òòò½Íø

Changing Business Cycles: The Role of Women's Employment

By Stefania Albanesi

òòò½Íø Journal: Macroeconomics, October 2025

Women's labor force participation in the United States rose rapidly until the mid-1990s when it flattened out. I examine the impact of this change in trend on aggregate business cycles with a quantitative model that incorporates gender differences. I show...

Information and the Formation of Inflation Expectations by Firms: Evidence from a Survey of Israeli Firms

By Yuriy Gorodnichenko, Ari Kutai, and Rafi Melnick

òòò½Íø Journal: Macroeconomics

We analyze how firms form their inflation expectations after a regime change in monetary policy and a transition to a low-inflation environment. Utilizing the Bank of Israel’s survey of firms, we document the basic properties of firms’ inflation expec...

Screening Adaptive Cartels

By Juan Ortner, Sylvain Chassang, and Kei Kawai

òòò½Íø Review: Insights

We propose an equilibrium theory of data-driven antitrust oversight in which regu- lators launch investigations on the basis of suspicious bidding patterns and cartels can adapt to the statistical screens used by regulators. Our main result establishes ...

Health Sector Structural Change

By Nick Pretnar and Maria Feldman

òòò½Íø Journal: Macroeconomics

The U.S. health-services sector has grown both in terms of its expenditure share and relative price. Using a two-sector general equilibrium model with monopolistic competition and endogenous population, we find that relative price growth is almost enti...

Annual Meeting Registration and Other Announcements

[News]

September 03, 2025

View the òòò½Íø Member Announcement from September 4th, 2025.

òòò½Íø Elections and Other Announcements

[News]

October 03, 2025

View the òòò½Íø Member Announcement from October 6th, 2025.

Don’t Miss Out on the òòò½Íø Program at the ASSA Annual Meeting

[News]

October 28, 2025

View the òòò½Íø Member Announcement from October 28th, 2025.

Front Matter

òòò½Íø Journal: Microeconomics, November 2025

Does Public Competition Crowd Out Private Investment? Evidence from Municipal Provision of Internet Access

By Kyle Wilson

òòò½Íø Journal: Microeconomics, November 2025

Government infrastructure investment may crowd out investment from private firms or induce them to invest preemptively. The tension between these effects underlies the policy debate over municipal provision of internet access. I estimate demand for broadb...

Optimal Voting Mechanisms on Generalized Single-Peaked Domains

By Tobias Rachidi

òòò½Íø Journal: Microeconomics, November 2025

This paper studies the design of voting mechanisms. There are multiple alternatives, and the voters have generalized single-peaked preferences derived from median spaces as introduced in Nehring and Puppe (2007b). This class of preferences covers a wide r...

Common Ownership and Market Entry: Evidence from the Pharmaceutical Industry

By Melissa Newham, Jo Seldeslachts, and Albert µþ²¹²Ô²¹±ô-·¡²õ³Ù²¹Ã±´Ç±ô

òòò½Íø Journal: Microeconomics, November 2025

Common ownership—where several firms are (partially) owned by the same investors—and its impact on product market competition has recently drawn much attention. This paper focuses on its implications for market entry. We consider the entry decisions o...

Optimal Trade Mechanisms with Adverse Selection and Inferential Naïvety

By Takeshi Murooka and Takuro Yamashita

òòò½Íø Journal: Microeconomics, November 2025

We study an adverse selection environment in which a buyer's inferential ability is heterogeneous: A rational type correctly infers the value of the good from a seller's offer, whereas a naïve type is inattentive to the correlation between the seller's p...

Dynamic Screening and the Dual Roles of Monitoring

By Dhruva Bhaskar

òòò½Íø Journal: Microeconomics, November 2025

This paper studies monitoring in long-term, self-enforcing relationships with adverse selection and moral hazard. Monitoring is used to screen low types by incentivizing them to shirk. Once high types have been identified, monitoring is used both to incen...

Simple Manipulations in School Choice Mechanisms

By Ryo Shirakawa

òòò½Íø Journal: Microeconomics, November 2025

Market design mechanisms are often required to be strategy proof, ensuring that no misreporting is profitable. This, however, may be overly restrictive: Real-world participants may be unable to engage in complex misreporting. In the context of school choi...

Holding Platforms Liable

By Xinyu Hua and Kathryn E. Spier

òòò½Íø Journal: Microeconomics, November 2025

Should platforms be liable for harms suffered by users? A platform enables interactions between firms and users. Harmful firms impose larger costs on users than safe firms. If firms have deep pockets and are fully liable for harms, platform liability is u...

Social Learning and Strategic Pricing with Rating Systems

By Chia-Hui Chen, Kong-Pin Chen, and Junichiro Ishida

òòò½Íø Journal: Microeconomics, November 2025

Rating systems, widely used in online transactions, often reduce buyers' diverse opinions to summary statistics. To explore the consequences of this coarse aggregation, we analyze a dynamic adverse selection model where buyers share anonymous evaluations ...

Market Segmentation and Product Steering

By Stefan Terstiege and Adrien Vigier

òòò½Íø Journal: Microeconomics, November 2025

A monopolistic seller possesses an inventory containing distinct products, each consumer wishes to buy a single product, and the seller can steer consumers' choices. We fully characterize the producer-consumer surplus pairs induced by market segmentation ...

Heterogeneous Noise and Stable Miscoordination

By Srinivas Arigapudi, Yuval Heller, and Amnon Schreiber

òòò½Íø Journal: Microeconomics, November 2025

Coordination games feature two types of equilibria: pure equilibria, where players successfully coordinate their actions, and mixed equilibria, where players frequently experience miscoordination. We investigate learning dynamics where agents observe the ...

Underestimating Learning by Doing

By Samantha Horn and George Loewenstein

òòò½Íø Journal: Microeconomics, November 2025

Many economic decisions, such as whether to invest in developing new skills, change professions, or purchase a technology, benefit from accurate estimation of skill acquisition. We examine the accuracy of such predictions by having study participants pred...

(Pro-)Social Learning and Strategic Disclosure

By Roland µþé²Ô²¹²ú´Ç³Ü and Nikhil Vellodi

òòò½Íø Journal: Microeconomics, November 2025

We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic). However, agents can disclos...