In this paper, we analyze the effects of advancements in generative Artificial Intelligence (GenAI) on the news media market. We model a representative consumer who allocates their time between reading news and…
We provide evidence that suggests that a reduction in outside wage options reduces wage increases in retained jobs. We use the natural experiment of a reform that reduced outside wage options for employees in…
When lower prices are available only to consumers who search, firms can price discriminate based on search. We study local German electricity retail markets in which nonsearching consumers pay the incumbent’s…
Germany’s 2019 Digital Healthcare Act (Digitale-Versorgung-Gesetz, or DVG) created a number of opportunities for the digital transformation of the healthcare delivery system. Key among these was the…
We estimate short-term capital-market effects of unionization efforts at publicly-listed firms and their subsidiaries in the United States between 2011 and 2019. Our short-horizon event study reports significant…
We study multi-category housing allocation problems: A set of objects, which is sorted into categories of equal size, has to be allocated to a set of individuals, such that everyone obtains exactly one object from…
This paper proposes a novel estimator for nonparametric instrumental regression while controlling for additive two-way fixed effects. In particular, the Landweber–Fridman regularization, to overcome the…