1/6 New version of our WP *Time is Knowledge: What Response Times Reveal* - joint with Shuo Liu and Nick Netzer. The big update: we now include four applications showing how the theory can be used in practice:
Jean-Michel Benkert
@jmbenkert.bsky.social
Economist @ Uni Bern, https://jmbenkert.ch
Can‘t wait to attend - thx for organizing!
We are happy to announce that the inaugural Bern/Linz Innovation & Knowledge (BLInK) Workshop will take place next week at the University of Bern. Many thanks to @igorletina.bsky.social and @jsndr.bsky.social for putting together a fantastic program.
I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics. 🧵 1/7
AI Acquihires: Competition Risks, Talent Battles and Economic Spillovers Webinar - 8 October @ 17:00 CEST 🗣️Jonathan Kanter @lugaricano.bsky.social @imarinescu.bsky.social @igorletina.bsky.social Hans Zenger Moderator: @florianederer.bsky.social Register: cepr.org/events/ai-ac... #EconSky
A thread on "reverse acquihires" in the AI space. Reverse acquihires are characterized by two things: 1) the buyer takes over the most important/talented employees and 2) the buyer pays a hefty sum to the target firm via a side deal. They are becoming common in the AI space:
One thing I have not seen mentioned in the discussion about compensation packages for AI engineers is that firms are willing to pay not just for what value those employees bring to them, but also for the value that their competitors lose. In a sense, firms are partly trying to *hoard AI talent* 1/2
Meta Poached Apple’s Pang With Pay Package Over $200 Million
Meta Platforms Inc. has made unusually high compensation offers to new members of its “superintelligence” team — including a more than $200 million package for a former Apple Inc. distinguished engine...
bloomberg.com
We’re happy to host the 1st European Economic Theory Conference in Bonn next fall! Submissions in all areas of economic theory are welcome.
Such a great initiative! I‘m looking forward to trialling this soon.
Excited to see All Day TA (@alldayta.bsky.social - www.alldayta.com), our in-class AI, in 100s of universities for the spring term! A quick thread of how I would recommend you set it up. Tldr: you won't need more than 30 minutes. 1/x
1/7 In our new WP Strategic Attribute Learning, Ludmila Matysková, Egor Starkov, and I study how preference misalignment between a researcher and a decision-maker shapes learning and decision-making. [Link below]
Check out the thread by @igorletina.bsky.social on our new short paper on never-ending search for innovation.
1/ New (short!) paper with @jmbenkert.bsky.social. The question that we are interested in is this: when should you stop searching for an innovation? Surprisingly (to us) the answer in our model is: never. Link to the paper: arxiv.org/abs/2412.03227
The incentives at elite business schools are often discussed, though I know little about them. However, at less prestigious business schools, the pressure to "publish something" just to meet accreditation standards likely does not lead to high-quality research either.
woody and buzz lightyear from toy story are standing next to each other and talking about incentives and galore .
ALT: woody and buzz lightyear from toy story are standing next to each other and talking about incentives and galore .
media.tenor.com
the fallout from the Francesca Gino research misconduct scandal isn't over. @engber.bsky.social writes about how an effort by some of her colleagues to self-audit their work with her ended up raising even more questions — for them personally and their whole field www.theatlantic.com/magazine/arc...
Do we do threads🧵on #EconSky? I recently gave a talk on competition policy and startup acquisitions. Here are the main points: 1/ Since ~2001, acquisitions have overtaken IPOs as the primary "exit" for VC-backed startups. This shift impacts how competition plays out.
Come join us for an exciting event in Bern! Looking forward to receiving your applications. Let us know if you have any questions.
Jean-Michel Benkert and I are organizing a small workshop on the economics of startup acquisitions. We welcome theoretical and empirical papers on killer acquisitions, acquihires, incentives to innovate, and other topics related to startup acquisitions. CfP: www.igorletina.com/files/cfp_es... 📈📉
The Economist has a very interesting article on the need to improve how we fund research. There is even a paragraph on innovation contests. www.economist.com/science-and-...
New ways to pay for research could boost scientific progress
A new field hopes to apply science’s methods to science itself
economist.com
We are hiring!🇨🇭 👉 4-year Postdoc position in Macroeconomics / Banking / Finance 👉 Dept. of Economics, University of Bern, group of Profs. Cyril Monnet and Dirk Niepelt 👉 Project on "Money and Debt in the 21st Century: Liquidity, Safety, Redistribution" 📈📉 econjobmarket.org/statuses?oid...
EJM - Econ Job Market
econjobmarket.org