Economics

The economics academic area includes faculty that study a broad range of topics in their discipline, including economic theory, industrial organization, labor economics, macroeconomics, econometrics, environmental economics, and international trade.

The economic faculty bring ideas from economic research (both their own and those from the broader community of economic scholars) to the classroom.

The group teaches principles of economics and statistics in managerial foundations classes, as well as applications of economics in classes on strategy, public policy, human resource management, global management, and other topics.

The rigorous application of economic principles permeates the MBA, Stanford MSx, and Executive Education curricula. The economics area extends its impact beyond Stanford by publishing, by educating PhD students, and by influencing public policy.

Recent Journal Articles in Economics

Susan Athey, Michael Luca
Journal of Economic Perspectives. December
2019, Vol. 33, Issue 1, Pages 209-230

As technology platforms have created new markets and new ways of acquiring information, economists have come to play an increasingly central role in tech companies-tackling problems such as platform design,...

Saumitra Jha, Moses Shayo
Econometrica. December
2019

Can participation in financial markets lead individuals to re-evaluate the costs of conflict, change their political attitudes and even their votes? Prior to the 2015 Israeli elections, we randomly assigned...

Rebecca Diamond, Timothy James McQuade
Journal of Political Economy. June
2019, Vol. 127, Issue 3, Pages 1063-1117

We nonparametrically estimate spillovers of properties financed by the Low Income Housing Tax Credit (LIHTC) onto neighborhood residents by developing a new difference-in-differences style estimator. LIHTC development revitalizes low-income neighborhoods,...

Susan Athey, Mohsen Bayati, Guido W. Imbens, Zhaonan Qu
American Economic Review Papers and Proceedings. May
2019, Vol. 109, Pages 65-70

In many prediction problems researchers have found that combinations of prediction methods (“ensembles”) perform better than individual methods. In this paper we apply these ideas to synthetic control type problems...

Guido W. Imbens, Stefan Wager
Review of Economics & Statistics. May
2019, Vol. 101, Issue 2, Pages 264-278

The increasing popularity of regression discontinuity methods for causal inference in observational studies has led to a proliferation of different estimating strategies, most of which involve first fitting nonparametric regression...

Marinho Bertanha, Guido W. Imbens
Journal of Business & Economic Statistics (forthcoming). April
2 , 2019, Pages 1-39

Fuzzy regression discontinuity designs identify the local average treatment effect (LATE) for the subpopulation of compliers, and with forcing variable equal to the threshold. We develop methods that assess the...

Eric Bettinger, Brent J. Evans
Journal of Policy and Management. March
26 , 2019, Vol. 38, Issue 3, Pages 579-599

Pre‐college advising programs exist in most disadvantaged high schools throughout the United States. These programs supplement traditional advising by high school guidance counselors and attempt to help underrepresented and disadvantaged...

Paul Oyer, Scott Schaefer
ILR Review. March
1 , 2019, Vol. 72, Issue 2, Pages 446-479

The authors study the market for young attorneys. Using data from two surveys of attorneys who passed the bar exam in 2000, they find that attorneys who graduate from law...

Stefan J. Reichelstein, Gunther Glenk
Nature Energy. February
25 , 2019, Vol. 4, Pages 216-222

The recent sharp decline in the cost of renewable energy suggests that the production of hydrogen from renewable power through a power-to-gas process might become more economical. Here we examine...

Journal Article|
Jae Song, David J. Price, Faith Guvenen, Nicholas A. Bloom, Till von Wachter
The Quarterly Journal of Economics. February
1 , 2019, Vol. 134, Issue 1, Pages 1-50

We use a massive, matched employer-employee database for the United States to analyze the contribution of firms to the rise in earnings inequality from 1978 to 2013. We find that...