Keaton Miller

@elhauge @conlon_chris @HalSinger @LHSummers One way to do it is to find some exogenous variation in market concentration. @econominable has a great WP using some weird features of the cannabis industry to demonstrate some of the different ways concentration affects prices. bretthollenbeckcom.files.wordpress.com/2021/07/hollen…

@conlon_chris @HalSinger @LHSummers That does not answer the question, so I will ask again: how would you determine the effects of concentration on price and inflation levels? Are you saying economics is incapable of answering that question one way or the other?

An important finding that reinforces a similar finding by Hal Singer. Score one for @HalSinger and one against @LHSummers in the concentration-inflation debate.

Introducing stata2r.github.io w @nickchk and @grant_mcdermott Hopefully makes the Stata -> R pipeline much easier. - data-wrangling with {data.table} - regression analysis with {fixest} These packages are blazingly fast 🏃🏻💨, highly powerful 💪🏻😎, and flexible 👌✨

@bitsy15CS Good question! I'm using Census counts of "residents" here, which includes non-citizens. Of course, that could be biased across counties based on the methods the Census uses to count that population, but i think it's probably second order to the main question.

@millersdrafts Impressive thought experiment! Any chance of incorporating correction for non-citizens by county? I'm imagining counties with lots of green card holders more than undocumented.

My first Medium story! "Research under ‘heroic’ assumptions: how many Trump and Biden voters have died from COVID-19?" link.medium.com/fOkwf1gNFlb

@benconomics @wwwojtekk @grattonecon @florianederer @carly_urban I've got your back... So to speak.

@wwwojtekk @grattonecon @millersdrafts @florianederer @carly_urban Nobody wants to belay me on the lead....

If the University of Austin succeeds, I hope the also start up a University of Bend. What wins for you?

Congrats to David Evans, a @uoregon economist, whose work appears as the lead paper in this month's Econometrica! @ecmaEditors econometricsociety.org/publications/e…

@mattyglesias @john_morehouse7 @Brett_Garcia_ It can be especially bad if the tourists are spending their dollars *outside* of the jurisdiction they are staying in -- for example people staying in San Gabriel are probably spending in LA City or Pasadena... but bringing their externalities home with them.

@mattyglesias @john_morehouse7 @Brett_Garcia_ Intuition here is that traditional hospitality industry/zoning rules keep externalities of tourists away from long-term residents, so positive effects dominate. Short-term rentals distribute externalities to places where part of value of residency is "peace and quiet."

@benconomics @uoregon Random selection of reporting is strong. I prefer to think that the vaccination rate among non-reporters is zero.

Come on faculty @uoregon, are we going to let the students beat us in the vaccination race? Also students, great job (still at 96 percent vaccinated with 1 week before class)!!!

What's going on with global supply chains? (aka "why are we running out of everthing," "why is shipping so slow," "why are things more expensive"). A link roundup thread:

In case you haven't started looking in the JOE yet, there's a tenured endowed chair (open field) opening in the @uoregon economics dept, funded by generous donation from the Patrone family. Please apply. Email or DM if you have questions. careers.uoregon.edu/en-us/job/5275…

@troachecon @benconomics It will be interesting to see how border distances matter for eventual exit. Looking forward to learning more!

@troachecon @benconomics Fascinating story. Didn't know the stats on OK's dispensaries. Very interested to see what happens when leases end. One Q: can non-residents get cards to shop?

New work in @JournalTax: “The Effect of Cannabis Legalization on Substance Demand and Tax Revenues” By Keaton Miller (@millersdrafts) & Boyoung Seo Read more here: bit.ly/3get1Xx

Re: the @nytimes spelling bee. Last year the NYT used the word "zoonotic" more than 40 times in print. It used the words "inurn" and "minim" (from yesterday's spelling bee) zero times. Don't tell me "zoonotic" is obscure and "minim" is not.

@UnlearnEcon Yes, it's a paper from the 80s. The point: economists have been thinking about individuals and the choices they make *at that level* for a long time. Ages, by your estimation. Ages during which economists have spoken to their basic unit of analysis. What would you like to see?

@UnlearnEcon My second point is that economists do study individuals. One example from my field: Rust 1987 ECMA. "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher" A landmark study dedicated to the examination of one bus maintenance manager. jstor.org/stable/1911259

@UnlearnEcon Oh, I meant the unit of analysis is a "choice" -- as in one study might analyze the choice of where to go to school, another study might consider consumption smoothing choices, and another might model the choice of interest rates by central banks. (All from the January AER)