Markus Trunschke

The AI Vampire This was an unusually hard post to write, because it flies in the face of everything else going on.

This is a great piece (got via @simonwillison.net ) steve-yegge.medium.com/the-ai-vampi...

As an economist would say: the productivity enhancement can be real, but the gains should not exclusively accrue to the firm!

🧵1/4

🚨 We have finalized our DID textbook!
You’ve run out of excuses for sketchy pre-trends and mysterious TWFE coefficients.

📘 Credible Answers to Hard Questions: Differences-in-Differences for Natural Experiments
By Chaisemartin & D’Haultfœuille.

papers.ssrn.com/sol3/papers....

Assessing the potential and pitfalls of using Natural Language Processing in social science research on innovation, from Antonin Bergeaud, Adam B. Jaffe, and Dimitris Papanikolaou https://www.nber.org/papers/w33821

If we want better compliance (with the rules in place), giving regulators more resources is one way to get there (yes, good regulation is costly).

Check out this 10-minute video with findings from a large-scale study using German firm-level data

lt.org/publication/...

#gdpr #EconSky #regulation

GitHub - jamesbrandecon/FKRBDemand.jl Contribute to jamesbrandecon/FKRBDemand.jl development by creating an account on GitHub.

Have a day off so I made some small updates to FKRBDemand.jl (new name!). Hopefully it's now easier to use the Fox-Kim-Ryan-Bajari method to estimate a random coefficient model with market-level data (2-step approach described here: www.jamesbrandecon.com/blog/0jxkvfr...)

github.com/jamesbrandec...

🌍 Join us in Copenhagen - fantastic city for work-life balance and awesome science.

I am hiring PhD students & Postdocs in my group at SODAS Univ of Copenhagen to explore AI, network science & the science of science.

📍 Start: flex summer 2025
📌 Info&Apply: www.robertasinatra.com/2025/03/02/p...

ESRC CASE PhD Studentship - Lancaster University

Looking to do a fully funded, policy-relevant PhD in economics?

The ESRC has funded another joint CMA PhD studentship, this time with Lorenza Rossi and Stefano Fasani at Lancaster University, on the interaction of market power, price setting and macro dynamics.

Please share widely and apply!

Just published in @jpube.bsky.social:

"The Big Sell: Privatizing East Germany's Economy"

By @lukasmergele.bsky.social, Moritz Hennecke, & @mlubczyk.bsky.social

Navigating Platform Power: How Big Tech Shapes Innovation and Market Dynamics | Technology The report by researchers from Stanford, MIT, and Berkeley examines how digital platforms shape innovation by acting as both collaborators and competitors to smaller tech ventures, influencing capital...

"Researchers from Stanford, MIT, and Berkeley offer a thorough analysis of top digital platforms (TDPs) and highlights the risk of killer acquisitions where TDPs buy promising startups only to limit or discontinue their development."
www.devdiscourse.com/article/tech...

GitHub - QuantEcon/Expectations.jl: Expectation operators for Distributions.jl objects Expectation operators for Distributions.jl objects - QuantEcon/Expectations.jl

Ever needed to calculate the expected value of a function of a distribution like E[exp(x)] but you were (like me) too lazy to do the math?

Guess what, Spencer Lyon has got you covered.

His awesome @julialang.org package lets you calculate exactly that. Check it out here github.com/QuantEcon/Ex...

It was great having you here. Come back soon! We got plenty more work to do...

Thanks, @markustrunschke.bsky.social for a fun and productive day at @hooverinstitution.bsky.social

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...

Ran into Santa last night and he confirmed that yes, audiobooks are a valid form of reading, and anyone who thinks otherwise is on the naughty list.🎅🏼🎄

📢 📢
Call for papers Leuven Summer Event 2025!
📢📢

- IO, Applied Micro and Macro on different days.
- The IO workshop takes place on May 26-27
- For more information, see:

feb.kuleuven.be/research/eco...

International Industrial Organization Conference | Industrial Organization Society

Our call for papers has been posted! Get ready for #IIOC2025 May 2-4 in Philadelpha. Submission deadline 1/31.
www.indorgsociety.org/conference

A new method for estimating production functions with Hicks-neutral productivity, from Markus Trunschke and Kenneth L. Judd https://www.nber.org/papers/w33205

Thanks! Let me know what you think after reading it :)

Estimating Gross Output Production Functions Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

My first NBER working paper with Kenneth Judd!

We develop a new method for estimating gross output production functions, relying on the same assumptions and data requirements as the control function approach.

nber.org/papers/w33205

Comments and suggestions are welcome!

Five more days to submit papers to next year's MaCCI Annual Conference.

Deadline: December 1, 2024

More info on the website: www.zew.de/macciannual2...

#EconSky #LawSky #competition #innovation #conference

Reminder: deadline to apply for this (free) online PhD short course on the economics of innovation is January 9. Six days to go!