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...

Susan Athey, Mohsen Bayati, Guido W. Imbens, Zhaonan Qu
American Economic Review Papers and Proceedings (forthcoming). May
2019

This paper studies a panel data setting where the goal is to estimate causal effects of an intervention by predicting the counterfactual values of outcomes for treated units, had they...

Marinho Bertanha, Guido W. Imbens
Journal of Business & Economic Statistics. April
2 , 2019

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...

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...

Liran Einav, Stephanie Lee, Jonathan Levin
Health Economics. February
2019, Vol. 28, Issue 2, Pages 261-279

Workplace wellness programs have become increasingly common in the United States, although there is not yet consensus regarding the ability of such programs to improve employees’ health and reduce health...

Susan Athey, Stefan Wager, Julie Tibshirani
Annals of Statistics.
2019, Vol. 47, Issue 2, Pages 1148-1178

We propose generalized random forests, a method for nonparametric statistical estimation based on random forests (Breiman [Mach. Learn. 45(2001) 5–32]) that can be used to fit any quantity of interest identified...

Rebecca Diamond, Timothy James McQuade
Journal of Political Economy (forthcoming).
2019

We estimate the spillovers of properties financed by the Low Income Housing Tax Credit (LIHTC) onto surrounding neighborhood residents. We nonparametrically estimate the impact of LIHTC development on nearby house...

Nicholas A. Bloom, Philip Bunn, Scarlet Chen, Paul Mizen, Pawel Smietanka, Greg Thwaites, Gary Young
Fiscal Studies. December
2018, Vol. 39, Issue 4, Pages 555-580

The UK’s decision to leave the EU in the 2016 referendum created substantial uncertainty for UK businesses. The nature of this uncertainty is different from that of a typical uncertainty...