{"title":"Specialization trends in economics research: A large-scale study using natural language processing and citation analysis","authors":"Sebastian Galiani, Ramiro H. Gálvez, Ian Nachman","doi":"10.1111/ecin.13261","DOIUrl":"https://doi.org/10.1111/ecin.13261","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>This article conducts a comprehensive analysis of specialization trends within and across fields of economics research. We collect data on 24,273 articles published between 1970 and 2016 in general research economics outlets and employ machine learning techniques to enrich the collected data. Results indicate that theory and econometric methods papers are becoming increasingly specialized, with a narrowing scope and steady or declining citations from outside economics and from other fields of economics research. Conversely, applied papers are covering a broader range of topics, receiving more extramural citations from fields like medicine, and psychology. Trends in applied theory articles are unclear.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"289-329"},"PeriodicalIF":1.7,"publicationDate":"2024-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143110979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Leadership in a social dilemma: Does it matter if the leader is pro-social or just says they are pro-social?","authors":"Edward Cartwright, Yidan Chai, Lian Xue","doi":"10.1111/ecin.13256","DOIUrl":"https://doi.org/10.1111/ecin.13256","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Previous studies have shown that pro-social leaders cooperate, on average, more than pro-self leaders in social dilemmas. It can, thus, be beneficial for the group to have a pro-social leader. In this paper we analyze the consequences of a leader <i>informing</i> followers that they are pro-social (or pro-self). In doing so, we compare a setting in which the leader's type is truthfully revealed to settings where the leader can ‘hide’ or ‘lie’ about their pro-sociality. We find that a leader saying they are pro-social boosts efficiency, even if the signal is not fully credible. Cooperation is highest in a truth setting with a pro-social leader. We demonstrate that these results are consistent with a belief-based model of social preference in which the stated type of the leader changes the frame of reference for followers.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"160-180"},"PeriodicalIF":1.7,"publicationDate":"2024-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13256","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reducing the replication time for structural estimations: A successful replication of “An Anatomy of International Trade” using GPU computing","authors":"Jiatong Zhong","doi":"10.1111/ecin.13257","DOIUrl":"https://doi.org/10.1111/ecin.13257","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Eaton, Kortum, and Kramarz (2011) (EKK) discovered empirical patterns from French manufacturing firms that a baseline firm heterogeneity model could not explain. The authors proposed and estimated a model that closely matches the patterns observed in French data. This paper successfully replicates their findings using author-provided data, re-implementing their algorithms in Python and leveraging graphics processing unit computing to significantly boost computational speed. Applying the model to Chinese manufacturing data, despite differences in context, showed that the model explains most observed patterns well.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 2","pages":"424-440"},"PeriodicalIF":1.7,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13257","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143629898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pricing in response to new information: The case of betting markets","authors":"Kai Fischer, W. Benedikt Schmal","doi":"10.1111/ecin.13258","DOIUrl":"https://doi.org/10.1111/ecin.13258","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Markets are information aggregators. But how do they incorporate new data into their pricing? We examine the response of prediction markets to a novel information shock in a quasi-natural experiment: How did the absence announcements of elite soccer players influence the betting odds of affected matches? Analyzing the first four statistical moments of 117,174 odds from 32 bookmakers, we identify initial inertia followed by a lagged reaction that we cannot reason with learning. Our findings raise questions about how bettors and bookmakers incorporate new information into their beliefs. It has broader implications regarding information processing in markets.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"236-264"},"PeriodicalIF":1.7,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13258","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measuring the U.S. monetary noise shocks","authors":"Yi-Hua Wu, Ching-Chong Lai","doi":"10.1111/ecin.13262","DOIUrl":"https://doi.org/10.1111/ecin.13262","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Agents' beliefs regarding future monetary policy changes influence their current decisions. However, these expectations may not always materialize in the future. This study shows that the monetary fundamental shocks (exogenous changes consistent with expectations) stabilize output and inflation, while the noise shocks (biased beliefs that fail to be realized in the future) increase economic fluctuations. Moreover, factors that amplify financial frictions—the spread between the capital return of entrepreneurs and the risk-free interest rate of a central bank—can increase anticipation effects associated with these two types of monetary policy shocks.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"98-124"},"PeriodicalIF":1.7,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adam Bloomfield, Kyung Min Lee, Jay Philbrick, Sita Nataraj Slavov
{"title":"How do firms respond to state retirement plan mandates?","authors":"Adam Bloomfield, Kyung Min Lee, Jay Philbrick, Sita Nataraj Slavov","doi":"10.1111/ecin.13259","DOIUrl":"https://doi.org/10.1111/ecin.13259","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>We investigate how state “Auto-IRA” mandates affect firm offerings of employer-sponsored retirement plans (ESRPs). These policies require firms without ESRPs to facilitate automatic employee contributions to state-created individual retirement accounts. We find that these policies increase an individual's probability of working for a firm with an ESRP by 6%–9% and of being included in the ESRP by 8%–13%. At the firm level, these policies increase the probability of offering an ESRP by 7%, the probability of establishing a new ESRP by 41%–44%, and the number of ESRP participants by 6 percent.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"265-288"},"PeriodicalIF":1.7,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13259","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Price matching in online retail","authors":"Anna Bottasso, Simone Robbiano, Paolo Marocco","doi":"10.1111/ecin.13255","DOIUrl":"https://doi.org/10.1111/ecin.13255","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>We analyze a sample of consumer-electronics products sold by the US NewEgg online-retailer to study the impact of price-matching guarantees (PMGs) on prices. By applying a difference-in-differences approach, we find that the price of the policy-adopting retailer increases by 4.7% during the policy validity period and up to 5 days after the treatment, while those of the non-adopting competitor are not affected. Results are mainly driven by highly-rated, visible, and expensive products, whereas the policy does not affect low-rated, less visible, and cheaper products. These findings are consistent with the hypotheses that PMGs act as price discrimination or signaling tools.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"206-235"},"PeriodicalIF":1.7,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13255","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Who bears the cost of nationalism? A spatial analysis on the unintended spillover effects of boycotts","authors":"Huiyi Chen","doi":"10.1111/ecin.13254","DOIUrl":"https://doi.org/10.1111/ecin.13254","url":null,"abstract":"<p>Politically motivated boycotts aim to harm the sales of goods associated with foreign rivals, but can also harm the domestic economy if the goods are domestically produced. This paper examines the unintended effects of the 2012 Chinese boycott of Japanese cars on China's automobile supply chain. By comparing changes in employment between auto parts and non-parts industries located at various distances from Japanese joint ventures (JV), I find that auto parts manufacturers near the Japanese JVs experienced a 10%–17% reduction in employment after the boycott.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"4-46"},"PeriodicalIF":1.7,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13254","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143114054","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Political ideology, emotion response, and confirmation bias","authors":"David L. Dickinson","doi":"10.1111/ecin.13253","DOIUrl":"https://doi.org/10.1111/ecin.13253","url":null,"abstract":"<p>Motivated reasoning can serve to help resolve emotional discomfort, which suggests emotion as a likely moderator of such reasoning. This paper addresses a gap in the literature by examining emotion and confirmation bias in the political domain. Results from two preregistered studies, which involved over 900 unique participants, document a confirmation bias across distinct dimensions of belief and preference formation. Also, ideologically dissonant information significantly worsens self-reported emotion. With some exceptions, the evidence generally supports the hypothesis that negative emotion moderates the strength of the bias, which highlights the importance of emotion response in understanding and potentially counteracting confirmation bias.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"181-205"},"PeriodicalIF":1.7,"publicationDate":"2024-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13253","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}