Sharat Ganapati

As a professional trade economist. I told you so.

TL/DR, nearly all firms in trade offer/receive quantity discounts. The loss of welfare with tariffs in such markets no long replicate the econ 101 graph. Huge extractions of both consumer and producer welfare occur. I show this in the 2018 mini US-China trade war.

I have great timing for the first time in my career. I have a new paper on tariffs and incidence that shows how the pricing structure of firms with market power all international markets magnifies a tariff's impacts.

As ‘Buy Canadian’ grows, more US companies say retailers turning away their products The "Buy Canadian" movement is sending new ripples of concern through the executive offices of U.S.-based consumer companies that banked on selling their products on Canadian retail shelves.

Yes, Canada is tied intrinsically to the US. But I do find it funny that it is still cheaper to ship a container to Montreal from Germany trucking it from Indiana.

I'm proud of my institution.

I wonder what happened next.

!!!!!

IT IS OFFICIAL! MY JOB MARKET PAPER IS IN PRINT!!!!

TL/DR: Superstar firms have used globalization to grow bigger, leveraging economies of scale. Their marginal costs have fallen, but little has passed through to customers as markups have risen.

www.sganapati.com/files/Ganapa...

I'm more surprised it took even 2 weeks.

I have discovered the best use for chatGPT. Converting excel tables into latex tables.

Latex table creation is a pox on society.

One benefit of not being a high-enough profile professor. I barely get any of these requests. Like serious, are people getting spammed with these requests?

One underrated point. Most of us social scientists SUCK at coding. Myself included. My code is crap. My co-authors' code is crap. Every replication I've come across has crap code.

Most of us are not qualified to check our code.

Confession. Even my mom makes fun of my coding (she writes compilers)

Wait does every economist use overleaf for everything? Without backup?

wouldn't valve following the "industry standard" of two other oligopolists be a form of collusion?

rising returns to specialization

I finally received the final proofs for my job market paper! It took 8 years from the first draft. Got a post-doc, a job, a kid, bought a house, remote taught for a year, and went up for tenure.

Also the publication process is a tad broken. The results are almost identical as the first draft.

MY FIRST (primary) PHD STUDENT JUST GOT HIS FIRST TENURE TRACK INTERVIEW REQUEST AND I'M SO PUMPED! IT IS ALSO AT A FANTASTIC INSTITUTION!

He can do it!

I'm also as excited as I was 7 years ago when this happened to me!

Some exciting announcements re #IIOC2025, May 2-4 @ Drexel in Philly. The Distinguished Fellow Award will go to Chad Syverson; he will deliver the keynote. Shane Greenstein will receive the Distinguished Service Award. There will be two plenaries.

Folks, I think I'm a bit underpaid

currently enjoying english teacher

Hi #econsky!

I'm in The Economist this week talking the complex interplay between big business, productivity, and economic performance. Essentially, monopoly is not good, but the monopolists are also the most productive firms in the economy. A world of natural monopolies.

www.economist.com/special-repo...