Markets are competitive if and only if P != NP
arXiv:2602.20415v1 Announce Type: cross Abstract: I prove that competitive market outcomes require computational intractability. If P = NP, firms can efficiently solve the collusion detection...
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arXiv:2602.20415v1 Announce Type: cross Abstract: I prove that competitive market outcomes require computational intractability. If P = NP, firms can efficiently solve the collusion detection...
arXiv:2602.20856v1 Announce Type: cross Abstract: This paper develops a unified framework that links firm-level predictive signals, cross-asset spillovers, and the stochastic discount factor (SDF). Signals...
arXiv:2602.21125v1 Announce Type: cross Abstract: We generalize the seminal framework of Kyle (1985) to a many-asset setting, bridging the gap between informed-trading theory and modern...
arXiv:2207.01830v3 Announce Type: replace Abstract: We study the diffusion of a true and a false message (misinformation) when agents are biased and able to verify...
arXiv:2401.11046v3 Announce Type: replace Abstract: This paper proposes an information-based inference method for partially identified parameters in incomplete models that is valid both when the...
arXiv:2401.14395v2 Announce Type: replace Abstract: Control variables are routinely treated as exogenous, yet in many empirical settings they are themselves endogenous. This creates a dilemma:...
arXiv:2405.20912v4 Announce Type: replace Abstract: In airport operations, optimally using dedicated personnel for baggage handling tasks plays a crucial role in the design of resource-efficient...
arXiv:2409.09577v2 Announce Type: replace Abstract: We study policy counterfactuals that impose path restrictions on a policy instrument over a finite window. Under a sequential intervention...
arXiv:2410.04330v2 Announce Type: replace Abstract: This paper studies multi-horizon Granger causality using high-dimensional local projections in sparse Vector Autoregressive (VAR) systems. Since local projection coefficients...
arXiv:2412.10304v3 Announce Type: replace Abstract: A popular approach to perform inference on a target parameter in the presence of nuisance parameters is to construct estimating...
arXiv:2501.06873v2 Announce Type: replace Abstract: As economics scales, a key bottleneck is representing what papers claim in a comparable, aggregable form. We introduce evidence-annotated claim...
arXiv:2502.05920v2 Announce Type: replace Abstract: This paper studies the implementation of Bayes correlated equilibria in symmetric Bayesian games with nonatomic players, using direct information structures...
arXiv:2503.03996v2 Announce Type: replace Abstract: This paper examines bid requirements, where the government may cancel a procurement contract unless two or more bids are received....
arXiv:2504.18310v2 Announce Type: replace Abstract: Large language models (LLMs) are increasingly used to provide health advice, yet evidence on how their accuracy varies across languages,...
arXiv:2512.18342v3 Announce Type: replace Abstract: We study whether disruptions to preventive care during the first wave of the coronavirus disease 2019 pandemic affected subsequent acute...
Learn how a dolphin named Mimmo settled in Venice’s San Marco Basin, and why its greatest threat may be humans.
Äthiopien ist eines der einkommensschwächsten Länder der Erde - und neuerdings Elektroauto-Hotspot. In dem afrikanischen Land steigen die Zulassungszahlen für E-Autos kräftig an. (Source: Bloomberg)
US Defense Secretary Pete Hegseth has reportedly given AI company Anthropic until Friday to agree to allow its technology to be used for military applications.
President Trump issued several awards during his State of the Union address before Congress on Tuesday evening. The honorees included two military pilots, an Olympic...
In his State of the Union address, US President Trump reiterated claims the US “obliterated” Iran’s nuclear programme.
WASHINGTON — In the first State of the Union address of his second term, President Donald Trump touted economic wins, including on health care, even...
1Password plans to raise prices for both individual and family plans by a whopping 33% in late March 2026. (via Cult of Mac - Your...
President Trump stormed into the Capitol on Tuesday night to extol the first-year performance of his return to power, bash the Democrats as feckless rivals,...
During his State of the Union address, US President Donald Trump said that Iran and its proxies have “spread nothing but terrorism, death and hate,” adding...