
This paper provides a general characterization of preferences that admit a Richter-Peleg representation without imposing completeness or transitivity. We establish that a binary relation on a nonempty set admits a Richter-Peleg…
As of 2022, the European Union has taken several steps regarding enlargement. We focus on the accession of countries with which the Union is actively negotiating membership. This is examined under two enlargement scenarios: first, the…
Executive accountability is increasingly viewed as a critical mechanism for improving corporate environmental performance, especially in state-owned enterprises (SOEs) that dominate high-emission sectors such as energy, infrastructure, and…
We develop a purely theoretical mechanism in which provincial bailouts are disciplined by two levers derived from Weighted Representative Democracy (WRD): a political shadow cost of public funds and a weighted-consent cap on any transfer.…
This study examines the economic social and environmental impacts of electric vehicle adoption in Bangladesh using survey data from 57 respondents and secondary research. Findings show strong public perception of electric vehicles as cost…
There are many published estimates of the social cost of carbon. Some are clear outliers, the result of poorly constrained models. Percentile winsorizing is an option, but I here propose conceptual winsorizing: The social cost of carbon is…
We study the object reallocation problem under strict preferences. On the unrestricted domain, Ekici (2024) showed that the Top Trading Cycles (TTC) mechanism is the unique mechanism that is individually rational, pair efficient, and…
Amazon's new Multi-Touch Attribution (MTA) solution allows advertisers to measure how each touchpoint across the marketing funnel contributes to a conversion. This gives advertisers a more comprehensive view of their Amazon Ads performance…
Using data from over 500,000 dual-earner households in Mexico, we provide evidence of discontinuities in the distribution of relative income within households in Latin America. Similar to high-income countries, we observe a sharp drop at…
In his famous paper, Markowitz (1952) derived the dependence of portfolio random returns on the random returns of its securities. This result allowed Markowitz to obtain his famous expression for portfolio variance. We show that Markowitz's…
We study the design of voting mechanisms in a binary social choice environment where agents' cardinal valuations are independent but not necessarily identically distributed. The mechanism must be anonymous -- the outcome is invariant to…
The paper characterizes the Shannon (1948) and Tsallis (1988) entropies in a standard framework of decision theory, mixture sets. Procedural mixture sets are introduced as a variant of mixture sets in which it is not necessarily true that a…
The global financial crisis (GFC) triggered the use of macroprudential policies imposed on the banking sector. Using bank-level panel data for Israel for the period 2004-2019, we find that domestic macroprudential measures changed the…
US-China trade tensions, the COVID-19 pandemic, and the Russia-Ukraine conflict have disrupted and reshaped global supply chains. Existing studies caution that these tensions may not meaningfully reduce U.S. dependence on China-linked…
Brand equity and vertical integration are focal, strategic elements of a franchise system that can profoundly influence franchise performance. Despite the recognized importance of these two strategic levers and the longstanding research…
This paper examines fiscal policy spillovers through informal international financial channels, using the US stimulus checks as a positive, sudden, and direct fiscal shock. I utilize granular, transaction-level cryptocurrency data combined…
In 2023, the European Economic Association (EEA) Minorities in Economics Committee, in collaboration with the German Economic Association, conducted a professional climate survey to assess diversity, equity, and inclusion in the European…