A thread about “A/B Contracts” with Michael Powell. Imagine you hire salespeople every summer to go door to door selling kitchen knife sets, and you pay them a piece rate for each sale. Should you increase or decrease this piece rate? (1/14)

Planners who value long-term growth should allocate more R&D toward key sectors that are upstream in the innovation network, from Ernest Liu and Song Ma nber.org/papers/w29607

I thought about starting to celebrate Daron Acemoglu day, which is the day of the year that my total citations get surpassed by Acemoglu's citations FROM THE CURRENT YEAR. This year it's today, the first day at which Google Scholar reports 2022 citations. He's at 365 already...

Monika Piazzesi on R&Rs and rejections. Full interview: simonbowmaker.com/s/Piazzesi.pdf

NEP-DGE Blog: Dynamic spatial general equilibrium, by Benny Kleinman, Ernest Liu, @ReddingEcon nepdge.wordpress.com/2022/05/17/dyn…

[CONFERENCE] 💥« Conference in Memory of the Work of Emmanuel FARHI » ⌛June 13 2022 until June 14 2022, from 8:30 pm to 7pm 📍Collège de France Collège de France , 11 Place Marcelin Berthelot 75005 Paris ✔️ Open to everyone without registration access

A recent The Economist article cites work by Benny Kleinman Ernest Liu & @ReddingEcon on how greater economic interdependence between countries leads to stronger political alignment on the global stage. economist.com/finance-and-ec…

📢What a pleasure to welcome Ernest Liu (Princeton University) at Collège de France to present his paper with Song Ma (Yale School of Management) to talk about "Innovation Networks and Innovation Policy" #FarhiConf #EconTwitter

Chinese firms dislike investors with government ties: benefits of political connections are small compared to cons (e.g., political interference in decision-making). Government investments reflect a desire to control the private sector. nber.org/papers/w30161 Ernest Liu

A field experiment in China's venture capital market shows that, to avoid political interference in decision-making, firms prefer to have private rather than government-connected investors, from Emanuele Colonnelli, Bo Li, and Ernest Liu nber.org/papers/w30161

Small entrepreneurs enjoy very high returns on capital - yet, microcredit has not catalyzed entrepreneurship in developing countries. Ernest Liu & Ben Roth's dynamic model of informal lending helps reconcile these seemingly inconsistent facts: zcu.io/QoSW

Look forward to presenting at Stanford Digital Economy Lab!

Congratulations to Benny Kleinman and the other winners. But hardly a surprise, if you have been following what we’ve been saying about Benny.

I feel like sum thing’s missing

Now in Econometrica (Econometrica), from @ReddingEcon, Ernest Liu, and Benny Kleinman (Princeton PhD candidate): bit.ly/3LoifNZ

🚨New paper alert 🚨 Excited to share our recently published paper in Information Systems research, which investigates long-range social influence in phone communication networks. This work began during the early days of my PhD and it feels fantastic to finally see it in print.

The emergence of the AI-driven digital economy has raised concerns about the market power of firms that sell data. In a new paper, Ernest Liu, Song Ma, and Laura Veldkamp outline how data markets function and examine key policy questions. brookings.edu/articles/data-…

Ernest Liu and I are looking for a pre-doc researcher to join us & collaborators to continue our research on innovation and science policy. A great opportunity to get exposure to both cool empirical work and theory. Econ RA Listings Tobin Center for Economic Policy Link: tobin.yale.edu/opportunities/…

Extremely honored to receive this award, and congratulations to the other recipients David Yang Nitya Pandalai-Nayar Dmitry Mukhin !

🆕 Judicial reform in #China reduced court capture & promoted economic integration. 🇨🇳 Today on VoxDev, Ernest Liu Princeton Bendheim Center for Finance Princeton Economics, Yi Lu Tsinghua University, Wenwei Peng Harvard Department of Economics & Shaoda Wang Harris Policy outline their research: voxdev.org/topic/institut…