AbstractThis paper studies productivity and preferences in scientific research. Collaboration is increasingly important for innovation in science and other domains, but we have limited understanding of the factors researchers use to choose their collab…
AbstractWhile economic theories indicate that market power by downstream firms can potentially counteract market power upstream, antitrust policy is opaque as to whether to incorporate countervailing market power in merger analyses. We use detailed nat…
AbstractWe identify earnings impacts of exposure to an infant health intervention in Sweden, using individual-linked administrative data to trace potential mechanisms. Leveraging quasi-random variation in eligibility, we estimate that exposure was asso…
AbstractMany development programs that attempt to disseminate improved technologies are limited in duration because of external funding constraints or an assumption of impact sustainability, but there is limited evidence on whether and when terminating…
AbstractThe existence of collective reputation implies an important externality. Among firms trading internationally, quality shocks about one firm’s products could affect the demand of other firms from the same origin country. We study such a reputati…
AbstractWe exploit inheritance episodes to provide novel causal evidence on the long-run effects of a large financial windfall on saving behavior. For identification, we combine a longitudinal panel of administrative wealth reports with variation in th…
AbstractBerkson errors are commonplace in empirical microeconomics. In consumer demand, this form of measurement error occurs when the price an individual pays is measured by the (weighted) average price paid by individuals in a group (e.g., a county) …
AbstractDo individuals care about their relative income? While this is a long-standing hypothesis, revealed-preference evidence remains elusive. We provide a unique test by studying residential choices: individuals often must choose between places with…
AbstractOver the past fifteen years, eleven states have restricted employers’ access to the credit reports of job applicants. We estimate that county-level job vacancies have fallen by 5.5% in occupations affected by these laws relative to exempt occup…
AbstractWe use a survey experiment to generate direct evidence on how people acquire and process information. Participants can buy different information signals that could help them forecast future national home prices. We elicit their valuations and e…