Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica - Volume 90

Issue 1

Goals and Gaps: Educational Careers of Immigrant Children

Michela Carlana, Eliana La Ferrara, Paolo Pinotti
p. 1-29

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Frontmatter of Econometrica Vol. 90 Iss. 1

p. i-ii

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A Comment on: “Goals and Gaps: Educational Careers of Immigrant Children” by Michela Carlana, Eliana La Ferrara, Paolo Pinotti

Melissa Dell
p. 31-33

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A Comment on: “Goals and Gaps: Educational Careers of Immigrant Children” by Michela Carlana, Eliana La Ferrara, Paolo Pinotti

Rebecca Diamond
p. 35-37

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A Comment on: “Goals and Gaps: Educational Careers of Immigrant Children” by Michela Carlana, Eliana La Ferrara, Paolo Pinotti

Laura Giuliano
p. 39-42

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Reply to: Comments on “Goals and Gaps: Educational Careers of Immigrant Children”

Michela Carlana, Eliana La Ferrara, Paolo Pinotti
p. 43-46

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Dynamically Aggregating Diverse Information

Annie Liang, Xiaosheng Mu, Vasilis Syrgkanis
p. 47-80

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RCTs to Scale: Comprehensive Evidence from Two Nudge Units

Stefano DellaVigna, Elizabeth Linos
p. 81-116

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Breaking Ties: Regression Discontinuity Design Meets Market Design

Atı̇la Abdulkadı̇roğlu, Joshua D. Angrist, Yusuke Narita, Parag Pathak
p. 117-151

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Patterns of Competitive Interaction

Mark Armstrong, John Vickers
p. 153-191

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Low Interest Rates, Market Power, and Productivity Growth

Ernest Liu, Atif Mian, Amir Sufi
p. 193-221

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Media Competition and Social Disagreement

Jacopo Perego, Sevgi Yuksel
p. 223-265

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Causal Inference Under Approximate Neighborhood Interference

Michael P. Leung
p. 267-293

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On the Factor Structure of Bond Returns

Richard K. Crump, Nikolay Gospodinov
p. 295-314

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Robust Screens for Noncompetitive Bidding in Procurement Auctions

Sylvain Chassang, Kei Kawai, Jun Nakabayashi, Juan Ortner
p. 315-346

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Identification and Estimation of a Partially Linear Regression Model using Network Data

Eric Auerbach
p. 347-365

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A ReMeDI for Microstructure Noise

Z. Merrick Li, Oliver Linton
p. 367-389

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Banks, Liquidity Management, and Monetary Policy

Javier Bianchi, Saki Bigio
p. 391-454

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Forthcoming Papers

p. 455-455

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The Econometric Society Annual Reports. Report of the Secretary

p. 457-472

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The Econometric Society Annual Reports. Report of the Treasurer

p. 473-483

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The Econometric Society Annual Reports. Report of the Editors 2020–2021

p. 485-488

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The Econometric Society Annual Reports. Econometrica Referees 2020–2021

p. 489-500

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The Econometric Society Annual Reports. Report of the Editors of the Monograph Series

p. 501-503

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 505-505

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Backmatter of Econometrica Vol. 90 Iss. 1

p. iii-v

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Issue 2

Frontmatter of Econometrica Vol. 90 Iss. 2

p. i-ii

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Unwilling to Train?—Firm Responses to the Colombian Apprenticeship Regulation

Santiago Caicedo, Miguel Espinosa, Arthur Seibold
p. 507-550

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Model and Predictive Uncertainty: A Foundation for Smooth Ambiguity Preferences

Tommaso Denti, Luciano Pomatto
p. 551-584

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Optimal Discounting

Jawwad Noor, Norio Takeoka
p. 585-623

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Discretizing Unobserved Heterogeneity

Stéphane Bonhomme, Thibaut Lamadon, Elena Manresa
p. 625-643

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Optimal Taxation and R&D Policies

Ufuk Akcigit, Douglas Hanley, Stefanie Stantcheva
p. 645-684

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Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models

Xu Cheng, Winston Wei Dou, Zhipeng Liao
p. 685-713

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Optimal Decision Rules for Weak GMM

Isaiah Andrews, Anna Mikusheva
p. 715-748

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Global Banks and Systemic Debt Crises

Juan M. Morelli, Pablo Ottonello, Diego J. Perez
p. 749-798

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Range-Dependent Attribute Weighting in Consumer Choice: An Experimental Test

Jason Somerville
p. 799-830

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The Welfare Effects of Dynamic Pricing: Evidence from Airline Markets

Kevin R. Williams
p. 831-858

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Are Medical Care Prices Still Declining? A Re-examination Based on Cost-effectiveness Studies

Abe Dunn, Anne Hall, Seidu Dauda
p. 859-886

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Detecting p-Hacking

Graham Elliott, Nikolay Kudrin, Kaspar Wüthrich
p. 887-906

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Multivariate Rational Inattention

Jianjun Miao, Jieran Wu, Eric R. Young
p. 907-945

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Forthcoming Papers

p. 947-947

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2021 Election of Fellows to the Econometric Society

p. 949-965

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Backmatter of Econometrica Vol. 90 Iss. 2

p. iii-vi

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Issue 3

Frontmatter of Econometrica Vol. 90 Iss. 3

p. i-ii

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Automatic Debiased Machine Learning of Causal and Structural Effects

Victor Chernozhukov, Whitney K. Newey, Rahul Singh
p. 967-1027

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Dual-self representations of ambiguity preferences

Madhav Chandrasekher, Mira Frick, Ryota Iijima, Yves Le Yaouanq
p. 1029-1061

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Managers and Productivity in the Public Sector

Alessandra Fenizia
p. 1063-1084

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Randomize at your own Risk: on the Observability of Ambiguity Aversion

Aurélien Baillon, Yoram Halevy, Chen Li
p. 1085-1107

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Test Design under Falsification

Eduardo Perez‐Richet, Vasiliki Skreta
p. 1109-1142

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Affirmative Action in India via Vertical, Horizontal, and Overlapping Reservations

Tayfun Sönmez, M. Bumin Yenmez
p. 1143-1176

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The Limits of onetary Economics: On Money as a Constraint on Market Power

Ricardo Lagos, Shengxing Zhang
p. 1177-1204

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Testing for Differences in Stochastic Network Structure

Eric Auerbach
p. 1205-1223

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Signaling under Double-Crossing Preferences

Chia‐Hui Chen, Junichiro Ishida, Wing Suen
p. 1225-1260

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Misallocation, Selection, and Productivity: A Quantitative Analysis With Panel Data From China

Tasso Adamopoulos, Loren Brandt, Jessica Leight, Diego Restuccia
p. 1261-1282

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A Modern Gauss–Markov Theorem

Bruce E. Hansen
p. 1283-1294

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Optimal Monetary Policy in Production Networks

Jennifer La'O, Alireza Tahbaz‐Salehi
p. 1295-1336

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Long-Run Effects of Dynamically Assigned Treatments: a New Methodology and an Evaluation of Training Effects on Earnings

Gerard J. van den Berg, Johan Vikström
p. 1337-1354

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Adaptive Bayesian Estimation of Discrete-Continuous Distributions under Smoothness and Sparsity

Andriy Norets, Justinas Pelenis
p. 1355-1377

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Forthcoming Papers

p. 1379-1379

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The Econometric Society 2021 Annual Report of the President

p. 1381-1391

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Backmatter of Econometrica Vol. 90 Iss. 3

p. iii-v

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Issue 4

Frontmatter of Econometrica Vol. 90 Iss. 4

p. i-ii

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The Effect of Job Loss and Unemployment Insurance on Crime in Brazil

Diogo G. C. Britto, Paolo Pinotti, Breno Sampaio
p. 1393-1423

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Firm and Worker Dynamics in a Frictional Labor Market

Adrien Bilal, Niklas Engbom, Simon Mongey, Giovanni L. Violante
p. 1425-1462

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Mechanism Design with Limited Commitment

Laura Doval, Vasiliki Skreta
p. 1463-1500

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Locally Robust Semiparametric Estimation

Victor Chernozhukov, Juan Carlos Escanciano, Hidehiko Ichimura, Whitney K. Newey, James M. Robins
p. 1501-1535

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Optimal Dynamic Information Acquisition

Weijie Zhong
p. 1537-1582

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Robust Incentives for Teams

Tianjiao Dai, Juuso Toikka
p. 1583-1613

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From Imitation to Innovation: Where Is all that Chinese R&D Going?

Michael König, Kjetil Storesletten, Zheng Song, Fabrizio Zilibotti
p. 1615-1654

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The Analytic Theory of a Monetary Shock

Fernando Alvarez, Francesco Lippi
p. 1655-1680

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Maximum Likelihood Estimation in Markov Regime-Switching Models with Covariate-Dependent Transition Probabilities

Demian Pouzo, Zacharias Psaradakis, Martin Sola
p. 1681-1710

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Terrorism Financing, Recruitment, and Attacks

Nicola Limodio
p. 1711-1742

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Job Search Behavior among the Employed and Non-Employed

R. Jason Faberman, Andreas I. Mueller, Ayşegül Şahin, Giorgio Topa
p. 1743-1779

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Beyond Health: Nonhealth Risk and the Value of Disability Insurance

Manasi Deshpande, Lee M. Lockwood
p. 1781-1810

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Determination of Pareto exponents in economic models driven by Markov multiplicative processes

Brendan K. Beare, Alexis Akira Toda
p. 1811-1833

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Making a Narco: Childhood Exposure to Illegal Labor Markets and Criminal Life Paths

Maria Micaela Sviatschi
p. 1835-1878

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From Population Growth to Firm Demographics: Implications for Concentration, Entrepreneurship and the Labor Share

Hugo Hopenhayn, Julian Neira, Rish Singhania
p. 1879-1914

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A Comment on “Using Randomization to Break the Curse of Dimensionality”

Robert L. Bray
p. 1915-1929

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Forthcoming Papers

p. 1931-1931

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 1933-1933

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Comment on Andrews (1991) “Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation”

Alessandro Casini
p. o1-o2

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Comment on Jackson and Sonnenschein (2007) “Overcoming Incentive Constraints by Linking Decisions”

Ian Ball, Matthew O. Jackson, Deniz Kattwinkel
p. o3-o7

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Backmatter of Econometrica Vol. 90 Iss. 4

p. iii-v

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Issue 5

Frontmatter of Econometrica Vol. 90 Iss. 5

p. i-ii

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Editorial

p. 1935-1935

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Gender Differences in Peer Recognition by Economists

David Card, Stefano DellaVigna, Patricia Funk, Nagore Iriberri
p. 1937-1971

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Tasks, Automation, and the Rise in U.S. Wage Inequality

Daron Acemoglu, Pascual Restrepo
p. 1973-2016

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Preparing for the Worst But Hoping for the Best: Robust (Bayesian) Persuasion

Piotr Dworczak, Alessandro Pavan
p. 2017-2051

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Volatility and the Gains from Trade

Treb Allen, David Atkin
p. 2053-2092

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Fiscal Rules and Discretion under Limited Enforcement

Marina Halac, Pierre Yared
p. 2093-2127

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A General Framework for Robust Contracting Models

Daniel Walton, Gabriel Carroll
p. 2129-2159

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Full Information Equivalence in Large Elections

Paulo Barelli, Sourav Bhattacharya, Lucas Siga
p. 2161-2185

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Information Hierarchies

Benjamin Brooks, Alexander Frankel, Emir Kamenica
p. 2187-2214

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Experimentation and Approval Mechanisms

Andrew McClellan
p. 2215-2247

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Monetary Policy, Redistribution, and Risk Premia

Rohan Kekre, Moritz Lenel
p. 2249-2282

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Rules and Commitment in Communication: An Experimental Analysis

Guillaume R. Fréchette, Alessandro Lizzeri, Jacopo Perego
p. 2283-2318

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(S)Cars and the Great Recession

Orazio Attanasio, Kieran Larkin, Morten O. Ravn, Mario Padula
p. 2319-2356

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Market Size and Spatial Growth—Evidence From Germany's Post-War Population Expulsions

Michael Peters
p. 2357-2396

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Optimal Taxation of Income-Generating Choice

Laurence Ales, Christopher Sleet
p. 2397-2436

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Structural Rationality in Dynamic Games

Marciano Siniscalchi
p. 2437-2469

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Household Leverage and the Recession

Callum Jones, Virgiliu Midrigan, Thomas Philippon
p. 2471-2505

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Forthcoming Papers

p. 2507-2508

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Backmatter of Econometrica Vol. 90 Iss. 5

p. iii-v

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Issue 6

Frontmatter of Econometrica Vol. 90 Iss. 6

p. i-ii

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Empirical Strategies in Economics: Illuminating the Path from Cause to Effect

Joshua D. Angrist
p. 2509-2539

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Causality in Econometrics: Choice vs Chance

Guido W. Imbens
p. 2541-2566

Full Content Abstract

Robust Empirical Bayes Confidence Intervals

Timothy B. Armstrong, Michal Kolesár, Mikkel Plagborg‐Møller
p. 2567-2602

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General equilibrium effects of cash transfers: experimental evidence from Kenya

Dennis Egger, Johannes Haushofer, Edward Miguel, Paul Niehaus, Michael Walker
p. 2603-2643

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Uneven Growth: Automation's Impact on Income and Wealth Inequality

Benjamin Moll, Lukasz Rachel, Pascual Restrepo
p. 2645-2683

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Multinationals, Monopsony, and Local Development: Evidence from the United Fruit Company

Esteban Méndez, Diana Van Patten
p. 2685-2721

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Market Competition and Political Influence: An Integrated Approach

Steven Callander, Dana Foarta, Takuo Sugaya
p. 2723-2753

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Productivity Dispersion, Between-Firm Competition, and the Labor Share

Émilien Gouin‐Bonenfant
p. 2755-2793

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The Converse Envelope Theorem

Ludvig Sinander
p. 2795-2819

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A Negishi Approach to Recursive Contracts

Gaetano Bloise, Paolo Siconolfi
p. 2821-2855

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Learning From Reviews: The Selection Effect and the Speed of Learning

Daron Acemoglu, Ali Makhdoumi, Azarakhsh Malekian, Asuman Ozdaglar
p. 2857-2899

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Spatial Correlation Robust Inference

Ulrich K. Müller, Mark W. Watson
p. 2901-2935

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Achieving Scale Collectively

Vittorio Bassi, Raffaela Muoio, Tommaso Porzio, Ritwika Sen, Esau Tugume
p. 2937-2978

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Forthcoming Papers

p. 2979-2979

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Corrigendum to “On the Existence of Pure and Mixed Strategy Nash Equilibrium in Discontinuous Games”

Christian Ewerhart, Philip J. Reny
p. O1-O2

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Backmatter of Econometrica Vol. 90 Iss. 6

p. iii-v

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