Yale Department of Economics

We're excited to release our 2024 Annual Magazine, celebrating another exceptional year for the Department! Read the full issue online here, including interviews, news stories, research summaries, and more: economics.yale.edu/news/241219/ye…

🗣️ What does the future hold for small farms in Africa? 🌍 In the latest #DevelopmentDialogues with @vox_dev, experts dissect one of Africa’s most persistent development challenges: the low productivity of small farms. 🔊 Listen to the full episode now: egc.yale.edu/news/250618/de…

"This paper examines how high school specialization shapes college investment decisions and their subsequent returns through dynamic complementarities." NEW @YaleCowles Discussion Paper by John Eric Humphries, Juanna Schrøter Joensen, & Gregory Veramendi: cowles.yale.edu/research/cfdp-…

Yale School of Public Health (@YaleSPH) is hiring a Data Scientist (DS) to support policy-relevant, data-driven research. Embedded in Connecticut’s Department of Social Services, the DS will apply empirical methods to improve public programs. Apply: tobin.yale.edu/opportunities/…

🆕 Paying to pollute: How carbon offsets actually raised emissions in China Today on VoxDev, Qiaoyi Chen, Nicholas Ryan (@YaleEconomics) & @DanielYiXu (@DukeEcon) outline how a carbon offset programme raised emissions in China: voxdev.org/topic/energy-e…

"This paper empirically analyzes the effects of mergers between complementary firms on competition and pricing." NEW @nberpubs by Zack Cooper, Stuart Craig, Aristotelis Epanomeritakis, Matthew Grennan, Joseph Martinez, Fiona Scott Morton, Ashley Swanson: nber.org/papers/w34039

Like other industries, "complements" are merging in healthcare. Most physicians are now hospital employees. Associated prices increase with measures of foreclosure and recapture, from @zackcooperYale, @stuartcraig, Aristotelis Epanomeritakis, @matthewgrennan, Joseph R. Martinez,…

Studying how authorities should allocate resources under uncertainty finds that adaptive priority mechanisms implement the optimal allocation, dominating priority and quota policies, from Oğuzhan Çelebi and @joel_flynn nber.org/papers/w34035

"This paper develops a complete-markets model to analyze the determinants of endogenous trade imbalances across countries." NEW Discussion Paper by Lorenzo Caliendo, Samuel Kortum, and Fernando Parro: cowles.yale.edu/research/cfdp-…

🚨🚨 New Paper Alert! 🚨🚨 Together with an awesome crew, I've got a fun new paper analyzing whether hospital acquisitions of physician practices raise prices by lessening competition. @stuartcraig Aristotelis Epanomeritakis, Joe Martinez, Matt Grennan, @ProfFionasm, and…

Hospitals are gobbling up physician practices—and health care prices are rising as a result. New research in @nberpubs shows that vertical mergers between hospitals & physician practices are driving up physician & hospital prices. Read our policy brief: tobin.yale.edu/research/hospi…

"We develop and quantify a novel growth theory in which economic activity endogenously shifts from material production to quality improvements." NEW in @nberpubs by Philippe Aghion, Timo Boppart, Michael Peters, Matthew Schwartzman, & Fabrizio Zilibotti: nber.org/papers/w33634

How should authorities that care about match quality and diversity allocate resources in the face of uncertainty? NEW in @nberpubs by Oğuzhan Çelebi and Joel P. Flynn: nber.org/papers/w34035

"This article identifies which investments in school facilities help students and which are valued by homeowners." NEW in @QJEHarvard by Barbara Biasi, Julien Lafortune, and David Schönholzer: academic.oup.com/qje/article/14…

We’re excited to welcome Janet Currie to the Department and @YaleTobinCenter! Her research shows how smarter policy—on education, health coverage, clean air, & mental-health care—can change the life-trajectories of kids and the families who raise them. economics.yale.edu/news/250709/we…

"In this paper, we provide an equilibrium treatment of how data-intensive mechanisms for selling advertising impact product prices and welfare both on and off the platform." NEW in @RevEconStudies by Dirk Bergemann, Alessandro Bonatti, and Nicholas Wu: academic.oup.com/restud/article…

Life expectancy in California still hasn’t rebounded to pre-pandemic levels. Read a summary of the @JAMANetwork analysis by Janet Currie, who recently joined @YaleEconomics to run a new initiative on health economics: tobin.yale.edu/research/life-…

Welcome to @Yale, Janet Currie! More about Professor Currie: tobin.yale.edu/news/250709/we… A fact sheet on her brand new paper about life expectancy in California: tobin.yale.edu/research/life-…