Milena Almagro (Chicago Booth)

"Optimal Urban Transit Policy: Evidence from Chicago" Abstract: We quantify optimal urban transportation policies in the presence of congestion, network, and environmental externalities. We show theoretically that, beyond externality distortions, a budget constrained social planner introduces additional inefficiencies similar to those of a monopolist. We then move to an empirical analysis of the transportation system […]

Paulo Natenzon (WUSTL)

"Random Choice and Differentiation" (co-authored with Junnan He) Abstract: Measuring product differentiation and substitutability is a key concern in the analysis of consumer demand. We develop and analyze a general yet tractable model of random choice with product differentiation in a multi-attribute setting. We show the analyst can separately identify vertical and horizontal product differ- […]