Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

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Econometrica - Volume 93

Issue 1 (January 2025)

Frontmatter of Econometrica Vol. 93 Iss. 1

p. i-ii

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Mussa Puzzle Redux

Oleg Itskhoki|Dmitry Mukhin
p. 1-39

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The Political Economy of Zero-Sum Thinking

S. Nageeb Ali|Maximilian Mihm|Lucas Siga
p. 41-70

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Seeding a Simple Contagion

Evan Sadler
p. 71-93

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History's Masters The Effect of European Monarchs on State Performance

Sebastian Ottinger|Nico Voigtländer
p. 95-128

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The Margins of Trade

Ana Cecília Fieler|Jonathan Eaton
p. 129-160

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How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach

Joachim Freyberger|Bradley J. Larsen
p. 161-194

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Persuasion Meets Delegation

Anton Kolotilin|Andriy Zapechelnyuk
p. 195-228

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Tell Me Something I Don't Already Know: Learning in Low- and High-Inflation Settings

Michael Weber|Bernardo Candia|Hassan Afrouzi|Tiziano Ropele|Rodrigo Lluberas|Serafin Frache|Brent Meyer|Saten Kumar|Yuriy Gorodnichenko|Dimitris Georgarakos|Olivier Coibion|Geoff Kenny|Jorge Ponce
p. 229-264

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Minimum Wages, Efficiency, and Welfare

David Berger|Kyle Herkenhoff|Simon Mongey
p. 265-301

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The Econometric Society Annual Reports Report of the Secretary

p. 303-318

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The Econometric Society Annual Reports Report of the Treasurer

p. 319-331

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The Econometric Society Annual Reports Report of the Editors 2023–2024

p. 333-338

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The Econometric Society Annual Reports Econometrica Referees 2023–2024

p. 339-349

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The Econometric Society Annual Reports Report of the Editors of the Monograph Series

p. 351-353

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 355-355

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Backmatter of Econometrica Vol. 93 Iss. 1

p. iii-v

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Issue 2 (March 2025)

Frontmatter of Econometrica Vol. 93 Iss. 2

p. i-ii

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Cap-and-Trade and Carbon Tax Meet Arrow–Debreu

Robert M. Anderson|Haosui Duanmu
p. 357-393

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Choices and Outcomes in Assignment Mechanisms: The Allocation of Deceased Donor Kidneys

Nikhil Agarwal|Charles Hodgson|Paulo Somaini
p. 395-438

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People Are More Moral in Uncertain Environments

Yiting Chen|Songfa Zhong
p. 439-462

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Estimating Candidate Valence

Kei Kawai|Takeaki Sunada
p. 463-501

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The Impact of Incarceration on Employment, Earnings, and Tax Filing

Andrew Garin|Dmitri Koustas|Carl McPherson|Samuel Norris|Matthew Pecenco|Evan K. Rose|Yotam Shem‐Tov|Jeffrey Weaver
p. 503-538

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Double Robust Bayesian Inference on Average Treatment Effects

Christoph Breunig|Ruixuan Liu|Zhengfei Yu
p. 539-568

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On (constrained) efficiency of strategy-proof random assignment

Christian Basteck|Lars Ehlers
p. 569-595

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Feedback Design in Dynamic Moral Hazard

Jeffrey C. Ely|George Georgiadis|Luis Rayo
p. 597-621

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A Quest for Knowledge

Christoph Carnehl|Johannes Schneider
p. 623-659

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Comparative Statics with Adjustment Costs and the Le Chatelier Principle

Eddie Dekel|John K.‐H. Quah|Ludvig Sinander
p. 661-694

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Uniform Priors for Impulse Responses

Jonas E. Arias|Juan F. Rubio‐Ramírez|Daniel F. Waggoner
p. 695-718

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A Comment on: “Autoregressive Conditional Duration: A New Model for Irregularly Spaced Transaction Data”

Giuseppe Cavaliere|Thomas Mikosch|Anders Rahbek|Frederik Vilandt
p. 719-729

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2024 Election of Fellows to the Econometric Society

p. 731-745

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Backmatter of Econometrica Vol. 93 Iss. 2

p. iii-v

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Issue 3 (May 2025)

Frontmatter of Econometrica Vol. 93 Iss. 3

p. i-ii

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Making Subsidies Work: Rules versus Discretion

Federico Cingano|Filippo Palomba|Paolo Pinotti|Enrico Rettore
p. 747-778

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The Cost of Consumer Collateral: Evidence from Bunching

Benjamin L. Collier|Cameron M. Ellis|Benjamin J. Keys
p. 779-819

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Insurance and Inequality with Persistent Private Information

Alexander W. Bloedel|R. Vijay Krishna|Oksana Leukhina
p. 821-857

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Auctioning control and cash-flow rights separately

Tingjun Liu|Dan Bernhardt
p. 859-889

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Soaking Up the Sun: Battery Investment, Renewable Energy, and Market Equilibrium

R. Andrew Butters|Jackson Dorsey|Gautam Gowrisankaran
p. 891-927

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Personalized Pricing and the Value of Time: Evidence from Auctioned Cab Rides

Nicholas Buchholz|Laura Doval|Jakub Kastl|Filip Matejka|Tobias Salz
p. 929-958

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Quality Disclosure and Regulation: Scoring Design in Medicare Advantage

Benjamin Vatter
p. 959-1001

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Risk and Optimal Policies in Bandit Experiments

Karun Adusumilli
p. 1003-1029

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Location Sorting and Endogenous Amenities: Evidence from Amsterdam

Milena Almagro|Tomás Domínguez‐Iino
p. 1031-1071

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Adaptive Maximization of Social Welfare

Nicolò Cesa‐Bianchi|Roberto Colomboni|Maximilian Kasy
p. 1073-1104

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The Econometric Society 2024 Annual Report of the President

p. 1105-1119

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Backmatter of Econometrica Vol. 93 Iss. 3

p. iii-v

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Issue 4 (July 2025)

Frontmatter of Econometrica Vol. 93 Iss. 4

p. i-ii

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Fisher–Schultz Lecture: Generic Machine Learning Inference on Heterogeneous Treatment Effects in Randomized Experiments, With an Application to Immunization in India

Victor Chernozhukov|Mert Demirer|Esther Duflo|Iván Fernández‐Val
p. 1121-1164

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A Comment on: “Fisher–Schultz Lecture: Generic Machine Learning Inference on Heterogeneous Treatment Effects in Randomized Experiments, With an Application to Immunization in India” by Victor Chernozhukov, Mert Demirer, Esther Duflo, and Iván Fernández-Val

Kosuke Imai|Michael Lingzhi Li
p. 1165-1170

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A Comment on: “Fisher–Schultz Lecture: Generic Machine Learning Inference on Heterogeneous Treatment Effects in Randomized Experiments, With an Application to Immunization in India” by Victor Chernozhukov, Mert Demirer, Esther Duflo, and Iván Fernández-Val

Stefan Wager
p. 1171-1176

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Reply to: Comments on “Fisher–Schultz Lecture: Generic Machine Learning Inference on Heterogeneous Treatment Effects in Randomized Experiments, With an Application to Immunization in India”

Victor Chernozhukov|Mert Demirer|Esther Duflo|Iván Fernández‐Val
p. 1177-1181

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Selecting the Most Effective Nudge: Evidence from a Large-Scale Experiment on Immunization

Abhijit Banerjee|Arun G. Chandrasekhar|Suresh Dalpath|Esther Duflo|John Floretta|Matthew O. Jackson|Harini Kannan|Francine Loza|Anirudh Sankar|Anna Schrimpf|Maheshwor Shrestha
p. 1183-1223

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Producing Health: Measuring Value Added of Nursing Homes

Liran Einav|Amy Finkelstein|Neale Mahoney
p. 1225-1264

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Competitive Capture of Public Opinion

Ricardo Alonso|Gerard Padró i Miquel
p. 1265-1297

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You Can Lead a Horse to Water: Spatial Learning and Path Dependence in Consumer Search

Charles Hodgson|Gregory Lewis
p. 1299-1332

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Dynamic Concern for Misspecification

Giacomo Lanzani
p. 1333-1370

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Private Information and Price Regulation in the US Credit Card Market

Scott T. Nelson
p. 1371-1410

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Contract Labor and Establishment Growth in India

Marianne Bertrand|Chang‐Tai Hsieh|Nick Tsivanidis
p. 1411-1448

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Fiduciary Duty and the Market for Financial Advice

Vivek Bhattacharya|Gastón Illanes|Manisha Padi
p. 1449-1480

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A Comment on: “Monotone Comparative Statics”

Rabah Amir|David Rietzke
p. 1481-1490

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Corrigendum: Financial Frictions and the Wealth Distribution

Jesús Fernández‐Villaverde|Samuel Hurtado|Galo Nuño
p. 1491-1496

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Fellows of the Econometric Society July, 2025

p. 1497-1517

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 1519-1519

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Erratum to “Robust Priors in Nonlinear Panel Data Models”

Manuel Arellano|Stéphane Bonhomme|Sofia Borodich Suarez|Martin Schumann|Xiaoxia Shi|Gautam Tripathi
p. o1-o3

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Backmatter of Econometrica Vol. 93 Iss. 4

p. iii-v

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Issue 5 (September 2025)

Frontmatter of Econometrica Vol. 93 Iss. 5

p. i-ii

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Women in Science. Lessons from the Baby Boom

Scott Kim|Petra Moser
p. 1521-1560

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Can Trade Policy Mitigate Climate Change?

Farid Farrokhi|Ahmad Lashkaripour
p. 1561-1599

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Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality

Andrew B. Abel|Stavros Panageas
p. 1601-1633

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Non-stationary Search and Assortative Matching

Nicolas Bonneton|Christopher Sandmann
p. 1635-1662

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Rural Pensions, Labor Reallocation, and Aggregate Income: An Empirical and Quantitative Analysis of China

Qingen Gai|Naijia Guo|Bingjing Li|Qinghua Shi|Xiaodong Zhu
p. 1663-1696

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Privatizing Disability Insurance

Arthur Seibold|Sebastian Seitz|Sebastian Siegloch
p. 1697-1737

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Landmines and Spatial Development

Giorgio Chiovelli|Stelios Michalopoulos|Elias Papaioannou
p. 1739-1778

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Optimal Estimation when Researcher and Social Preferences are Misaligned

Jann Spiess
p. 1779-1810

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Who Benefits from Surge Pricing?

Juan Camilo Castillo
p. 1811-1854

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Structural Estimation of Higher Order Risk Preferences

Morten I. Lau|Hong Il Yoo
p. 1855-1883

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Gaussian Transforms Modeling and the Estimation of Distributional Regression Functions

Richard H. Spady|Sami Stouli
p. 1885-1913

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Bayesian Impact Evaluation with Informative Priors: An Application to a Colombian Management and Export Improvement Program

Leonardo Iacovone|David McKenzie|Rachael Meager
p. 1915-1935

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Backmatter of Econometrica Vol. 93 Iss. 5

p. iii-v

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Erratum: The Aggregate Implications of Regional Business Cycles

Martin Beraja|Erik Hurst|Juan Ospina
p. O1-O14

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Issue 6 (November 2025)

Frontmatter of Econometrica Vol. 93 Iss. 6

p. i-ii

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Presidential Address: Identity Politics

Nicola Gennaioli|Guido Tabellini
p. 1937-1967

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A Comment on: “Presidential Address: Identity Politics” by Nicola Gennaioli and Guido Tabellini

Francesco Trebbi
p. 1969-1971

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A Comment on: “Presidential Address: Identity Politics” by Nicola Gennaioli and Guido Tabellini

Ernesto Dal Bó
p. 1973-1975

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Reply to: Comments on “Presidential Address: Identity Politics”

Nicola Gennaioli|Guido Tabellini
p. 1977-1980

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Adapting to Misspecification

Timothy B. Armstrong|Patrick Kline|Liyang Sun
p. 1981-2005

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Marginal Reputation

Daniel Luo|Alexander Wolitzky
p. 2007-2042

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Consumer Surplus from Suppliers: How Big is it and Does it Matter for Growth?

David Baqaee|Ariel Burstein|Cédric Duprez|Emmanuel Farhi
p. 2043-2081

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Gangs, Labor Mobility, and Development

Nikita Melnikov|Carlos Schmidt‐Padilla|María Micaela Sviatschi
p. 2083-2121

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Transparency and Percent Plans

Adam Kapor
p. 2123-2157

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Search Frictions and Product Design in the Municipal Bond Market

Giulia Brancaccio|Karam Kang
p. 2159-2199

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Integrated Monetary and Financial Policies for Small Open Economies

Suman S. Basu|Emine Boz|Gita Gopinath|Francisco Roch|D. Filiz Unsal
p. 2201-2234

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Competing Platforms and Transport Equilibrium

Nicola Rosaia
p. 2235-2271

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The Social Tax: Redistributive Pressure and Labor Supply

Eliana Carranza|Aletheia Donald|Florian Grosset‐Touba|Supreet Kaur
p. 2273-2308

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Backmatter of Econometrica Vol. 93 Iss. 6

p. iii-v

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