Congratulation!!!

woohooo

This creates a strategic dilemma for merging airlines: claim large efficiencies but accept evidence of increased market power, or argue for minimal competitive effects but undermine the justification for efficiency. 2/2

🚨 working paper on merger 🚨
papers.ssrn.com/sol3/papers....
w/ Anirban and Federico (UVA).
It "bridges" the gap b/w retrospective & prospective merger analyses to reveal that for airline mergers, either efficiency gains were limited or were offset by coordinated effects, not both. 1/2

I am very very happy to share this research paper with Charlie, Pallavi, and Arnab.

Simple but well-founded economic ideas can generate big gains. for all.

In the (likely) presence of exposure effect in Internet procurement, bundling K-12 schools outperforms separate auctions

At 10 Cubed, a Restaurant on the 100th Floor, a Chef Toils in Obscurity In New York, private restaurants in luxury towers are a popular amenity. The public cannot eat there, and residents only drop in occasionally.

Looks like the developers failed to read Becker’s 1991 Note on Restaurant Pricing.

www.nytimes.com/2025/01/22/n...

Taking Our Chances This one's for the academy, I guess

Sometimes you have to write “Truth and Probability” just because Margaret won’t fuck with you.

open.substack.com/pub/rottenan...

would have been better with reference to Weitzman

I've gotten a flurry of requests to access my slides on "Models, Measurement, and Language in Economics" (presumably thanks to the great new year's reading list from @rohitlamba.bsky.social). The file is publicly available via my web page, but here is the link: www.dropbox.com/scl/fi/ntgkb...

The Curious Culture of Economic Theory An essay collection that insightfully explores the professional culture of contemporary economic theory, highlighting key features of successful economic t

Ran Spiegler has a new book out that I found very entertaining.

It's a collection of essays offering accessible introductions to modern classics of economic theory: global games, Bayesian persuasion, hold-up problem, competitive screening, ...

And it's FREE!
direct.mit.edu/books/oa-mon...