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Asymmetric Players in a Meritocracy: A Case for Affirmative Action

By Tanjim Hossain and John Morgan

蝌蚪网 Journal: Microeconomics, August 2025

We model decisions to apply for college admission, attend job auditions, or run for C-suite positions as costly entry into meritocracies, where the entrant with the highest ability wins a reward. Ability is privately known and players generically differ i...

Reputation and Efficiency: Information Design

By Allen Vong

蝌蚪网 Journal: Microeconomics, August 2025

A firm trades with a sequence of consumers who are unsure about the firm's competence and its effort to supply quality. I examine rating systems that sustain efficient outcomes in virtually all trades by providing consumers with information to motivate a ...

Information Acquisition and Product Differentiation Perception

By Gary Biglaiser, Jiadong Gu, and Fei Li

蝌蚪网 Journal: Microeconomics, August 2025

We consider the equilibrium interplay between sellers' price competition and consumers' perception of product differentiation. We analyze a situation where, before trading, consumers acquire information at a cost about their preferences between sellers' d...

Asymptotic Learning with Ambiguous Information

By 笔毛濒濒耻尘产 Reshidi, 闯辞茫辞 Thereze, and Mu Zhang

蝌蚪网 Journal: Microeconomics, August 2025

We study asymptotic learning when the decision-maker faces ambiguity in the precision of her information sources. She aims to estimate a state and evaluates outcomes according to the worst-case scenario. Under prior-by-prior updating, we characterize the ...

Free Riding and Unequal Pay in Symmetric Teams

By Huseyin Yildirim

蝌蚪网 Journal: Microeconomics, August 2025

This paper studies dynamic incentive pay in teams where agents' efforts are perfect substitutes. It shows that the principal may unequally reward identical agents to mitigate dynamic free riding in the form of procrastination. Unequal pay effectively crea...

Competition and Defaults in Online Search

By Francesco Decarolis, Muxin Li, and Filippo Paternollo

蝌蚪网 Journal: Microeconomics, August 2025

This paper offers the first systematic quantitative assessment of default-option interventions designed to mitigate Google's search dominance. By analyzing interventions in the European Economic Area (EEA), Russia, and Turkey, we find that across all thre...

Unraveling and Inefficient Matching

By Akhil Vohra

蝌蚪网 Journal: Microeconomics, August 2025

Labor markets unravel when workers and firms match inefficiently early under limited information. I argue that a significant determinant of unraveling is the presence of a secondary market, where firms can poach workers, and its transparency: how well fir...

Bargaining and Information Acquisition

By Kalyan Chatterjee, Miaomiao Dong, and Tetsuya Hoshino

蝌蚪网 Journal: Microeconomics, August 2025

We consider an ultimatum game where the value of the object being sold to the buyer is high or low. The seller knows the value, but the buyer does not. The value to the seller is zero. We introduce the option for the buyer to acquire costly information af...

Mergers, Entry, and Consumer Welfare

By Peter Caradonna, Nathan H. Miller, and Gloria Sheu

蝌蚪网 Journal: Microeconomics, August 2025

We model merger-induced entry in the context of differentiated-products price competition. We fully characterize the combinations of merger efficiencies and entrant qualities that can mitigate the adverse equilibrium welfare effects of an otherwise antico...

Monitoring Team Members: Information Waste and the Transparency Trap

By Matteo Camboni and Michael Porcellacchia

蝌蚪网 Journal: Microeconomics, August 2025

In a model of moral hazard in teams, we demonstrate that firms' concerns about low trust among teammates can justify two common but otherwise puzzling patterns: information waste and transparency trap. We find firms predominantly employ individual perform...

China鈥檚 Nationwide CO2 Emissions Trading System: A General Equilibrium Assessment

By Lawrence H. Goulder, Xianling Long, Chenfei Qu, and Da Zhang

蝌蚪网 Journal: Economic Policy

China鈥檚 CO2 emissions trading system, the world鈥檚 largest, aims to significantly reduce CO2 emissions. The system is a tradable performance standard (TPS), differing from cap and trade (C&T). We provide a dynamic general equilibrium assessment that un...

Front Matter

蝌蚪网 Journal: Economic Policy, August 2025

Healthy at Work? Evidence from a Social Experimental Evaluation of a Firm-Based Wellness Program

By Marianne Simonsen and Lars Skipper

蝌蚪网 Journal: Economic Policy, August 2025

We employ a large social experiment combined with register-based data, allowing for up to 12-year follow-up to evaluate a long-lasting employer-sponsored health and well-being program. We show that employees at treated worksites receive fewer consultation...

Does the "Boost for Mathematics" Boost Mathematics? A Large-Scale Evaluation of the "Lesson Study" Methodology on Student Performance

By Erik 骋谤枚苍辩惫颈蝉迟, 叠箩枚谤苍 脰肠办别谤迟, and Olof Rosenqvist

蝌蚪网 Journal: Economic Policy, August 2025

Students in East Asian countries dominate international assessments. One possible explanation for their success is the use of "Lesson study" to enhance teaching practices; a collaborative process where teachers plan, observe, and analyze a lesson together...

Fiscal Rules and the Selection of Politicians: Theory and Evidence from Italy

By Matteo Gamalerio and Federico Trombetta

蝌蚪网 Journal: Economic Policy, August 2025

Fiscal rules, or constraints on the policymaking discretion of elected officials, are widely used to regulate fiscal policies. Using data on Italian municipalities, we employ a difference-in-discontinuity design to provide evidence of the negative effect ...

Routine-Biased Technological Change and Endogenous Skill Investments

By Danyelle Branco, Bladimir Carrillo, and Wilman Iglesias

蝌蚪网 Journal: Economic Policy, August 2025

We investigate how individuals alter their educational investments in response to routine-biased technology. We find that individuals growing up in robot-impacted areas are more likely to complete a bachelor's degree and experience a relative increase in ...

Should College Be "Free"? Evidence on Free College, Early Commitment, and Merit Aid from an Eight-Year Randomized Trial

By Douglas N. Harris and Jonathan Mills

蝌蚪网 Journal: Economic Policy, August 2025

We provide evidence on the effects of college financial aid from an eight-year randomized trial offering ninth graders a $12,000 merit-based grant. The program was designed to be free of tuition/fees at community colleges and substantially lower the cost ...

Communication Barriers and Infant Health: The Intergenerational Effect of Randomly Allocating Refugees across Language Regions

By Daniel Auer and Johannes S. Kunz

蝌蚪网 Journal: Economic Policy, August 2025

This paper investigates the intergenerational effect of communication barriers on child health at birth. We study refugees in Switzerland who come from French- or Italian-speaking countries and who, upon arrival, are randomly allocated to different canton...

The Long-Run Effects of Peer Gender on Occupational Sorting and the Wage Gap

By Demid Getik and Armando N. Meier

蝌蚪网 Journal: Economic Policy, August 2025

We study the impact of the early gender environment on inequality in the labor market. To this end, we link primary school data to occupations and earnings. We find that women exposed to more girls at critical ages earn more later on: A 10 percent increas...

Closing the Gender Gap in Patenting: Evidence from a Randomized Control Trial at the USPTO

By Nicholas A. Pairolero, Andrew A. Toole, Peter-Anthony Pappas, Charles A. W. de Grazia, and Mike H. M. Teodorescu

蝌蚪网 Journal: Economic Policy, August 2025

Analyzing a randomized control trial at the United States Patent and Trademark Office that was designed to provide additional help to applicants who do not have legal representation, we find heterogeneous causal impacts across inventor gender, driven prim...