CRC TR 224 EPoS Bonn-Mannheim

"Beyond Vows: Family Structure and Consumption Inequality" by Zainab Iftikhar, Theresa Linhard, Hanna Schwank is now available: crctr224.de/research/discu…

Consumption inequality is not just about how much households have — but also about who gets what within them. Accounting for cohabitation and unequal sharing within couples substantially changes measured inequality and poverty.

"Why CEOs Have Become 8 Years Older When Appointed" Interview with Farzad Saidi is now available: crctr224.de/newsroom/inter…

Economic uncertainties and technological disruptions, such as AI, could further reinforce this trend. These are insights of a new study by the EPoS Economic Research Center at the Universities of Bonn and Mannheim, published in the discussion paper “Aging at the Very Top.”

In the US, the age at which CEOs are appointed increased by nearly eight years, on average, in the last two and a half decades. This increase is unexpected, as it is more than three times larger than aging in the broader, college-educated workforce.

"Aging at the Very Top" by Valentin Kecht, Alessandro Lizzeri and Farzad Saidi is now available: crctr224.de/research/discu…

CEOs have become much older since 2000, especially in smaller firms, as rising uncertainty and complexity increase demand for generalist skills acquired over longer careers.

"Advancing Competition Policy in the Digital Gatekeeper Era – A Tribute to Heike Schweitzer" by Jens-Uwe Franck and Martin Peitz is now available: crctr224.de/research/discu…

Reflections on Competion Policy in the Digital Gatekeeper Era

"Nash Equilibria as Limits of Equilibria of Nearby Finite Games" by Francesc Dilmé is now available: crctr224.de/research/discu…

We prove a discretization theorem for Nash equilibria: equilibria of games with compact metric action spaces arise as limits of equilibria in finite approximating games with uniformly vanishing payoff perturbations. Includes a counterexample showing perturbations are essential.

"The Misallocation Cost of Inflation: A Sufficient Statistics Approach" by Klaus Adam, Andrey Alexandrov and Henning Weber is now available: crctr224.de/research/discu…

New research finds that the costs associated with deviating from optimal inflation targets are large: implementing a 10% instead of a 2% inflation rate generates output losses of 1% per period.

"AI Overview or Overreach? Google’s Strategic Deployment of Generative AI in Search" by Robin Ng and Michael Wessel is now available: crctr224.de/research/discu…

AI Overviews in Google search do not appear for all search queries. Our result suggest that they show up where they best serve Google’s incentives, balancing user satisfaction and ad revenue. AI overviews are not just to help users but form part of a broader strategy.

Innovation in the EU Merger Guidelines, some guidance by @peitz_martin "Innovation in EU Merger Control: Theories of Harm and Efficiencies" is now available: crctr224.de/research/discu…

"Missing Men and Women’s Demand for Political Representation" is now available: crctr224.de/research/discu…

Most research asks why men gave women the vote. We ask: what made women fight for it? Using a new revealed-preference measure, we show male absence sustained demand for the franchise in WWI Germany — with women in leadership appearing as the main driver.

"Do Firms Know What Workers Want?" is now available: crctr224.de/research/discu…

Do firms know what workers want? In new surveys of German firms and workers, we find that managers systematically underestimate how much workers value nonwage amenities. This leads to underprovision of amenities, labor shortages, and excess labor costs.