For a sense of what I'll be covering, check out the open source course materials. Problem sets quickly get you working with my and @cconlon.bsky.social’s PyBLP.
GitHub: github.com/Mixtape-Sess...
Thrilled that my paper "The Cost of Curbing Externalities with Market Power: Alcohol Regulations and Tax Alternatives" with
@cconlon.bsky.social
was accepted by the Journal of Political Economy
@jpolecon.bsky.social !
Even in alcohol banning wholesale price discrimination can be bad if you care about wholesale competition (which we should!)
(Assuming a monopoly wholesaler shuts down this channel...).
Unfortunately this is misleading in two ways:
1. Section 12 of the 2010 HMG's also discussed monopsony power over input providers (including workers)
2. The judge ruled that the FTC did not prove their case re: effects on workers, but was it moot bc they won on product market.
Significant victory for labor #antitrust as Judge Adrienne Nelson issued a preliminary injunction blocking the $24 billion merger of grocery giants Kroger and Albertsons, in a win for the FTC. The judge mentions the inclusion of workers in the 2023 Merger Guidelines, an issue I worked on at DOJ
Happy to share that my and @cconlon.bsky.social's micro BLP paper was just accepted at the Journal of Econometrics! jeffgortmaker.com/files/Incorp...
It's our 2nd tied to our PyBLP software, so here's a thread on surprising (to me) benefits of combining methods research with open source work. 1/6
@jeffgortmaker.com and @cconlon.bsky.social's PyBLP is such a great public good. Jeff (who is on the job market) with a thread on their new Journal of Econometrics paper.
I think my @nyulaw.bsky.social colleague Daniel Francis provides a clear and balanced summary of the Neo-Brandeis shift in antitrust.
It is worth a read for all IO Economists (and perhaps more importantly macro economists who've recently discovered IO).
www.promarket.org/2024/11/25/a...