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Advances in Economics and Econometrics

Advances in Economics and Econometrics

Advances in Economics and Econometrics

Twelfth World Congress
Volume 2:
Editors:
Victor Chernozhukov, Massachusetts Institute of Technology
Johannes Hörner, Yale University, Connecticut
Eliana La Ferrara, Harvard University, Massachusetts
Iván Werning, Massachusetts Institute of Technology
David Pearce, Stéphane Bonhomme, Alfred Galichon, Raffaella Giacomini, Toru Kitagawa, Matthew Read, Anna Mikusheva, Alberto Abadie, Jaume Vives-i-Bastida, Simon Freyaldenhoven, Christian Hansen, Jorge Pérez Pérez, Jesse M. Shapiro, Philippe Aghion, Per Krusell, John Hassler, Conny Olovsson, José-Luis Cruz, Esteban Rossi-Hansberg
Published:
August 2025
Volume:
2
Availability:
Not yet published - available from August 2025
Format:
Hardback
ISBN:
9781009531412

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    Every five years, the World Congress of the Econometric Society brings together scholars from around the world. Leading scholars present state-of-the-art overviews of their areas of research, offering newcomers access to key research in economics. Advances in Economics and Econometrics: Twelfth World Congress consist of papers and commentaries presented at the Twelfth World Congress of the Econometric Society. This two-volume set includes surveys and interpretations of key developments in economics and econometrics, and discussion of future directions for a variety of topics, covering both theory and application. The first volume addresses such topics as contract theory, industrial organization, health and human capital, as well as racial justice, while the second volume includes theoretical and applied papers on climate change, time series econometrics, and causal inference. These papers are invaluable for experienced economists seeking to broaden their knowledge or young economists new to the field.

    • Gives an overview of the current state of thought in economics through a wide selection of topics across fields of economics
    • Offers thorough summaries by the leading experts in each area, providing a succinct and complete understanding of the state of the art in each area
    • Provides a valuable way for students or new researchers to learn what the frontier of knowledge is in an area quickly and easily

    Product details

    August 2025
    Hardback
    9781009531412
    340 pages
    234 × 191 mm
    Not yet published - available from August 2025

    Table of Contents

    • 1. Individual and Social Welfare: A Bayesian Perspective David Pearce
    • 2. Teams: Heterogeneity, Sorting, and Complementarity Stéphane Bonhomme
    • 3. The Unreasonable Effectiveness of Optimal Transport in Economics Alfred Galichon
    • 4. Robust Bayesian Analysis for Econometrics Raffaella Giacomini, Toru Kitagawa and Matthew Read
    • 5. Many Weak Instruments in Time Series Econometrics Anna Mikusheva
    • 6. Synthetic Controls in Action Alberto Abadie and Jaume Vives-i-Bastida
    • 7. Visualization, Identification, and Estimation in the Linear Panel Event-Study Design Simon Freyaldenhoven, Christian Hansen, Jorge Pérez Pérez and Jesse M. Shapiro
    • 8. Introducing Innovation into the Climate Debate Philippe Aghion
    • 9. Comments on Carbon Policy Per Krusell, John Hassler and Conny Olovsson
    • 10. Local Carbon Policy José-Luis Cruz and Esteban Rossi-Hansberg.
      Contributors
    • David Pearce, Stéphane Bonhomme, Alfred Galichon, Raffaella Giacomini, Toru Kitagawa, Matthew Read, Anna Mikusheva, Alberto Abadie, Jaume Vives-i-Bastida, Simon Freyaldenhoven, Christian Hansen, Jorge Pérez Pérez, Jesse M. Shapiro, Philippe Aghion, Per Krusell, John Hassler, Conny Olovsson, José-Luis Cruz, Esteban Rossi-Hansberg

    • Editors
    • Victor Chernozhukov , Massachusetts Institute of Technology

      Victor Chernozhukov is the International Ford Professor in the Department of Economics at MIT and Center for Statistics and Data Science of MIT. He is a Fellow of The Econometric Society and a recipient of the Alfred P. Sloan Research Fellowship, the Arnold Zellner Award, and the Bessel Award. He was elected to the American Academy of Arts and Sciences in April 2016. In 2019 he was elected a Fellow of the Institute of Mathematical Statistics with the citation 'for pathbreaking contributions to high-dimensional inference'.

    • Johannes Hörner , Yale University, Connecticut

      Johannes Hörner is the Alfred Cowles Professor of Economics at Yale University and directeur de recherche at CNRS and the Toulouse School of Economics. He is a Fellow of the Econometric Society and served as Co-Editor of Theoretical Economics and Economic Theory and Editor of American Economic Journal: Microeconomics. His research is in economic theory, with emphasis on game theory.

    • Eliana La Ferrara , Harvard University, Massachusetts

      Eliana La Ferrara is a Professor of Public Policy at Harvard Kennedy School. She is the 2023 President of the Econometric Society and Foreign Honorary Member of the American Economic Association and of the American Academy of Arts and Sciences. Her research is in Development and Political Economics, particularly on the role of social factors in economic development.

    • Iván Werning , Massachusetts Institute of Technology

      Iván Werning is the Robert M. Solow Professor of Economics at the Massachusetts Institute of Technology, where he has been since earning his PhD from the University of Chicago in 2002. He is an Argentine economist with research interests in macroeconomics, international economics and public finance. He is a member of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, and a Research Fellow at the National Bureau of Economic Research.