Florian Ederer
Austrian 🇦🇹
Economist 📈
Not an Austrian Economist
Allen & Kelli Questrom Professor
BU Questrom, NBER, ECGI & NBER
florianederer.github.io
- A new study with almost 300 Chinese student subjects replicated the main findings of our Management Science paper (Ederer & Manso 2013) that short-term pay-for-performance and lack of tolerance for early failure inhibit innovation. So happy to see this experiment still making waves!
- The Journal of Economic Literature has a book review of @aedmans.bsky.social's excellent book "May Contain Lies" ... ... but I'm ever so slightly disappointed that it does not discuss the most important part of the book. 😂
- One last research lunch with my amazing PhD student @asil_aslihan before she's off to her new job as law professor at @DukeLaw! Advising her was an immense privilege because her work brilliantly combines industrial organization, antitrust, and legal scholarship.
- 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.
- This is an incredibly important paper. If you're an antitrust scholar and you're getting paid hundreds of thousands of dollars by a dominant monopolist as expert witness in a lawsuit that's in your research area, shouldn't you disclose that work on your CV? www.nber.org/papers/w3364...
- The DOJ is pushing for a breakup of Google's adtech business, specifically calling for the separation of AdX, Google’s ad exchange platform. The process would be managed by a divestiture trustee, with the government retaining the authority to approve or reject any proposed buyer.
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- I also got a plaque on Wednesday. #twoforone
- Pharmacy chains like CVS are putting national-brand products behind plexiglass and are leaving the cheaper CVS-branded versions out in the open, right next to them. Is this just a shrinkage deterrent or a clever nudge to boost high-margin house brands?
- Back at it
- I'm delighted to receive the BU Questrom 2025 MBA Core Faculty Award ... ... all thanks to my amazing TA Nicole Zeller who was also honored in today's ceremony.
- Jon Levin, the current Stanford President, was an advisee of Paul Klemperer at Nuffield College. Mark Carney, the current and likely future Prime Minister of Canada, was an advisee of Meg Meyer at Nuffield College. Meg and Paul are my favorite economics power couple.
- There already exists a published paper!
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- Does an NBER paper released in a week in which there are fewer other NBER working papers have better outcomes (e.g., more downloads, more citations, ...)? @paulgp.com
- Temporary tariffs cause a recession. www.nber.org/papers/w33726
- Education widens the financial literacy gap between men and women. Women's financial literacy plateaus after college — men's keeps rising. drive.google.com/file/d/1Uh5V...
- Common ownership harms welfare ... even with free entry. www.aeaweb.org/articles?id=...
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- Jeffrey Pfeffer: "Similarity as a basis for interpersonal judgment applies in many contexts, not just academia. Watch out if you seem ‘different.'" poetsandquants.com/2025/04/25/a...
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- Pornhub's removal of all non-verified content led to a 41% drop in traffic within 1 month. Much of the displaced traffic was absorbed by competing platforms, including less regulated fringe websites (+55% visits) and mainstream competitors (+10%). papers.ssrn.com/sol3/papers....
- Instagram leads to depression and anxiety for women under 25. www.nber.org/papers/w33697
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- Who benefits from trade wars? Government-linked firms.
- Congratulations to all the winners, especially to Zach Brown & @amackay.bsky.social for their work on algorithmic pricing.
- This is a tremendous victory for the DOJ Antitrust division and also for the fantastic economists who worked as expert witnesses for the DOJ, including Robin Lee and my colleague and co-author Tim Simcoe.
- Google just lost the big adtech monopoly case -- safe to say the entire web economy changes after this. And probably Google, forever. www.theverge.com/news/650665/...
- Just for the record: In my opinion, Facebook/Meta's acquisitions of Instagram and WhatsApp were not "killer acquisitions" in the narrow (and correct) sense of the term because the targets' products survived. They were still very anti-competitive acquisitions. www.bloomberg.com/news/article...
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- The US spends billions every year on the WOTC. What does it do? NOTHING. "We find null effects on hiring, employment, and earnings across all specifications. Employers hire the same workers as in the absence of subsidies, and subsidies operate as a pure transfer to the firms."
- "If China wants to sell us things at really low prices and the transaction is we get solar collectors or we get batteries that we can put in electric cars and we send them pieces of paper that we print. Do you think that's a good deal for us or a bad deal for us?" x.com/RnaudBertran...
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- The release of a working paper by Heather Sarsons in 2015 led junior female economists to reduce the number of working papers co-authored exclusively with men. The decrease in male co-authorships was not offset and led to a net decrease in working papers and publications.
- People are willing to forgo 15-30% of their wage to avoid hostile work environments. Women report a stronger distaste for exclusive workplaces and environments with sexual harassment and value hybrid work twice as much in the presence of sexual harassment. Collis & @clemvaneff.bsky.social
- I took a walk on the beautiful USC campus and immediately ran into #EconTwitter legend @emilynix100.bsky.social.
- A real pleasure to meet up with my favorite faculty mentor Steve Lippman
- Masculinity just took a big hit.
- Avelo's justification for running deportation flights is even worse than I thought: "We’re in competition with Breeze! We better start doing deportation flights."
- “We realize this is a sensitive and complicated topic..." www.12news.com/article/news...
- Nevermind I'm all in on tariffs now.
- Middle Tech and Little Tech probably don't expect much support from U.S. antitrust agencies over the next four years. www.politico.com/newsletters/...
- This is a dream for trade economists.
- The Red Bull pit stop crew is up to no good.
- Econometrica just announced a new discussion board where any member of the Econometric Society can submit a short comment on a paper.
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- Self-preferencing comes to retail investing. finance.yahoo.com/news/fidelit...
- Green common ownership drives Net Zero commitments and decarbonization investments. www.nber.org/papers/w33335
- I am delighted to announce that my student Aslihan Asil will join Duke Law School this summer. Asli has several terrific papers at the intersection of law and economics and her job market paper is a timely analysis of the pro-competitive effects of the Robinson-Patman Act. www.aslihanasil.com
- New favorite shirt
