Research

Faculty Publications

2025

• Functional partial least-squares: adaptive estimation and inference, Andrii Babii, Marine Carrasco and Idriss Tsafack, Journal of the American Statistical Association
• Does Pricing of Internet Usage Steer Consumers or Meter Usage? Evidence from a Pricing Experiment“, Brian McManus, Aviv Nevo, Zach Nolan, and Jonathan Williams, Review of Economics and Statistics
• Should I Stay or Should I Go? An Empirical Analysis of Consumer Behavior Using Airline Web-Traffic Data, Alex Marsh, Garrett Scott, Drew Van Kuiken, and Jonathan Williams, Economics of Transportation
• Competition and Investment in Telecommunications: Evidence from CRTC’s Third-Party ISP Access“, Matt Ross and Jonathan Williams, Review of Industrial Organization
• Price Competition, Information Acquisition, and Product Differentiation Perception, Gary Biglaiser, Jiadong Gu, and Fei Li, American Economic Journal: Microeconomics
• Cloud Report, Gary Biglaiser, Jacques Cremer, and Andrea Montavani, Annual Review of Economics
• Cloud services and competition policy, Gary Biglaiser, Alex de Corniere, Jacques Cremer, and Andrea Mantovani, Concurrences
• The Inner Workings of a Hub-and-Spoke Cartel in the Automotive Fuel Industry, Daniel Chaves and Marco Duarte, American Economic Journal: Microeconomics
• Price Wars: Evidence from Quebec’s Retail Gasoline Industry, in Cartels Diagnosed, Marco Duarte, Jean-Francois Houde and Robert Clark, Cambridge University Press
• Tensor PCA for factor models, Andrii Babii, Eric Ghysels, and Junsu Pan, Journal of Econometrics
•  Is completeness necessary? Estimation in nonidentified linear models, Andrii Babii and Jean-Pierre Florens, Econometric Theory
• Are unobservables separable?, Andrii Babii and Jean-Pierre Florens, Econometric Theory

• Extending fixed-point methods for equilibrium computation in markets with differentiated products, Marco Duarte, Economics Letters

2024

• Should I Stay or Should I Go: Migrating away from an Incumbent Platform, Gary Biglaiser, Jacques Cramer, and Andrew Veiga, RAND Journal of Economics
• Inventory Management in Decentralized Markets, Charles Murry, Fei Li, Can Tian, and Yiyi Zhou  International Economic Review
• Testing Firm Conduct, Marco Duarte, Lorenzo Magnolfi, Mikkel Sølvsten, Christopher Sullivan, Quantitative Economics
• The Competitive Conduct of Consumer Cooperatives, Marco Duarte, Lorenzo Magnolfi, and Camilla Roncoroni, RAND Journal of Economics 
• Splitting the Difference in Incomplete Information Bargaining: Theory and Widespread Evidence from the Field, Dan Keniston, Bradley J. Larsen, Shengwu Li, J.J. Prescott, Bernardo S. Silveira, and Chuan Yu, International Economic Review
• Competitive Bidding in Drug Procurement: Evidence from China, Shengmao Cao, Lisa Xuejie Yi, and Chuan Yu, American Economic Journal: Economic Policy
• The Welfare Effects of Vertical Integration in China’s Movie Industry, Luming Chen, Lisa Xuejie Yi, and Chuan Yu, American Economic Journal: Microeconomics
• Econometrics of machine learning methods in economic forecasting, Andrii Babii, Eric Ghysels, and Jonas Striaukas, Handbook of Research Methods and Applications on Macroeconomic Forecasting
• Panel data nowcasting in a data-rich environment: the case of price-earnings ratios, Andrii Babii, Ryan T. Ball, Eric Ghysels, and Jonas Striaukas, Journal of Applied Econometrics
• High-dimensional Granger causality tests with an application to VIX and news, Andrii Babii, Eric Ghysels, and Jonas Striaukas, Journal of Financial Econometrics

2023

• Price Discrimination in International Airline Markets, Garb Aryal, Charlie Murry, and Jonathan Williams, Review of Economic Studies 
• Is OTT Video a Substitute for TV? Policy Insights from Cord-Cutting, Jacob Malone, Aviv Nevo, Zach Nolan, and Jonathan Williams, Review of Economics and Statistics (forthcoming)
• A Model of Sequential Crisis Management, Fei Li and Jidong Zhou, American Economic Journal: Microeconomics
• Global Manipulation by Local Obfuscation, Fei Li, Yangbo Song, and Mofei Zhao, Journal of Economic Theory
• The impact of socioeconomic and cultural differences on online trade, Daniel Elfenbein, Brian McManus, and Raymond Fisman, Management Science
• Can Bitcoin Mining Increase Renewable Electricity Capacity?, A. Bruno, P. Weber, and A. Yates, Resource and Energy Economics
• Isotonic regression discontinuity designs, Andrii Babii and Rohit Kumar, Journal of Econometrics
• Machine learning panel data regressions with heavy-tailed dependent data: theory and application, Andrii Babii, Ryan T. Ball, Eric Ghysels, and Jonas Striaukas, Journal of Econometrics

2022

• Should I Stay or Should I Go: Migrating away from an Incumbent Platform, Gary Biglaiser, Jacques Cramer, and Andrew Veiga, RAND Journal of Economics
• High-Dimensional Mixed-Frequency IV Regression, Andrii Babii, Journal of Business and Economics Statistics
• How Should Parameter Estimation Be Tailored to the Objective?, Peter R. Hansen and Elena-Ivona Dumitrescu, Journal of Econometrics
• Global Manipulation by Local Obfuscation, Fee Li, Yang Song, and Mofei Zhao, Journal of Economic Theory
• Relative Contagiousness of Emerging Virus Variants: An Analysis of the Alpha, Delta, and Omicron SARS-CoV-2 variants, Peter R. Hansen, The Econometrics Journal
• Option Pricing with State-Dependent Pricing Kernel, Peter R. Hansen, Chen Tong, Zhuo Huang, Journal of Futures Markets
• Decomposing Trends in U.S. Air Pollution Disparities from Electricity, Dane Hernandez-Cortes, Kyle C. Men, and Paige Weber, Environmental and Energy Policy and the Economy
• Making Clean Firms Cleaner: Targeting Environmental Regulation to Maximize Returns, Paige Weber, AEA Papers and Proceedings
• Operations Leadership and Productivity: A Study of US Automobile Assembly Plants, Soledad Giardili, Kamalini Ramdas, Jonathan Williams, Management Science 
• Machine Learning Time Series Regressions With an Application to Nowcasting, Andrii Babii, Eric Ghysels, and Jonas Striaukas, Journal of Business and Economics Statistics
• High-dimensional Granger causality tests with an application to VIX and news, Andrii Babii, Eric Ghysels, and Jonas Striaukas, Journal of Financial Econometrics
• Selection with Variation in Diagnostic Skill: Evidence from Radiologists, David C. Chan, Matthew Gentzkow, and Chuan Yu, Quarterly Journal of Economics

2021

• A New Parametrization of Correlation Matrices, Peter R. Hansen and Ilya Archakov, Econometrica
• Sequential Persuasion, Fei Li and Peter Norman, Economic Theory
• Expected Health Effects of Reduced Air Pollution from COVID-19 Social Distancing, Andrew J. Yates, Steve Cicala, Stephen P Holland, Erin T Mansur, and Nicholas Z Muller, Atmosphere
• The environmental benefits of transportation electrification: Urban buses, Andrew J. Yates, Stephen P Holland, Erin T Mansur, and Nicholas Z Muller, Energy Policy
• The electric vehicle transition and the economics of banning gasoline vehicles, Stephen P. Holland, Erin T. Mansur, and Andrew J. Yates, American Economics Journal: Economic Policy
• Long-term Trends in Wildfire Damages in California, Hanna Buechi, Paige Weber, Sarah Heard, Dick Cameron, and Andrew J. Plantinga, International Journal of Wildland Fire
• Heterogeneous Responses to Price: Evidence from Residential Water Consumers, A.R. El-Khattabi, Shadi Eskaf, Brian McManus, Julien Isnard, Laurence Lin, and Andrew Yates. Journal of Environmental Economics and Management

2020

• Honest Confidence Sets in Nonparametric IV Regression and Other Ill-Posed Models, Andrii Babii, Econometric Theory
• ET Interview: Jean-Pierre Florens, Andrii Babii and Eric Ghysels, Econometric Theory
• Commercial and Residential Mortgage Defaults: Spatial Dependence with Frailty, Andrii Babii, Xi Chen, Eric Ghysels, Journal of Econometrics 
• Intermediaries and Product Quality in Used Car Markets, Gary Biglaiser, Fei Li, Charles Murry, and Yiyi Zhou, RAND Journal of Economics
• The value of incumbency when platforms face heterogenous consumers, Gary Biglaiser and Jacques Cremer, AEJ-Micro
• Star Ratings and the Incentives of Mutual Funds, Fei Li, Chong Huang, and Xi Weng, Journal of Finance
• Heterogeneous Responses to Price: Evidence from Residential Water Consumers, Brian McManus, Andrew J. Yates, Ahmed Rachid El-Khattabi, Shadi Eskaf, Julien P. Isnard, and Laurence Lin, Journal of Environmental Economics and Management
• Playing with Money, Peter Norman, Douglas Davis, Oleg Korenok, Bruno Sultanum, and Randall Wright, Journal of Economic Behavior & Organization
• The Distribution of Surplus in the US Pharmaceutical Industry: Evidence from Paragraph iv Patent-Litigation Decisions, Jonathan Williams, Ruben Jacobo-Rubio, and John L. Turner, Journal of Law and Economics
• Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation, Andrew J. Yates, Stephen P. Holland, Erin T. Mansur, and Nicholas Z. Muller, American Economic Journal: Economic Policy
• Integrating Physical and Financial Approaches to Manage Environmental Financial Risk on the Great Lakes, Andrew J. Yates, Eliot S Meyer, Benjamin T Foster, Gregory W Characklis, and Casey Brown, Water Resources Research
• Resilience of HPV vaccine uptake in Denmark: Decline and recovery, Peter R. Hansen, Matthias Schmidtblaicher, and Noel T Brewer, Vaccine

2019

• Incumbency Advantage and its Value, Gary Biglaiser, Emilio Calvano, and Jacques Cremer, Journal of Economics and Management Strategy
• Revenue Management Without Commitment: Dynamic Pricing and Periodic Flash Sales, Fei Li and Francesc Dilmé, Review of Economic Studies
• Pivotal Persuasion, Fei Li, Jimmy Hing Chi Chan, Seher Gupta, and Yun Wang, Journal of Economic Theory
• Endogenous Comparative Advantage, Peter Norman and Andrea Moro, The Scandinavian Journal of Economics
• Taxation in the Aviation Industry: Insights and Challenges, Quinton White, Jonathan Williams, and David R. Agrawal, Transportation Research Record: Journal of the Transportation Research Board
• Collusive pricing patterns in the US airline industry, Jonathan Williams, Federico Ciliberto, and Eddie Watkins, International Journal of Industrial
  Organization
• Network Structure and Consolidation in the Us Airline Industry 1990-2015, Federico Ciliberto, Emily Cook, and Jonathan Williams, Review of Industrial Organization
• Distributional effects of air pollution from electric vehicle adoption, S. Holland, E. Mansur, N. Muller, and A. Yates, Journal of the Association of Environmental and Resource Economists
• Realized Wishart-GARCH: A Score-driven Multi-Asset Volatility Model, Gorgi, P, P.R. Hansen, P. Janus, S.J. Koopman, Journal of Financial Econometrics
• A Dynamic Model of Vaccine Compliance: How Fake News Undermined the Danish HPV Vaccine Program, Peter R. Hansen and Matthias Schmidtblaicher, Journal of Business and Economics Statistics

2018

• Does Cheap Talk Affect Market Outcomes? Evidence from eBay, Dan Elfenbein, Ray Fisman, and Brian McManus, American Economic Journal: Applied Economics
• On Persuasion with Multiple Senders, Fei Li and Peter Norman, Economics Letters
• Middlemen: The Good, The Bad, and The Ugly, Fei Li and Gary Biglaiser, RAND Journal of Economics
• Healthcare Access, Costs, and Treatment Dynamics: Evidence from In Vitro Fertilization, Bart Hamilton, Emily Jungheim, Brian McManus, Juan Pantano, American Economic Review
• Trends in Private Patent Costs and Rents for Publicly-Traded Firms, with James Bessen, Peter Neuhausler, John Turner, and Jonathan Williams, International Review of Law and Economics
• Off-Label Use of Pharmaceuticals: A Detection Controlled Approach, David Bradford, John Turner, and Jonathan Williams, Journal of Industrial Economics

2017

• Contracts as barriers to entry in markets with non-pivotal buyers, Ozlem Bedre-Defolie and Gary Biglaiser, American Economic Review
• Transparency of Outside Options in Bargaining, Ilwoo Hwang and Fei Li, Journal of Economic Theory.
• Efficient Learning and Job Turnover in the Labor Market, Fei Li and Xi Weng, International Economic Review
• Learning by Driving: Productivity Improvements by New York City Taxi Drivers, Kareem Haggag, Brian McManus, Giovanni Paci. AEJ: Applied Economics
• Optimal regulation of pollution with stochastic exposure, acute damages, and chronic damages, D. Bielen and A. Yates, Journal of Cleaner Production
• Detecting Potential Overbilling in Medicare Reimbursement via Hours Worked, Hanming Fang and Qing Gong, American Economic Review
• Option Pricing with the Realized GARCH Model: An Analytical Approximation Approach, Huang, Z., T. Wang, and P.R. Hansen, Journal of Futures Markets

2016

• Heterogeneous Switching Costs, Gary Biglaiser, Jacques Cremer, Gregory Dubos, International Journal of Industrial Organization
• Usage-Based Pricing and Demand for Residential Broadband, Aviv Nevo, John Turner, Jonathan Williams, Econometrica 
• Robust Scheduling Practices in the U.S. Airline Industry: Costs, Returns, and Inefficiencies, Scott Atkinson, Kamalini Ramdas, Jonathan Williams, Management Science
• Are there environmental benefits from driving electric vehicles? The importance of local factors, Holland, E. Mansur, N. Muller, A. Yates, American Economic Review
• Damages and expected deaths due to excess NOx emissions from 2009-2015 Volkswagen diesel vehicles, S. Holland, E. Mansur, N. Muller, A. Yates, Environmental Science and Technology
• Dynamic Signaling with Dropout Risk, Francesc Dilme and Fei Li, AEJ: Microeconomics
• Polluting Thy Neighbor: Unintended Consequences of China’s Pollution Reduction Mandates, Hongbin Cai, Yuyu Chen, Qing Gong, Journal of Environmental Economics and Management
• Exponential GARCH Modeling with Realized Measures of Volatility, Hansen, P. R. and Z. Huang, Journal of Business & Economic Statistics