Economics

Dixit, Grossman, and Gul (2000), hereafter DGG, study a setting in which two groups repeatedly divide a fixed surplus over an infinite horizon. The basic setup is as follows: * Two groups, $A$ and $B$, each with concave utility over their share of a pie normalized to 1. * In each period,

One of the reasons why I specifically look at Muslims is, as compared to other marginalized groups in India—let’s say the Scheduled Castes or the Scheduled Tribes—is primarily because there have been political reservation norms for the Scheduled Castes and Scheduled Tribes. There is a plethora of

Most GPU providers post standard rental rates by hour and adjust them infrequently. Some expose dynamic prices that evolve based on supply and demand. But these approaches, while simple and predictable, may not be optimal given current market conditions: severe supply constraints for high-end models, large differences in customer valuations,

Tamil Nadu’s civil service hopefuls give up nearly 1.68 times as much in lost earnings (and coaching fees) as the state will ever pay in salary (see Table 2.5 in Mangal, 2023 (PDF); see MR as well). At first pass, this looks like over-dissipation: candidates appear to

Meta Perspective "If you think about the pieces of advertising, there’s content creation, the creative, there’s the targeting, ... and there’s the measurement and probably the first pieces that we started building were the measurement..." https://stratechery.com/2025/an-interview-with-meta-ceo-mark-zuckerberg-about-ai-and-the-evolution-of-social-media/ Targeting: "Over the last 5

Economists describe overloaded labor and admissions markets as congested. Yet the term is usually deployed to mean “too many applicants,” glossing over the deeper constraint: decision‑makers cannot extract enough reliable information from superficially similar files without incurring prohibitive cost. I call this bottleneck evaluation congestion. The concept explains why