AlxK
@alexanderwk.bsky.social
Economics grad student in the southwest 🌊
Liberté, égalité, fraternité
Liberté, égalité, fraternité
Reposted by AlxK
something I've been thinking about if/when we retake power is we're really going to need to shock & awe the elites with accountability. hit em hard and fast. gotta break the entire system and don't give it time to regroup.
Important to understand the Epstein stuff and the fascism and the corruption are, in a lot of ways, really all the same story from different angles: powerful men who can and do abuse vulnerable people around them because they can, and because systems of elite accountability catastrophically failed
November 13, 2025 at 4:39 AM
something I've been thinking about if/when we retake power is we're really going to need to shock & awe the elites with accountability. hit em hard and fast. gotta break the entire system and don't give it time to regroup.
Reposted by AlxK
Inflation fears without inflation
We will not get US October inflation data, but administration officials seem concerned about inflation perceptions
www.ubs.com/global/en/we...
#EconSky
We will not get US October inflation data, but administration officials seem concerned about inflation perceptions
www.ubs.com/global/en/we...
#EconSky
Inflation fears without inflation
US October consumer price inflation should have been published today. It is unlikely the number will ever be calculated, because there was no one to collect the price data. This highlights a problem —...
www.ubs.com
November 13, 2025 at 8:37 AM
Inflation fears without inflation
We will not get US October inflation data, but administration officials seem concerned about inflation perceptions
www.ubs.com/global/en/we...
#EconSky
We will not get US October inflation data, but administration officials seem concerned about inflation perceptions
www.ubs.com/global/en/we...
#EconSky
Reposted by AlxK
Do tariff cuts cut prices?
Talk of lower tariffs on US imports from Switzerland might offer an important test case: do consumer prices fall when tariffs are reduced?
www.ubs.com/global/en/we...
#EconSky
Talk of lower tariffs on US imports from Switzerland might offer an important test case: do consumer prices fall when tariffs are reduced?
www.ubs.com/global/en/we...
#EconSky
Do tariff cuts cut prices?
Media reports suggest US importers may face a lower tariff on products from Switzerland (the suggestion is that the August 39% tariff becomes 15%). Swiss imports are a rather modest contribution to th...
www.ubs.com
November 11, 2025 at 10:42 AM
Do tariff cuts cut prices?
Talk of lower tariffs on US imports from Switzerland might offer an important test case: do consumer prices fall when tariffs are reduced?
www.ubs.com/global/en/we...
#EconSky
Talk of lower tariffs on US imports from Switzerland might offer an important test case: do consumer prices fall when tariffs are reduced?
www.ubs.com/global/en/we...
#EconSky
Regression of count variables been making my head spin and then I read a paper using OLS for a days per month dependent var
November 11, 2025 at 9:30 AM
Regression of count variables been making my head spin and then I read a paper using OLS for a days per month dependent var
Reposted by AlxK
Reposted by AlxK
Reposted by AlxK
Common Ownership & Employee Earnings
updated & improved
Consider a pair of companies that sell into the same product market. If pair shares common owners, the owners have incentive for pair to soften competition.
Same with local labor market competition
papers.ssrn.com/sol3/papers....
updated & improved
Consider a pair of companies that sell into the same product market. If pair shares common owners, the owners have incentive for pair to soften competition.
Same with local labor market competition
papers.ssrn.com/sol3/papers....
September 16, 2025 at 6:56 PM
Common Ownership & Employee Earnings
updated & improved
Consider a pair of companies that sell into the same product market. If pair shares common owners, the owners have incentive for pair to soften competition.
Same with local labor market competition
papers.ssrn.com/sol3/papers....
updated & improved
Consider a pair of companies that sell into the same product market. If pair shares common owners, the owners have incentive for pair to soften competition.
Same with local labor market competition
papers.ssrn.com/sol3/papers....
Reposted by AlxK
20% of practicing doctors in the United States are immigrants.
September 7, 2025 at 2:28 AM
20% of practicing doctors in the United States are immigrants.
Reposted by AlxK
Matching the Forbes 400 to tax data finds that they pay a total tax rate of 24 percent of economic income, lower than the 30 percent tax rate paid on average in the US, from Akcan S. Balkir, Emmanuel Saez, Danny Yagan, and Gabriel Zucman https://www.nber.org/papers/w34170
September 2, 2025 at 2:31 PM
Matching the Forbes 400 to tax data finds that they pay a total tax rate of 24 percent of economic income, lower than the 30 percent tax rate paid on average in the US, from Akcan S. Balkir, Emmanuel Saez, Danny Yagan, and Gabriel Zucman https://www.nber.org/papers/w34170
Reposted by AlxK
"In our benchmark estimate, the total effective tax rate—all taxes paid relative to economic income—of the top 0.0002% (approximately the “top 400”) averaged 24% in 2018–2020 compared with 30% for the full population and 45% for top labor income earners." #Econsky
Matching the Forbes 400 to tax data finds that they pay a total tax rate of 24 percent of economic income, lower than the 30 percent tax rate paid on average in the US, from Akcan S. Balkir, Emmanuel Saez, Danny Yagan, and Gabriel Zucman https://www.nber.org/papers/w34170
September 2, 2025 at 3:39 PM
"In our benchmark estimate, the total effective tax rate—all taxes paid relative to economic income—of the top 0.0002% (approximately the “top 400”) averaged 24% in 2018–2020 compared with 30% for the full population and 45% for top labor income earners." #Econsky
Reposted by AlxK
I signed an open letter from economists supporting Fed independence & Gov. Lisa Cook. Letter: docs.google.com/document/d/1...
Add your name by Monday: docs.google.com/forms/d/e/1F...
Add your name by Monday: docs.google.com/forms/d/e/1F...
Open letter
Click here to add your signature. An Open Letter from Economists in Support of Governor Lisa Cook and Federal Reserve Independence To the President, Members of Congress, and the American public: We wr...
docs.google.com
August 31, 2025 at 9:23 PM
I signed an open letter from economists supporting Fed independence & Gov. Lisa Cook. Letter: docs.google.com/document/d/1...
Add your name by Monday: docs.google.com/forms/d/e/1F...
Add your name by Monday: docs.google.com/forms/d/e/1F...
Reposted by AlxK
The UFP – Unsustainable Fiscal Position
The US Senate passed a bill to enshrine the US Unsustainable Fiscal Position into law. It is not entirely certain the House will follow.
secure.ubs.com/global/en/we...
#EconSky
The US Senate passed a bill to enshrine the US Unsustainable Fiscal Position into law. It is not entirely certain the House will follow.
secure.ubs.com/global/en/we...
#EconSky
The UFP – Unsustainable Fiscal Position
The US Senate passed legislation to enshrine an unsustainable fiscal position into law. The bill goes to the House, where it may run into difficulties. Some fiscal conservatives are unhappy with the u...
secure.ubs.com
July 2, 2025 at 7:25 AM
The UFP – Unsustainable Fiscal Position
The US Senate passed a bill to enshrine the US Unsustainable Fiscal Position into law. It is not entirely certain the House will follow.
secure.ubs.com/global/en/we...
#EconSky
The US Senate passed a bill to enshrine the US Unsustainable Fiscal Position into law. It is not entirely certain the House will follow.
secure.ubs.com/global/en/we...
#EconSky
10am today at the Valles Caldera #NewMexico
June 25, 2025 at 3:33 AM
10am today at the Valles Caldera #NewMexico
Reposted by AlxK
This should be bearish for the U.S. dollar medium- and longer-term. #EconSky www.bloomberg.com/news/article...
June 18, 2025 at 1:05 PM
This should be bearish for the U.S. dollar medium- and longer-term. #EconSky www.bloomberg.com/news/article...
Reposted by AlxK
How valuable to society are America’s companies? www.chicagobooth.edu/review/corpo... #econsky
Corporate America’s ‘Carbon Burden’ Exceeds Its Total Market Value
Chicago Booth’s Lubos Pastor explains his research on the social cost of carbon emissions by US companies.
www.chicagobooth.edu
June 16, 2025 at 5:56 PM
How valuable to society are America’s companies? www.chicagobooth.edu/review/corpo... #econsky
Reposted by AlxK
🚨 DOJ & FTC just weighed in on common ownership:
✅ Passive index investing? Protected.
✅ Shareholder advocacy? Protected.
❌ Using stakes in competitors to cut output across an industry? Not protected.
Antitrust safe harbors don't shield anticompetitive common ownership.
✅ Passive index investing? Protected.
✅ Shareholder advocacy? Protected.
❌ Using stakes in competitors to cut output across an industry? Not protected.
Antitrust safe harbors don't shield anticompetitive common ownership.
May 22, 2025 at 4:30 PM
🚨 DOJ & FTC just weighed in on common ownership:
✅ Passive index investing? Protected.
✅ Shareholder advocacy? Protected.
❌ Using stakes in competitors to cut output across an industry? Not protected.
Antitrust safe harbors don't shield anticompetitive common ownership.
✅ Passive index investing? Protected.
✅ Shareholder advocacy? Protected.
❌ Using stakes in competitors to cut output across an industry? Not protected.
Antitrust safe harbors don't shield anticompetitive common ownership.
Reposted by AlxK
Common leadership (two firms sharing executives or board directors) contributes to collusion.
Collusion probability between two firms increases by 12 percentage points after the onset of common leadership, compared to only 1.2 percent in the absence of common leaders.
www.nber.org/papers/w33866
Collusion probability between two firms increases by 12 percentage points after the onset of common leadership, compared to only 1.2 percent in the absence of common leaders.
www.nber.org/papers/w33866
Collusion through Common Leadership
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
June 3, 2025 at 1:43 AM
Common leadership (two firms sharing executives or board directors) contributes to collusion.
Collusion probability between two firms increases by 12 percentage points after the onset of common leadership, compared to only 1.2 percent in the absence of common leaders.
www.nber.org/papers/w33866
Collusion probability between two firms increases by 12 percentage points after the onset of common leadership, compared to only 1.2 percent in the absence of common leaders.
www.nber.org/papers/w33866
Reposted by AlxK
The editorial boards of seven leading health econ journals are taking a stand today against political influence and ideological attacks on peer review and academia. No matter what you study we want to see your scholarship and will NEVER collaborate with suppression. Please repost.
The Editorial Boards of leading health economics journals are issuing a Joint Statement of Principles on Editorial Independence. In these troubled times some scholars worry their work might suffer ideological attack. We reaffirm our commitment to unfettered scholarship. Please repost.
May 21, 2025 at 2:45 PM
The editorial boards of seven leading health econ journals are taking a stand today against political influence and ideological attacks on peer review and academia. No matter what you study we want to see your scholarship and will NEVER collaborate with suppression. Please repost.
All my algorithms currently:
May 22, 2025 at 4:14 AM
All my algorithms currently:
Reposted by AlxK
This graph by my colleague Tim Simcoe might be the most important one in recent US business history. It's a key reason why the DOJ won the Google adtech case.
Google's average impressions are so much greater than its nearest rivals that Google appears as a statistical outlier.
Google's average impressions are so much greater than its nearest rivals that Google appears as a statistical outlier.
May 7, 2025 at 3:07 PM
This graph by my colleague Tim Simcoe might be the most important one in recent US business history. It's a key reason why the DOJ won the Google adtech case.
Google's average impressions are so much greater than its nearest rivals that Google appears as a statistical outlier.
Google's average impressions are so much greater than its nearest rivals that Google appears as a statistical outlier.
Burn Pile somewhere outside of Eugene, Oregon
May 22, 2025 at 4:01 AM
Burn Pile somewhere outside of Eugene, Oregon