Which strategies work to improve preschool quality? In new research published in JPE, Yale University's Orazio Attanasio (Orazio Attanasio) + coauthors partnered w/ the Colombian govt to evaluate a nationwide preschool program. Read the research summary here: economics.yale.edu/news/240814/ne…

"We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline." By Jose Betancourt (Yale University), Ali Hortaçsu (UChicago Economics), Aniko Öry (Tepper CMU), Kevin R Williams (Yale School of Management): cowles.yale.edu/research/cfdp-…

NEW in NBER: "Tasks At Work: Comparative Advantage, Technology and Labor Demand" By Daron Acemoglu, Fredric Kong, & Pascual Restrepo: nber.org/papers/w32872

NEW in NBER: "Direct and Indirect Taxes in Pollution Dynamics" By Vladimir Smirnyagin (UVA), Aleh Tsyvinski (Yale University) & Xi Wu (Haas School of Business): nber.org/papers/w32852

NEW Discussion Paper: "Intrahousehold Welfare: Theory and Application to Japanese Data" By Pierre-André Chiappori, Costas Meghir, & Yoko Okuyama: cowles.yale.edu/research/cfdp-…

NEW Discussion Paper: "A General Limit Theory for Nonlinear Functionals of Nonstationary Time Series" By Qiying Wang (University of Sydney) & Peter C. B. Phillips (Yale Department of Economics): cowles.yale.edu/research/cfdp-…

The Department of Economics is excited to welcome five new professors to its faculty this fall, and one new Postdoctoral Associate who will later join as a faculty member. Read more about their background and research interests here: economics.yale.edu/news/240829/de…

NEW in NBER: "Conviction, Incarceration, and Recidivism: Understanding the Revolving Door" By John Eric Humphries, Aurelie Ouss, Kamelia Stavreva, Megan Stevenson, & Winnie van Dijk: nber.org/papers/w32894

NEW in Journal of Finance: "Information Aggregation with Asymmetric Asset Payoffs" By Elias Albagli, Christian Hellwig, & Aleh Tsyvinski: economics.yale.edu/research/cfp-1…

What determines inflation expectations, and how do they affect actual inflation? NEW Discussion Paper by Ray C. Fair: cowles.yale.edu/research/cfdp-…

NEW in the Sept. 2024 American Economic Review: "Investing in the Next Generation: The Long-Run Impacts of a Liquidity Shock" By Patrick Agte, Arielle Bernhardt, Erica Field, Rohini Pande, & Natalia Rigol: economics.yale.edu/research/cfp-1…

NEW Discussion Paper: "A Non-Envelope Theorem with Linearly Homogeneous Constraints" By Eduardo Dávila (Yale Department of Economics) & Andreas Schaab (Berkeley Economics): cowles.yale.edu/research/cfdp-…

Free on YouTube: See the full lectures of Financial Theory (Econ 251), by John Geanakoplos: youtube.com/watch?v=vTs2IQ… Syllabus + course materials available on Open Yale University Courses: oyc.yale.edu/economics/econ…

"Analyzing the universe of federal environmental regulations in the U.S., we construct a measure of regulations—direct taxes on pollution." NEW Discussion Paper by Vladimir Smirnyagin (UVA Economics), Aleh Tsyvinski (Yale Department of Economics) & Xi Wu (Haas School of Business): cowles.yale.edu/research/cfdp-…

NEW in NBER: "Estimating Flexible Income Processes from Subjective Expectations Data: Evidence from India and Colombia" By Manuel Arellano, Orazio Attanasio, Samuel Crossman, & Víctor Sancibrián: nber.org/papers/w32922

Free on YouTube: See the full lectures of Financial Markets (Econ 252), by Robert Shiller: youtube.com/watch?v=WQui_3… Syllabus + course materials available on Open Yale University Courses: oyc.yale.edu/economics/econ…

The envelope theorem is a central tool for comparative statics of unconstrained & constrained optimization problems. NEW Cowles Discussion Paper discusses the impact of parameter perturbations on the value of the objective away from optimums: cowles.yale.edu/research/cfdp-…