Our primary faculty research groups are focused in our five core areas: applied microeconomics, econometrics, economic theory, finance, and macroeconomics. Our joint faculty includes experts from the Carey Business School and the School of Advanced International Studies.
Applied Microeconomics Group
Coverage includes: development, industrial organization, labor economics, and microeconometrics
- Faculty: Jonathan Elliott, Mark Gersovitz, Yingyao Hu, Yujung Hwang, Adam Isen, Elena Krasnokutskaya, Lixiong Li, Robert Moffitt, Nicholas Papageorge, Richard Spady
- Jointly Appointed Faculty: Andrew Ching (Carey Business School), Michael Darden (Carey Business School), Pravin Krishna (School of Advanced International Studies), Jian Ni (Carey Business School), Mitsukuni Nishida (Carey Business School), Emilia Simeonova (Carey Business School), and Carlos Vegh (School of Advanced International Studies)
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Market Structure, Investment, and Technical Efficiencies in Mobile Telecommunications
We develop a model of competition in prices and infrastructure among mobile network operators. Although consolidation increases market power, it can lead to more efficient data transmission due to economies of scale, which we derive from physical principles. After estimating our model with French consumer and infrastructure data, equilibrium simulations reveal that while prices decrease…
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Genetic Endowments and Wealth Inequality
We show that genetic endowments linked to educational attainment strongly and robustly predict wealth at retirement. The estimated relationship is not fully explained by flexibly controlling for education and labor income. We therefore investigate a host of additional mechanisms that could account for the gene-wealth gradient, including inheritances, mortality, risk preferences, portfolio decisions, beliefs about…