How is this in AER?
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Cambridge connection. Ma has networked with Shleifer since college and received big help. The latter is kerupt and given too much power. The descriptives are interesting, but no way this is in AER.
What do we learn? AER is not as good as it is used to be. So we shall stop bean counting and read the papers. Don’t give the favor and respect to those who do not deserve either.
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Take a look at the Nobel laureates in natural science and their institutions. Ever imagine that happening in economics?
It's not a natural vs. social science distinction. It's just especially bad in economics. Look at the affiliations of AER vs APSR in polisci:
https://www.aeaweb.org/journals/aer/about-aer/editors
https://www.cambridge.org/core/journals/american-political-science-review -
It documents an interesting fact and will probably have hundreds of citations from papers trying to understand the increase in firm concentration. It obviously wouldn’t have gotten into AER if a random LRM like me had written it, but it does seem more interesting than the average top 5 paper.
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This is really insane. 1. It's just some simple descriptive stats, and 2. it's not even true. concentration was high around 1900, lower in the middle of the century, then started rising in the 1980s again.
i am really amazed this is an AER, even given the nepotism or mafia or whatever.
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This is really insane. 1. It's just some simple descriptive stats, and 2. it's not even true. concentration was high around 1900, lower in the middle of the century, then started rising in the 1980s again.
i am really amazed this is an AER, even given the nepotism or mafia or whatever.This, everybody learns of robber barons, the concentration story falls apart, what railroad companies should be the tech industry then