Give credit to the Organisation for Economic Cooperation and Development, or OECDâan organization that has so often either mirrored or defined (depending on your point of view) the consensus on economic policy issuesâfor so thoroughly embracing the idea that high and growing income inequality may well be bad for growth. The Paris-based organization of leading developed and developing economies lat
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical appr
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Research Statement (2018) Published and forthcoming papers Identifying the Effect of Election Closeness on Voter Turnout: Evidence from Swiss Referenda (with Davide Cantoni, Patricia Funk, Felix Schönenberger, and Noam Yuchtman) Journal of the European Economic Association, 22(2), 876-914 (2024) The Immigrant Next Door (with Thomas Chaney, Tarek Hassan, and Aakaash Rao) American Economic Review, 1
Half a century ago, in the great hippie year of 1967, an acclaimed young American science fiction writer, Roger Zelazny, published his third novel. In many ways, Lord of Light was of its time, shaggy with imported Hindu mythology and cosmic dialogue. Yet there were also glints of something more forward-looking and political. One plot strand concerned a group of revolutionaries who wanted to take t
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