Discussion Papers

CFDP 2291 Dirk Bergemann, Tibor Heumann, Stephen Morris, "Selling Impressions: Efficiency vs. Competition," (July 2021) [36pp, Abstract]
CFDP 2290 Dirk Bergemann, Alessandro Bonatti, Andreas Haupt, Alex Smolin, "The Optimality of Upgrade Pricing," (July 2021) [27pp, Abstract]
CFDP 2289 Minsu Chang, Xiaohong Chen, Frank Schorfheide, "Heterogeneity and Aggregate Fluctuations," (June 2021) [71pp, Abstract]
CFDP 2288 Liang Jiang, Peter C. B. Phillips, Yubo Tao, Yichong Zhang, "Regression-Adjusted Estimation of Quantile Treatment Effects under Covariate-Adaptive Randomizations," (May 2021) [44pp, Abstract][Supplemental material ,64 pp]
CFDP 2287 Ray C. Fair, "What Do Price Equations Say About Future Inflation?," (May 2021) [28pp, Abstract]
CFDP 2286 William D. Nordhaus, "Climate Club Futures: On the Effectiveness of Future Climate Clubs," (May 2021) [28pp, Abstract]
CFDP 2285 Dirk Bergemann, Paul Duetting, Renato Paes Leme, Song Zuo, "Calibrated Click-Through Auctions: An Information Design Approach," (May 2021) [39pp, Abstract]
CFDP 2284 Jason Abaluck, Laura H Kwong, Ashley Styczynski, Md. Ashraful Haque, Alamgir Kabir, Ellen Bates-Jeffries, Emily Crawford, Jade Benjamin-Chung, Salim Benhachmi, Shabib Raihan, Shadman Rahman, Neeti Zaman, Peter J. Winch, Md. Maqsud Hossain, Hasan Mahmud Reza, Stephen P. Luby, Ahmed Mushfiq Mobarak, "Normalizing Community Mask-Wearing: A Cluster Randomized Trial in Bangladesh," (April 2021, updated May 2021) [55pp, Abstract]
CFDP 2283 Yusuke Narita, Kohei Yata, "Algorithm is Experiment: Machine Learning, Market Design, and Policy Eligibility Rules," (April 2021) [97pp, Abstract]
CFDP 2282 Christopher Foote, Tyler Hounshell, William D. Nordhaus, Douglas Rivers, Pamela Torola, "Measuring the U.S. Employment Situation Using Online Panels: The Yale Labor Survey," (April 2021) [69pp, Abstract]
CFDP 2281 Yusuke Narita, Ayumi Sudo, "Curse of Democracy: Evidence from 2020," (April 2021) [32pp, Abstract]
CFDP 2280 Judith A. Chevalier, Jason L. Schwartz, Yihua Su, Kevin R. Williams, "Distributional Impacts of Retail Vaccine Availability," (April 2021, updated May 2021, updated July 2021) [32pp, Abstract]
CFDP 2279R Ray C. Fair, "Retrospective Voting Versus Risk-Aversion Voting: A Comment on Pástor and Veronesi (2020)," (March 2021, Revised July 2021) [12pp, Abstract]
CFDP 2279 Ray C. Fair, "Retrospective Voting Versus Risk-Aversion Voting," (March 2021) [11pp, Abstract]
CFDP 2278 John E. Roemer, Joaquim Silvestre, "Kant and Lindahl," (March 2021) [39pp, Abstract]
CFDP 2277 Ray C. Fair, "Are Stock Returns and Output Growth Higher Under Democrats?," (February 2021) [28pp, Abstract]
CFDP 2276 Cormac O'Dea, David Sturrock, "Survival Pessimism and the Demand for Annuities," (February 2021) [38pp, Abstract]
CFDP 2275 Johann Caro-Burnett, Judith A. Chevalier, Ahmed Mushfiq Mobarak, "Is Habit a Powerful Policy Instrument to Induce Prosocial Behavioral Change?," (February 2021) [36pp, Abstract]
CFDP 2274R Mira Frick, Ryota Iijima, Yuhta Ishii, "Welfare Comparisons for Biased Learning," (February 2021, Revised March 2021) [52pp, Abstract], (See: CFDP 2274)
CFDP 2274 Mira Frick, Ryota Iijima, Yuhta Ishii, "Welfare Comparisons for Biased Learning," (February 2021) [43pp, Abstract], (See: CFDP 2274R)
CFDP 2273 Soheil Ghili, "A Characterization for Optimal Bundling of Products with Inter-dependent Values," (February 2021, updated February 2021) [28pp, Abstract]
CFDP 2272 Florian Ederer, Weicheng Min, "Bayesian Persuasion with Lie Detection," (January 2021) [26pp, Abstract]
CFDP 2271 Rafael Dix-Carneiro, Pinelopi K. Goldberg, Costas Meghir, Gabriel Ulyssea, "Trade and Informality in the Presence of Labor Market Frictions and Regulations," (January 2021) [108pp, Abstract]
CFDP 2270 Jidong Zhou, "Mixed Bundling in Oligopoly Markets," (January 2021) [40pp, Abstract] , (See: CFP1724)
CFDP 2269 Mark Armstrong, Jidong Zhou, "Consumer Information and the Limits to Competition," (January 2021) [58pp, Abstract]
CFDP 2268 María Sáez Martí, "Take a Break!...Or More.," (January 2021) [13pp, Abstract]
CFDP 2267 Francesco Agostinelli, Matthias Doepke, Giuseppe Sorrenti, Fabrizio Zilibotti, "When the Great Equalizer Shuts Down: Schools, Peers, and Parents in Pandemic Time," (December 2020) [51pp, Abstract]
CFDP 2266 Fei Li, Jidong Zhou, "A Model of Crisis Management," (December 2020) [40pp, Abstract]
CFDP 2265 Rodrigo Adão, Costas Arkolakis, Sharat Ganapati, "Aggregate Implications of Firm Heterogeneity: A Nonparametric Analysis of Monopolistic Competition Trade Models," (November 2020) [99pp, Abstract]
CFDP 2264 Jidong Zhou, "Improved Information in Search Markets," (November 2020) [26pp, Abstract]
CFDP 2263 Andrew Rhodes, Makoto Watanabe, Jidong Zhou, "Multiproduct Intermediaries," (November 2020) [56pp, Abstract] , (See: CFP1713)
CFDP 2262 Zhiguo He, Jing Huang, Jidong Zhou, "Open Banking: Credit Market Competition When Borrowers Own the Data," (November 2020) [59pp, Abstract]
CFDP 2261 Alison Andrew, Orazio P. Attanasio, Britta Augsburg, Jere Behrman, Monimalika Day, Pamela Jervis, Costas Meghir, Angus Phimister, "Mothers’ Social Networks and Socioeconomic Gradients of Isolation," (November 2020) [43pp, Abstract]
CFDP 2260R Ray C. Fair, "Analysis of Nine U.S. Recessions and Three Expansions," (October 2020, Revised January 2021) [44pp, Abstract], (See: CFDP 2260)
CFDP 2260 Ray C. Fair, "Analysis of Nine U.S. Recessions and Three Expansions," (October 2020) [42pp, Abstract], (See: CFDP 2260R)
CFDP 2259 Todd Henry, Peter C. B. Phillips, "Forecasting Economic Activity Using the Yield Curve: Quasi-Real-Time Applications for New Zealand, Australia and the US," (October 2020) [20pp, Abstract]
CFDP 2258 Kai Hao Yang, "Selling Consumer Data for Profit: Optimal Market-Segmentation Design and its Consequences," (October 2020) [90pp, Abstract][Supplemental material ,39 pp]
CFDP 2257 Xiaohong Chen, Matthew Gentry, Tong Li, Jingfeng Lu, "Identification and Inference in First-Price Auctions with Risk Averse Bidders and Selective Entry," (September 2020) [61pp, Abstract]
CFDP 2256 Jungyoon Lee, Peter C. B. Phillips, Francesca Rossi, "Consistent Misspecification Testing in Spatial Autoregressive Models," (August 2020) [58pp, Abstract]
CFDP 2255 Anna Sanktjohanser, "Optimally Stubborn," (August 2020) [45pp, Abstract][Supplemental material ,26 pp]
CFDP 2254R Ishita Chakraborty, Joyee Deb, Aniko Öry (Oery), "When Do Consumers Talk?," (August 2020, Revised March 2021) [43pp, Abstract], (See: CFDP 2254)
CFDP 2254 Ishita Chakraborty, Joyee Deb, Aniko Öry (Oery), "When Do Consumers Talk?," (August 2020) [28pp, Abstract], (See: CFDP 2254R)
CFDP 2253 Federico Huneeus, Richard Rogerson, "Heterogeneous Paths of Industrialization," (August 2020) [45pp, Abstract]
CFDP 2252 Ke Miao, Peter C. B. Phillips, Liangjun Su, "High-Dimensional VARs with Common Factors," (August 2020) [70pp, Abstract]
CFDP 2251 Ye Chen, Peter C. B. Phillips, Shuping Shi, "Common Bubble Detection in Large Dimensional Financial Systems," (August 2020) [63pp, Abstract]
CFDP 2250 Peter C. B. Phillips, Ying Wang, "When Bias Contributes to Variance: True Limit Theory in Functional Coefficient Cointegrating Regression," (August 2020) [56pp, Abstract][Supplemental material ,13 pp]
CFDP 2249 Liang Jiang, Xiaobin Liu, Peter C. B. Phillips, Yichong Zhang, "Bootstrap Inference for Quantile Treatment Effects in Randomized Experiments with Matched Pairs," (August 2020) [40pp, Abstract][Supplemental material ,46 pp]
CFDP 2248 Shuping Shi, Peter C. B. Phillips, "Diagnosing Housing Fever with an Econometric Thermometer," (August 2020) [31pp, Abstract]
CFDP 2247 John Eric Humphries, Christopher Neilson, Gabriel Ulyssea, "Information Frictions and Access to the Paycheck Protection Program," (August 2020) [67pp, Abstract]
CFDP 2246 Charles Hodgson, Gregory Lewis, "You Can Lead a Horse to Water: Spatial Learning and Path Dependence in Consumer Search," (August 2020) [65pp, Abstract]