Michael Ostrovsky
@mostrovsky.bsky.social
Professor of Economics at Stanford GSB
Here is the only tip you need. You are welcome.
February 8, 2025 at 8:04 PM
Here is the only tip you need. You are welcome.
You can remove "during the impending collapse of the federal government/American society" from your statement.
February 8, 2025 at 6:56 AM
You can remove "during the impending collapse of the federal government/American society" from your statement.
Hasn’t Mirrlees already written this paper? Zero marginal tax rate at the top?
February 4, 2025 at 6:07 AM
Hasn’t Mirrlees already written this paper? Zero marginal tax rate at the top?
Looking forward to reading it when you’re done!
February 2, 2025 at 9:05 PM
Looking forward to reading it when you’re done!
"You suddenly knock out a random set of the relationships (contracts) and nodes (companies) in a large and very complex network."
Ooooh, exogenous random shock!
Ooooh, exogenous random shock!
February 2, 2025 at 7:43 PM
"You suddenly knock out a random set of the relationships (contracts) and nodes (companies) in a large and very complex network."
Ooooh, exogenous random shock!
Ooooh, exogenous random shock!
Slides for the earliest of these papers are available at web.stanford.edu/~ost/papers/...
February 2, 2025 at 7:25 PM
Slides for the earliest of these papers are available at web.stanford.edu/~ost/papers/...
Two earlier, purely theoretical papers on the topic:
web.stanford.edu/~ost/papers/...
web.stanford.edu/~ost/papers/...
web.stanford.edu/~ost/papers/...
web.stanford.edu/~ost/papers/...
February 2, 2025 at 7:23 PM
Two earlier, purely theoretical papers on the topic:
web.stanford.edu/~ost/papers/...
web.stanford.edu/~ost/papers/...
web.stanford.edu/~ost/papers/...
web.stanford.edu/~ost/papers/...
Shameless self-promotion: I think congestion pricing is one of the most exciting and promising topics in the near future in the area of "Engineering Societal Systems". My most recent paper on the topic is here: web.stanford.edu/~ost/papers/..., see also this thread: bsky.app/profile/most....
One would normally want to wait longer to evaluate the effects of major policy changes, but the results of the first three days of #CongestionPricing in New York City are so striking that it is already possible to make some (at least preliminary) conclusions.
February 2, 2025 at 7:23 PM
Shameless self-promotion: I think congestion pricing is one of the most exciting and promising topics in the near future in the area of "Engineering Societal Systems". My most recent paper on the topic is here: web.stanford.edu/~ost/papers/..., see also this thread: bsky.app/profile/most....
And how do ChatGPT/Claude do on your exams? That’s the real challenge if you do take-home exams or let students use computers.
January 25, 2025 at 3:25 AM
And how do ChatGPT/Claude do on your exams? That’s the real challenge if you do take-home exams or let students use computers.
A whole bunch here: www.nber.org/conferences/...
Market Design Working Group Meeting, Fall 2024
www.nber.org
January 16, 2025 at 3:25 PM
A whole bunch here: www.nber.org/conferences/...
Prices are great and should be left alone
January 15, 2025 at 3:26 AM
Prices are great and should be left alone
(If the evidence for those CA specs is so compelling, how come our neighbors don’t adopt them?)
January 15, 2025 at 3:20 AM
(If the evidence for those CA specs is so compelling, how come our neighbors don’t adopt them?)
Cost-benefit - I admit I don’t know much about this particular case, but if it’s good enough for the remaining 49 states, it should be fine for CA too. There is a clear, massive distortion in the market - let’s eliminate it unless the evidence for it is mega-compelling. Which I suspect it isn’t.
January 15, 2025 at 3:19 AM
Cost-benefit - I admit I don’t know much about this particular case, but if it’s good enough for the remaining 49 states, it should be fine for CA too. There is a clear, massive distortion in the market - let’s eliminate it unless the evidence for it is mega-compelling. Which I suspect it isn’t.
I do think there must be a competition problem, but it is only there because of those extra specs which make the market much more restricted and thus easier to “coordinate” prices. More potential (or actual) entry would solve it.
January 15, 2025 at 3:19 AM
I do think there must be a competition problem, but it is only there because of those extra specs which make the market much more restricted and thus easier to “coordinate” prices. More potential (or actual) entry would solve it.
Remove those CA clean-air specs. Have the same requirements as the neighbors. Obvious first step.
January 15, 2025 at 3:05 AM
Remove those CA clean-air specs. Have the same requirements as the neighbors. Obvious first step.
Easy fix - allow gasoline from Nevada and Oregon. Totally an own goal by CA.
January 12, 2025 at 12:20 AM
Easy fix - allow gasoline from Nevada and Oregon. Totally an own goal by CA.
If Bill Gates was born in the Soviet Union, he would have probably ended up as a successful research mathematician or physicist.
January 9, 2025 at 9:29 PM
If Bill Gates was born in the Soviet Union, he would have probably ended up as a successful research mathematician or physicist.
This rings true to me. One of the reasons why the Soviet Union was so strong in math and physics is that super-talented people in those areas didn't have nearly as many outside options to apply their talents as did comparably talented people in the United States.
January 9, 2025 at 9:29 PM
This rings true to me. One of the reasons why the Soviet Union was so strong in math and physics is that super-talented people in those areas didn't have nearly as many outside options to apply their talents as did comparably talented people in the United States.
It is addressing *some* congestion (bridges and tunnels), which is not nothing. But there is more congestion to address, by charging appropriate tolls to taxis, FHVs, and delivery vehicles.
January 8, 2025 at 6:50 PM
It is addressing *some* congestion (bridges and tunnels), which is not nothing. But there is more congestion to address, by charging appropriate tolls to taxis, FHVs, and delivery vehicles.