经济学
The main goal of this article is to introduce an economic perspective in the social logic of space. Firstly, we describe the economic model of a linear city to show how depth can generate value by creating local monopolies in less…
In the object reallocation problem, achieving Pareto-efficiency is desirable, but may be too demanding for implementation purposes. In contrast, pair-efficiency, which is the minimal efficiency requirement, is more suitable. Despite being a…
As interest in economic narratives has grown in recent years, so has the number of pipelines dedicated to extracting such narratives from texts. Pipelines often employ a mix of state-of-the-art natural language processing techniques, such…
We study how inference methods for settings with few treated units that rely on treatment effect homogeneity extend to alternative inferential targets when treatment effects are heterogeneous -- namely, tests of sharp null hypotheses,…
Depression affects more than 280 million people worldwide, with poorer communities having disproportionate burden as well as barriers to treatment. This study examines the role of pharmacy pricing caps in access to antidepressants among…
The double/debiased machine learning (DML) framework has become a cornerstone of modern causal inference, allowing researchers to utilise flexible machine learning models for the estimation of nuisance functions without introducing…
The opening of the Gotthard Base Tunnel in 2017, the longest railway tunnel in the world, marked a milestone in Swiss transport policy. The tunnel, a part of the New Rail Link through the Alps, serves as a key instrument of the so-called…
The biastest command in Stata is a powerful and user-friendly tool designed to compare the coefficients of different regression models, enabling researchers to assess the robustness and consistency of their empirical findings. This command…
This paper proposes a semiparametric sieve approach to estimate impulse response functions of nonlinear time series within a general class of structural autoregressive models. We prove that a two-step procedure can flexibly accommodate…
We study an information design problem with continuous state and discrete signal space. Under convex and S-shaped value functions, the optimal information structure is interval-partitional and exhibits a dual expectations property: each…
To ensure security of supply in the power sector, many countries are already using or discussing the introduction of capacity mechanisms. Two main types of such mechanisms include capacity markets and capacity reserves. Simultaneously, the…
We analyse economic growth vulnerability of the four largest Euro Area (EA) countries under stressed macroeconomic and financial conditions. Vulnerability, measured as a lower quantile of the growth distribution conditional on EA-wide and…
There is increasing acknowledgement - including from the UK government - of the benefit of employing deliberative processes (deliberative fora, citizens' juries, etc.). Evidence suggests that the qualitative reporting of deliberative fora…
Background: Any sample of individuals has its own, unique distribution of preferences for choices that they make. Discrete choice models try to capture these distributions. Mixed logits are by far the most commonly used choice model in…
The COVID-19 pandemic reignited debate on the U.S. Phillips curve. Using MSA-level panel data (2001-2024), we employ a Two-Stage Least Squares (2SLS) instrumental variable strategy with a shift-share instrument to estimate core non-tradable…
Price transmission has been studied extensively in agricultural economics through the lens of spatial and vertical price relationships. Classical time series econometric techniques suffer from the "curse of dimensionality" and are applied…
Road infrastructure significantly impacts how people move and live and the emissions associated with travel behaviour. The design of roads is crucial in mitigating emissions. This paper reviews existing transport life cycle assessment tools…
Consumption practices are determined by a combination of economic, social, and cultural forces. We posit that lower economic constraints leave more room to diversify consumption along cultural and social aspects in the form of omnivorous or…
Difference-in-differences (DiD) is arguably the most popular quasi-experimental research design. Its canonical form, with two groups and two periods, is well-understood. However, empirical practices can be ad hoc when researchers go beyond…
Researchers often use instrumental variables (IV) models to investigate the causal relationship between an endogenous variable and an outcome while controlling for covariates. When an exogenous variable is unavailable to serve as the…