Households “sort” across neighborhoods according to their wealth and their preferences for
public goods, social characteristics, and commuting opportunities. The aggregation of these …

This paper surveys recent evidence on the determinants of (national and/or foreign)
industrial location. We find that the basic analytical framework has remained essentially …

We study how firms differ from their competitors using new time-varying measures of product
similarity based on text-based analysis of firm 10-K product descriptions. This year-by-year …

摘要商业中心是城市零售活动的重要载体, 优化商业资源在城市内部空间的合理配置,
摸清不同零售经营形态的区位选择, 显得尤为重要. 以面向公众服务的商业机构兴趣点(POI) …

We use text-based analysis of 10-K product descriptions to examine whether firms exploit
product market synergies through asset complementarities in mergers and acquisitions …

We construct a new index of media slant that measures the similarity of a news outlet's
language to that of a congressional Republican or Democrat. We estimate a model of …

How does firm entry affect innovation incentives in incumbent firms? Microdata suggest that
there is heterogeneity across industries. Specifically, incumbent productivity growth and …

Many studies have documented large and persistent productivity differences across
producers, even within narrowly defined industries. This paper both extends and departs …

This paper studies the estimation of dynamic discrete games of incomplete information. Two
main econometric issues appear in the estimation of these models: the indeterminacy …

The entry and exit of products, rather than firms, serve as the main equilibrating force in
many markets, so accurately predicting changes from a merger or bankruptcy should …