Advanced Concepts 6 min read
The dark side of decision-making in groups: Nastiness to outsiders
Plato wrote about the limits of democracy, as did the founding fathers of the American constitution. More recently, social scientists…
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Assortative matching in cities
In most countries around the world, there are large internal wage disparities between cities (Moretti 2011, Combes et al. 2008).…
Advanced Concepts 7 min read
The return on information technology
The interest from economists and politicians in information technology (IT) is not new. However, opinions among economists about the importance…
Advanced Concepts 6 min read
The short-run effects of GDPR on technology venture investment
On 25 May 2018, the EU’s sweeping new data law went into effect. The General Data Protection Regulation (GDPR) is…
Advanced Concepts 6 min read
The role of high deductibles in healthcare spending growth
An enduring goal of health policy around the world is improving quality while reducing costs. This goal is particularly pressing…
Advanced Concepts 6 min read
The economics of cryptocurrency pump and dump schemes
The digital currency bitcoin (BTC) was introduced in 2009. Bitcoin and the many other digital currencies are primarily online currencies.…
Advanced Concepts 8 min read
Leverage, financial shocks, and firm growth in the US
There is an extensive literature studying the growth and employment dynamics of US firms over their life-cycle (for one of the…
Advanced Concepts 5 min read
Retail investors are not noise traders
Much of the literature on investments and investor types labels individual or retail investors as ignorant, uninformed, and trading on…
Advanced Concepts 8 min read
Inequality in the joint distribution of consumption and time use
analyses of economic wellbeing rely almost exclusively on wage or income data. Though measures of income are readily available from…
Advanced Concepts 6 min read
Banking integration in the EMU: Let’s get real!
As the euro approaches its 20th birthday, it has been a catalyst for banking integration among its members, but this…
Advanced Concepts 6 min read
The effect of machine learning on credit markets
Many of the recent successes of machine learning and artificial intelligence have been driven by the rapid development of techniques…
Advanced Concepts 5 min read
Populism and civil society
Populism is not new. Waves of populism spread through Russia and the US at the end of the 19th century…