Showing 1 - 9 of 9
We show that the standard Value Function Iteration (VFI) algorithm has difficulties approximating models with jump discontinuities in policy functions. We find that VFI fails to accurately identify the location and size of jump discontinuities while other methods - such as the Endogenous Grid...
Persistent link: https://www.econbiz.de/10010366210
We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization. Quantum annealers attempt to solve an NP-hard problem by starting in a quantum superposition of all...
Persistent link: https://www.econbiz.de/10014295022
This paper documents differences across higher-education courses in the coverage of frontier knowledge. Comparing the text of 1.7M syllabi and 20M academic articles, we construct the "education-innovation gap," a syllabus's relative proximity to old and new knowledge. We show that courses differ...
Persistent link: https://www.econbiz.de/10013167978
We propose a new method for measuring gender and ethnic stereotypes in news reports. By combining computer vision and natural language processing tools, the method allows us to analyze both images and text as well as the interaction between the two. We apply this approach to over 2 million web...
Persistent link: https://www.econbiz.de/10013176883
We study political polarization in a parliamentary setting dominated by strong parties. In addition to examining polarization along the left-right dimension, we consider political divergence between legislators belonging to the same political bloc. Are politicians' background characteristics...
Persistent link: https://www.econbiz.de/10012415437
We study the interplay between scientific progress and culture through text analysis on a corpus of about eight million books, with the use of techniques and algorithms from machine learning. We focus on a specific scientific breakthrough, the theory of evolution through natural selection by...
Persistent link: https://www.econbiz.de/10011966910
This paper quantifies the impact of online vaccine skepticism on pediatric vaccine uptake and health outcomes. We propose a novel methodology that combines Natural Language Processing and an instrumental variable strategy that leverages the intransitivity of the social network's connections. By...
Persistent link: https://www.econbiz.de/10013475264
We study the evolution of interest about climate change between different actors of the population, and how the interest of those actors affect one another. We first document the evolution individually, and then provide a model of cross influences between them, that we then estimate with a VAR....
Persistent link: https://www.econbiz.de/10013358947
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10013503368