Econometrica

@ecmaEditors

News from the editors of econometrica

econometricsociety.org/publications/e…

Joined July 2020

Econometrica
@ecmaEditors
Aug 13
What happens to insurance markets as genetic prediction improves? This article combines quantitative genetics, economic theory, and big data to study adverse selection and inform policy. Selection may become severe in critical illness insurance. econometricsociety.org/publications/e…
Econometrica
@ecmaEditors
Aug 11
Buyers may differ not in value, but in purchase frequency. This changes dynamic screening: commitment extracts all surplus; without commitment, learning mitigates ratcheting and can make sellers screen after pooling. econometricsociety.org/publications/e…
Econometrica
@ecmaEditors
Aug 4
When doctors lose control over the end users of their services — as with secondary markets for prescription drugs — most become more cautious. This can be helpful when overprescribing is rampant, but resale to misusers still causes harm. econometricsociety.org/publications/e…
Econometrica
@ecmaEditors
Jul 28
Random Priority—a popular no-transfer allocation mechanism—is efficient, fair, & simple to participate in. Is it the only mechanism with these properties? Marek Pycia @econ_uzh and @PeterTroyan3 @UVAEcon answer this long-standing question in the positive. econometricsociety.org/publications/e…
Econometrica
@ecmaEditors
Jul 21
A structural model of applicant-examiner negotiation finds U.S. patent screening moderately effective, with social costs of $15.4bn/year. Examiner intrinsic motivation sharply improves screening quality, and capping negotiation rounds reduces social costs. econometricsociety.org/publications/e…