@jschneebacher.bsky.social
Economist at the UK Competition and Markets Authority. Interested in firms, productivity, markets, management and growth. Previously at ONS, Nuffield College Oxford. All views my own.
Interested in productivity, business dynamism and market power? Come to this year's CMA-Durham workshop on 20-21 November!
We open with a keynote by Jonathan Haskel (Imperial), followed by two days worth of sessions on technology diffusion, market frictions,market power and more.
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The programme is now out and includes ESCoE's @joshmartinecon.bsky.social and @yannisgalanakis.bsky.social, with a keynote from @imperialcollegeldn.bsky.social's Jonathan Haskel: tinyurl.com/7st5fv73
@jschneebacher.bsky.social @durham.ac.uk
Attendance is free and open to all, but registration at the link above is required.
Preliminary programme here:
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Interested in productivity, business dynamism and market power? Come to this year's CMA-Durham workshop on 20-21 November!
We open with a keynote by Jonathan Haskel (Imperial), followed by two days worth of sessions on technology diffusion, market frictions,market power and more.
1/2
We're looking for outstanding applicants to join the IFS for our 2026 intake of Research Economists.
➡️ Find out more and apply here by 11pm, Sunday 26 October: app.beapplied.com/apply/tgjfew...
➡️ Those on the PhD job market can apply here: econjobmarket.org/organization...
Let me flag up this paper that serves as a good example of how or where the AIPNET can potentially be playing an important role going forward around climate action. Let me first summarize the paper, highlight consistency with EU approach before going into broader issues...
30.09.2025 11:43 — 👍 2 🔁 1 💬 1 📌 0Best of luck, Mike! And congrats on the new job.
26.09.2025 19:24 — 👍 1 🔁 0 💬 0 📌 0
New research by Pierre Azoulay, Danielle Li, Bhaven Sampat and me.
Earlier this year, the President’s budget proposed a 40% cut to the budget of the NIH. This motivated us to ask: what if the NIH had been 40% smaller?
It looks like he didn't share it on Bluesky, so I will. @afinetheorem.bsky.social has written an excellent review article covering 7 recent books on the economics of AI that serves as an excellent overview of this topic. Highly recommended!
kevinbryanecon.com/BryanAIBookR...
📢 Conference announcement!
Paolo Surico and I are excited to be organizing this @cepr.org conference on Public Policies for Innovation.
If you work in the #Economics of #Innovation and #InnovationPolicy, please submit + spread the word. Non-presenting attendees also invited.
Deadline in two days!
23.09.2025 12:01 — 👍 1 🔁 2 💬 0 📌 0
Very happy to see two of my papers cited in the recent CMA report on "Investment and competition over the business lifecycle."
The report provides an excellent overview of the literature. Thanks to @jschneebacher.bsky.social and coauthors for preparing it!
One week left to submit a paper!
17.09.2025 17:48 — 👍 2 🔁 0 💬 0 📌 0
Common Ownership and Employee Earnings * José Azar Xin Dai Yue Qiu Aaron Sojourner September 15, 2025 Abstract Using administrative data in the manufacturing sector from the U.S. Census Bureau, this paper provides the first evidence on the effect of common ownership on employee earnings. Using firms’ additions to the S&P 500 index as a shock to their local competitors’ common ownership, we find that, after a same-industry competitor enters the S&P 500 index, the average employee earnings of S&P 500 incumbents in the same local labor market decrease. Additionally, these firms’ employment increases. These findings are inconsistent with the canonical oligopsony models but our generalized model of oligopsony incorporating a recruitment intensity margin can rationalize them
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....
Call for papers for our economics workshop: cma-partnership.webspace.durham.ac.uk/2025/08/29/2...
Please submit before 25th September if you work on:
- UK productivity slowdown
- Aggregate market power
- Business dynamism
- Industrial policy
- Supply chains
- Determinants of innovation and R&D
🚨NEW RESULTS (w/ Slattery & Nober)
- When gov't engineers retire, highway projects cost more: the engineers pay for themselves 6 times over
- Improving gov’t engineer quality from the 25th to 75th percentile reduces costs by 14%, equal to 3x avg. engineer pay
Paper: papers.ssrn.com/sol3/papers....
How does competition influence investment?
The CMA has just published our new Microeconomics Unit lit review (joint work with my fantastic colleagues Amanda Ereyi and @joelkariel.bsky.social).
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We use the lens of a firm's typical lifecycle to ask how competition in the relevant input and output markets shapes investment incentives and constraints at each stage.
We think this allows us to make sense of sometimes conflicting results, and identify remaining evidence gaps.
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#econsky
How does competition influence investment?
The CMA has just published our new Microeconomics Unit lit review (joint work with my fantastic colleagues Amanda Ereyi and @joelkariel.bsky.social).
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Photo shows a view of Durham, including the cathedral
📢 Call for papers!
Join the 4th CMA- @durham-university.bsky.social workshop on productivity, business dynamism & market power.
📍 Durham University
📅 20–21 Nov 2025
🗓️ Submit by 25 Sept: tinyurl.com/ybsmsvdv
📢Nina Roussille and I are hiring a full-time predoctoral researcher to work with us at MIT on labor economics research projects.
IMPORTANT: this vacancy is open right now, so we are particularly interested in people who could start soon.
Link to apply: careers.peopleclick.com/careerscp/cl...
The call for papers for the annual CMA-Durham workshop on market power, dynamism and productivity is out!
This year we are particularly interested in submissions on industrial policy, market power in supply chains, and the economics of start-ups and scale-ups.
Submit by 25 September.
Today, I am excited to release a paper that has been five years in the making, titled “Endogenous Firm Ownership in General Equilibrium.” I think it is the best thing I have done. www.nber.org/papers/w34187
01.09.2025 12:11 — 👍 8 🔁 5 💬 1 📌 0Some news: I will be spending this entire 2025-26 academic year located in Paris, visiting the local universities and participating in the research community here.
If you work in Paris or are just passing though in the next year, please reach out, I'd be happy to meet up! PhD students especially!
I went to this fantastic conference last year and had a blast. I highly encourage everyone to submit their work!
29.08.2025 20:09 — 👍 3 🔁 1 💬 0 📌 0The call for papers for the annual CMA-Durham workshop on market power, dynamism and productivity is out!
This year we are particularly interested in submissions on industrial policy, market power in supply chains, and the economics of start-ups and scale-ups.
Submit by 25 September.
Using 16 million resumes to measure public firms' corporate structures finds that more hierarchical firms are more profitable and stable, with higher costs and lower patent quality, from Michael Ewens and Xavier Giroud https://www.nber.org/papers/w34162
28.08.2025 13:38 — 👍 16 🔁 4 💬 0 📌 1
Incredibly excited for my brand new class at Rotman this fall: Progress! Econ history + theory + history of thought + philosophy on why rare orgs at rare times in rare places accomplish new things. Trying to put rigor onto an idea that is very much in the air. kevinbryanecon.com/Bryan-Progre... 1/3
25.08.2025 17:43 — 👍 17 🔁 4 💬 1 📌 0
“Let me make what appears to have become a radical argument: Simple economics is surprisingly good at making real-world predictions.”
trying to break the mold with a defense of economics
www.wsj.com/opinion/you-...
You may be wondering WTF is a "Babbage Firm" www.nber.org/papers/w34145
A thread
