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Sandor Juhász, Johannes Wachs, Jermain Kaminski, and César Hidalgo

vol. 55, n. 3 (105422), April 2026

Despite the growing importance of the digital sector, research on economic complexity and its implications continues to rely mostly on administrative records—e.g. data on exports, patents, and employment—that have blind spots when it comes to the digital economy. In this paper we use data on the...

Christophe Cahn, Patrick Fève, and Julien Matheron

vol. 184, n. 105243, April 2026

This paper evaluates the long-run economic effects of a fiscal rebalancing reform, namely a policy consisting in increasing consumption taxes and simultaneously lowering payroll taxes, all this in a budget neutral way. To this end, we construct a heterogeneous-agent model and compare the pre- and...

Jean-Paul Décamps, Fabien Gensbittel, and Thomas Mariotti

vol. 36, n. 2, April 2026, pp. 1769–1814

We prove the existence of a Markov-perfect equilibrium in randomized stopping times for a model of the war of attrition in which the underlying state variable follows a homogenous linear diffusion. We first prove that the space of Markovian randomized stopping times can be topologized as a compact...

Elena Panova

March 2026

This paper studies the effect of media market competition on confirmatory bias, the tendency to confirm common priors to appear competent, while accounting for both single- and multi-homing. It finds that competition helps sustain informative reporting when priors are relatively precise, but has...

Pascal Bégout, and Jesus Ildefonso Diaz

vol. 46, n. 2, March 2026, pp. 153–183

We study the complex Ginzburg–Landau equation posed on possibly unbounded domains, including some singular and saturated nonlinear damping terms. This model interpolates between the nonlinear Schr¨odinger equation and dissipative parabolic dynamics through a complex timederivative prefactor,...

Xiao Xu, Nikhil Chaudhari, Phoebe E. Imms, Nahian Chowdhury, Fangyun C. Liu, Jorge A. Solis Galvan, Bavrina Bigjahan, Grant Schleifer, Maria Ashna, Blake Hannagan, Giuseppe Barisano, Daniel Cummings, Daniel Eid Rodriguez, Paul L. Hooper, Edmond Seabright, Randall C. Thompson, Benjamin C. Trumble, Michael Gurven, Jonathan Stieglitz, Caleb Finch, Linda Sutherland, Helena Chui, Margaret Gatz, Wendy Mack, Hillard Kaplan, and Andrei Irimia

March 2026

Thi-Huong Trinh, Christine Thomas-Agnan, and Michel Simioni

March 2026

In econometrics, the impact of climate change on agricultural yield has often been modeled using linear functional regression, where crop yield, a scalar response, is regressed on the temperature distribution over a given time period, treated as an ordinary functional parameter, along with other...

Philippe Bontems, Marie-Françoise Calmette, and David Martimort

vol. 45, n. 100447, March 2026

Motivated by the forthcoming terminations of most highways concessions in France, we propose a versatile model of dynamic regulation and contract renewals that describes a long-term relationship between the public authority and an incumbent operator with private information about its costs that may...

Arthur Ribeiro Queiroz, Elton Freitas, and João Prates Romero

vol. 76, February 2026, pp. 20–43

The objective of this paper is to assess the heterogeneity of employment multipliers between regions and sectors of distinct complexity levels, segmenting regions into four complexity levels and the economy into two sectors: complex and non-complex. Formal labor market data from 558 Brazilian micro...

Marijn Keijzer, Lukas Erhard, Zarine Kharazian, and Manika Lamba

February 2026

The impact of YouTube’s recommendation algorithm has been subject to much debate. Case studies and anecdotal evidence have suggested that algorithmic recommendations may lure the platform’s users into informational ‘rabbit holes’ where they are exposed to biased content and misinformation. However...