Best of #econtwitter - Week of February 20, 2022 [1/3]
Welcome readers old and new to this week’s edition of Best of Econtwitter. Thanks to those sharing suggestions, over email or on Twitter @just_economics.
Paper summary threads
🚨New Working Paper!🚨 The rise of PE ownership leads to important tradeoffs for news. In joint work with and Sabrina Howell, we highlight benefits: - higher survival - more digital circulation and costs: - less local news - less employment - lower civic engagement
Private equity ownership of newspapers raises digital circulation and survival, but adversely affects local news content, employment, and civic engagement, from @startupecon, @arpitrage, and Sabrina T. Howell https://t.co/73qdP07jNH https://t.co/ALxh6NAd4Z
This is a neat result in (and I don't think Adam Dearing is on twitter). The paper asks the question: What does a single change in the tax rate allow us to learn about Supply & Demand in a multi-product oligopoly setting? 1/4
Recently published paper in the @JPubEcon : "Estimating Structural Demand and Supply Models Using Tax Rates as Instruments" Vol 205 (Jan 2022) by Adam Dearing (@Cornell ) https://t.co/egZe1YFRm0
Journal of Public Economics @JPubEcon
When learning from observations, Bayesian updating is evolutionarily optimal. This is consistent with many non-human animal species’ foraging and reproductive decisions. But human observational learning deviates from unbiased Bayesian updating in various ways. 1/N
Fascinating evolutionary model by our lab's @ptshpark illustrating how our species' reliance on social learning and CREDs might create some of our individual decision-making biases: @mmuthukrishna @robert_t_boyd @rlmcelreath https://t.co/ffdoa8DIgs
Joe Henrich @JoHenrich
**Alert** & I have a new preprint on a better way to model & test for adaptive developmental plasticity. Of interest across fields (bio/med/econ/ecol & evol/psych) who test theories of evolutionary adaptation.
This study by finds that the public's trust in the quality of government is correlated with government's trustworthiness - but only in "open societies". "But no such relationship is observed in closed societies, where states [control the media]."
Norris, Pippa. "#Trust in #Government Redux: The Role of Information Environments and Cognitive Skills." HKS Faculty Research Working Paper Series RWP22-001, January 2022. By @PippaN15 @Harvard using @WVS_Survey & @evs_values Full text available at: https://t.co/FlIHVop2pS https://t.co/l3jlOataBz
World Values Survey @WVS_Survey
Today, and I are releasing a new paper on smart contract front-running on the blockchain. It uses mechanism design to solve the problem. ssrn.com/abstract=40346… 1/n
1/12 Interested in whether drug copay coupons – which reduce patients’ out-of-pocket burden but leave payers’ tab unchanged – affect U.S. drug spending? Check out my new working paper with Kate Ho &
1/ Inverse Selection, new paper with and Carlos Segura-Rodriguez. With the advent of Big Data, AI and Machine Learning, should we think about standard screening models, eg. used for insurance or credit markets, differently? papers.ssrn.com/sol3/papers.cf…
Today, the paper by analyzing young adults + labor markets in SSA, w/a wealth of fascinating detail + graphs. Focuses on emp of young adults 18-24, in 28 SSA countries and comparison group (40 LMICs in other regions)
People viscerally hate inflation while economic models associate small costs to it. argues that people should therefore worry less about inflation. But maybe instead models should capture people's sentiments better. Our model aims to do this: doi.org/10.1093/jeea/j…
My newsletter today People Hate Inflation. Sometimes Too Much. https://t.co/FlBq27h3q0
Peter Coy @petercoy
Civic engagement systematically declines when the Internet speed rises. Time-consuming activities oriented to the pursuit of collective welfare, suffer the most from broadband penetration, while relationships with family and friends are less affected. buff.ly/3JGmOzh
Proud to announce a new set of journals. I will be leading JPE-Micro, alongside a distinguished group of 6 Co-Editors. Check out our new website and send us your best work! More to come soon on our new policies/paper sets/etc. journals.uchicago.edu/journals/jpe/m…
Re: great news that launches and , new journals with new excellent editorial teams. I very much hope there will be the Journal of Political Economy Political Economy journal as well.
I think you mean “JPE:Theory of Income” and “JPE:Price Theory,” no? https://t.co/0sPXYqTMwY
Have you heard? We are adding two journals to the JPE family! Read more about JPE Macroeconomics, JPE Microeconomics, and other news from the JPE at https://t.co/D9qvdFaGtb https://t.co/6jriykBmPD
Want to read an insane tenure denial story? I was denied tenure at MIT in 2018. I was the only Hispanic faculty at my department, had 13k+ citations, 2 books, & papers in Nature, Science, & PNAS. I was never given a reason & the only letter I got told me to check the website./1🧵
“Look Cesar, the truth is that, if you are a mediocre researcher, but your department wants to keep you, they’ll find a way to keep you. And if you are a strong researcher, and your department wants to get rid of you, they’ll find a way to get rid of you.”