Best of #econtwitter - Week of September 24, 2023: paper summaries
Welcome readers old and new to this week’s edition of Best of Econtwitter. Please submit suggestions — very much including your own work! — over email or on Twitter @just_economics.
Too many papers this week, slow down please
^a lot of nice graphical results in this thread
Hot take: while many overestimate the zero-sumness of the world in some ways, economists wildly underestimate how zero-sum the world is. The fundamental issue is that some things that enter the utility function are rank-dependent, and so must be zero-sum. Think about status! (Although: if the market or other mechanisms create new status dimensions, then the role of zero-sum status competitions can be lessened, at least.) “Markets in almost nothing”/“massively incomplete markets”, as one econ writer once put it.
(None of that diminishes this paper, obviously, which looks very interesting)
^mega tweet with a lot of graphs
Replications, or not
More paper summaries
^this newsletter is not going to stop highlighting the need for the Asher-Novosad-Rafkin adjustment until everyone is taking it into consideration