📚 Our #ReadoftheWeek is "The Economics of Just About Everything" by Andrew Leigh.
An engaging introduction to the world of #economics, breaking down complex economics into real-world examples that show how EVERYTHING we do is influenced by incentives.
#EconStudent #DiscoverEconomics #EconRead

Our #ReadoftheWeek is "The Wealth of Humans" by Ryan Avent! This book examines how automation, #AI, and the shifting nature of work are reshaping the labour market and creating new challenges for workers, businesses, and governments. Interesting read! #DiscoverEconomics #EconRead #EconStudent

This week's #ReadoftheWeek is "The Entrepreneurial State" by Mariana Mazzucato. If you’re interested in how #innovation really works, and the intersections of government, innovation, and #economics, it’s a pretty eye-opening read! #EconRead #Bookrecommendation

Google's Ad Exchange Like "if Goldman or Citibank Owned the NYSE" Jonathan Bellack, the author of the infamous “NYSE” email, finally took to the stand on the last day of the government’s case-in-chief. Expert witness Dr. Robin Lee shines for the government.

Thursday in Google Ad Tech Antitrust. Last hot doc from govt. Simcoe and Lee Economics witnesses. Seen from gushy legal-oriented reporter. Govt. near wrapped. #EconSky #EconRead
www.bigtechontrial.com/p/googles-ad...

Google Knows Its Ad Exchange Isn't Worth its 20% Fee, but Refuses to Lower It. Publishers were willing to forego revenue to escape Google's control, but Google coerced them into using AdX to charge a higher fee than any other ad exchange in the business.

End of last week in the Google Ad Tech trial (legal-oriented reporter) with focus turning to the tying logic.
#EconSky #EconRead
www.bigtechontrial.com/p/google-kno...

Trial Media Center

Trial exhibits from Google Ad Tech, both sides. I learned a lot from US v MSFT trial exhibits, so recommend these to platform, advertising, organization, etc. scholars. #EconRead
blog.google/competition/...
www.justice.gov/atr/us-and-p...

DOJ vs. Google, Day Four: Behind The Scenes On The Fraught Rollout Of Unified Pricing Rules | AdExchanger On Day Four of the Google ad tech antitrust trial in Virginia, we boarded a time machine that took us back to April 18, 2019: UPR day.

Day four of Google Ad Tech Antitrust trial, as seen from the ad tech perspective, also links to the first three days' coverage. Interesting on changes in pricing schemes including auction.
#EconSKy #EconRead
www.adexchanger.com/antitrust/do...

Something New: On OpenAI's "Strawberry" and Reasoning Solving hard problems in new ways

Ethan Mollick on a new form of AI reasoning
#EconSky #EconRead
www.oneusefulthing.org/p/something-...

Day 3: Judge Asks About Breaking Up Google Judge Brinkema asks what would happen if Google were "blown apart." Plus another ex-Googler witness, a strong expert for the government, and an industry executive weigh in.

Third day of the Ad Tech trial (legal-oriented reporter) who notes that Judge Brinkema picked up on a Google email contemplating spinning off Ad Tech parts.
#EconSky #EconRead
www.bigtechontrial.com/p/day-3-judg...

How a Scientific Dispute Spiralled Into a Defamation Lawsuit What does a Harvard Business School professor’s decision to sue the professors who raised questions about her research bode for academic autonomy?

HBS defamation case makes the New Yorker. Probably cheapest way to learn about this.
#EconSky #EconRead
www.newyorker.com/news/news-de...

DOJ vs. Google, Your Day Three Download: A Former Googler On The Stand And Auction Dynamics In The Spotlight | AdExchanger Day three of the Google ad tech-focused antitrust trial: former Googler Brad Bender and Trade Desk CRO Jed Dederick, on the stand.

Third day of Google Trial (ad tech oriented reporter). Getting into the hot emails, and a "resource allocation" expert witness who is, gasp, not an Economist.
#EconRead
www.adexchanger.com/antitrust/do...

Can new data solve an immigration puzzle? No, but it does tell us a lot about immigration to the US, and about the challenges of measuring it.

Having done a shift in Govt., Jed Kolko lays out the differences behind varying estimates of US immigrant population. Full data nerd.
#EconRead
www.slowboring.com/p/can-new-da...

I think the Crimson is only partly right. Claims against Data Colada gone, Harvard story is mixed. Defamation / free speech issues less complicated than employment law here.
#EconRead
storage.courtlistener.com/recap/gov.us...

Day Two: “It’s Impossible to Negotiate with Google" The government is presenting its case, and brought up three witnesses describing what they argue inflexible and/or unethical practices by Google.

More on day 2 of the Google AdTech antitrust trial, this time from a legally-oriented reporter.
#EconRead
www.bigtechontrial.com/p/day-two-it...

Six ideas for Poland Poland is a developed country. But it can still get richer.

The eclectic and talented Mr. Smith on Poland
#EconRead
www.noahpinion.blog/p/six-ideas-...

The DOJ vs. Google, Day Two: Tales From The Underbelly Of Ad Tech | AdExchanger Day Two of the Google antitrust trial in Virginia on Tuesday was just as intensely focused on the intricacies of ad tech as on Day One.

Second day of Google AdTech trial (ad tech expert reporter)
#EconRead
www.adexchanger.com/antitrust/th...

The Curtain Rises on the Key Question: Does Google Have Rivals? In the 'Rocket Docket' court, the Google trial starts with fights over market definition. If Google is a monopoly, why does it compete with a host of other platforms, like Meta, Amazon, and TikTok?

Another daily rundown on the Google AdTech antitrust trial. This one more legally oriented, less ad tech oriented.
#EconRead
www.bigtechontrial.com/p/the-curtai...

Your Day One Recap: DOJ vs. Google Goes Deep Into The Ad Tech Weeds | AdExchanger It’s not often one gets to hear sworn witnesses in federal court explain the intricacies of header bidding under oath.

Daily report on Google (AdTech) Trial.
#EconRead
www.adexchanger.com/antitrust/yo...

EU competitiveness: Looking ahead Read Mario Draghi’s report on the future of European competitiveness. Its findings will contribute to the Commission’s work on a new plan for Europe’s sustainable prosperity and competitiveness.

Mario Draghi on European Competitiveness (long read)
#EconRead
commission.europa.eu/topics/stren...

Proceedings of the 2024 SIAM International Conference on Data Mining (SDM) | User Migration across Multiple Social Media Platforms After Twitter's ownership change and policy shifts, many users reconsidered their go-to social media outlets and platforms like Mastodon, Bluesky, and Threads became attractive alternatives in the bat...

'nother paper on failed migrations away from twitter (h/t Ethan Mollick)
Coordinate the move to BlueSky or network fx go poof.
#EconRead
epubs.siam.org/doi/10.1137/...

The Failed Migration of Academic Twitter Following change in Twitter's ownership and subsequent changes to content moderation policies, many in academia looked to move their discourse elsewhere and migration to Mastodon was pursued by...

Academic migration from Twitter last time (h/t Matt Clancy)
If we don't work on coordination & community here, we will fail (h/t me.)
#EconRead
arxiv.org/abs/2406.04005

Keep Calm and Carry On With an economist in the driver’s seat

Lots of Econs are university presidents. David Warsh has a theory of this:
#EconRead
davidwarsh.substack.com/p/keep-calm-...
We used to be provost because we can read the budget. But now?

Jean Tirole on monopoly and its policy implix (h/t @richardblundell.bsky.social )
#EconRead

Break Up Big Econ The economics profession has become insular and status-obsessed, and not focused enough on making a positive impact on the world.

Interesting grump about the market structure of Econ labor market and the content of Econ coming out of .... Harvard.
#EconRead
www.theatlantic.com/ideas/archiv...