Florian Ederer
@florianederer.bsky.social
Austrian 🇦🇹
Economist 📈
Not an Austrian Economist
Allen & Kelli Questrom Professor
BU Questrom, NBER, ECGI & NBER
https://florianederer.github.io/
Economist 📈
Not an Austrian Economist
Allen & Kelli Questrom Professor
BU Questrom, NBER, ECGI & NBER
https://florianederer.github.io/
2021: Meta acquires Within and its wildly successful VR app Supernatural for $400 million.
2022: FTC seeks to block Meta/Within acquisition.
2026: Meta lays off employees and announces that there will be no more content for Supernatural.
2022: FTC seeks to block Meta/Within acquisition.
2026: Meta lays off employees and announces that there will be no more content for Supernatural.
January 16, 2026 at 6:57 PM
2021: Meta acquires Within and its wildly successful VR app Supernatural for $400 million.
2022: FTC seeks to block Meta/Within acquisition.
2026: Meta lays off employees and announces that there will be no more content for Supernatural.
2022: FTC seeks to block Meta/Within acquisition.
2026: Meta lays off employees and announces that there will be no more content for Supernatural.
Very sad to hear of the passing of John Kagel.
He was a foundational figure in behavioral and experimental economics and his research reshaped how economists think about strategic interaction and social preferences. His teaching and mentorship influenced generations of students.
He was a foundational figure in behavioral and experimental economics and his research reshaped how economists think about strategic interaction and social preferences. His teaching and mentorship influenced generations of students.
January 7, 2026 at 2:15 AM
Very sad to hear of the passing of John Kagel.
He was a foundational figure in behavioral and experimental economics and his research reshaped how economists think about strategic interaction and social preferences. His teaching and mentorship influenced generations of students.
He was a foundational figure in behavioral and experimental economics and his research reshaped how economists think about strategic interaction and social preferences. His teaching and mentorship influenced generations of students.
1) Gino committed repeated research fraud (138 papers!).
2) Several influential and wealthy people (Lessig, Ackman, P&Q) continue to support her.
3) Harvard changed its review procedures.
4) Gino will likely get a settlement because of 3) ... which has nothing to do with 1).
2) Several influential and wealthy people (Lessig, Ackman, P&Q) continue to support her.
3) Harvard changed its review procedures.
4) Gino will likely get a settlement because of 3) ... which has nothing to do with 1).
January 4, 2026 at 11:29 AM
1) Gino committed repeated research fraud (138 papers!).
2) Several influential and wealthy people (Lessig, Ackman, P&Q) continue to support her.
3) Harvard changed its review procedures.
4) Gino will likely get a settlement because of 3) ... which has nothing to do with 1).
2) Several influential and wealthy people (Lessig, Ackman, P&Q) continue to support her.
3) Harvard changed its review procedures.
4) Gino will likely get a settlement because of 3) ... which has nothing to do with 1).
A quarter million views and 1,300+ likes!
Surely everybody wants to see this amazing paper (and my discussion 😂) tomorrow.
Philadelphia Marriott
Room 309
Sunday, January 4, 2:30pm
Surely everybody wants to see this amazing paper (and my discussion 😂) tomorrow.
Philadelphia Marriott
Room 309
Sunday, January 4, 2:30pm
January 3, 2026 at 8:55 PM
A quarter million views and 1,300+ likes!
Surely everybody wants to see this amazing paper (and my discussion 😂) tomorrow.
Philadelphia Marriott
Room 309
Sunday, January 4, 2:30pm
Surely everybody wants to see this amazing paper (and my discussion 😂) tomorrow.
Philadelphia Marriott
Room 309
Sunday, January 4, 2:30pm
Over on Twitter/X, Bill Ackman (of Harvard/Claudine Gay/plagiarism/tennis debacle fame) has written another 3,000+ word post.
He believes that Francesca Gino's RAs faked her data. And, plot twist, he's been funding Gino's legal battle against Harvard since 2024.
x.com/i/status/200...
He believes that Francesca Gino's RAs faked her data. And, plot twist, he's been funding Gino's legal battle against Harvard since 2024.
x.com/i/status/200...
January 2, 2026 at 7:00 PM
Over on Twitter/X, Bill Ackman (of Harvard/Claudine Gay/plagiarism/tennis debacle fame) has written another 3,000+ word post.
He believes that Francesca Gino's RAs faked her data. And, plot twist, he's been funding Gino's legal battle against Harvard since 2024.
x.com/i/status/200...
He believes that Francesca Gino's RAs faked her data. And, plot twist, he's been funding Gino's legal battle against Harvard since 2024.
x.com/i/status/200...
Message from NBER President Jim Poterba
December 10, 2025 at 10:23 PM
Message from NBER President Jim Poterba
The brilliant Kate Ho has passed away.
She was an amazing economist and a genuinely kind human being. Her work shaped how we think about healthcare markets and her generosity touched everyone lucky enough to know her.
The profession and the world are poorer without her.
She was an amazing economist and a genuinely kind human being. Her work shaped how we think about healthcare markets and her generosity touched everyone lucky enough to know her.
The profession and the world are poorer without her.
December 10, 2025 at 5:36 PM
The brilliant Kate Ho has passed away.
She was an amazing economist and a genuinely kind human being. Her work shaped how we think about healthcare markets and her generosity touched everyone lucky enough to know her.
The profession and the world are poorer without her.
She was an amazing economist and a genuinely kind human being. Her work shaped how we think about healthcare markets and her generosity touched everyone lucky enough to know her.
The profession and the world are poorer without her.
In Sweden, corporate acquisitions lead to persistent earnings losses for workers.
Wages fall, some workers are displaced, and the gains largely go to acquiring CEOs and shareholders.
Employment and revenue stay flat. Profit rises because value is extracted from workers.
Wages fall, some workers are displaced, and the gains largely go to acquiring CEOs and shareholders.
Employment and revenue stay flat. Profit rises because value is extracted from workers.
December 9, 2025 at 6:20 PM
In Sweden, corporate acquisitions lead to persistent earnings losses for workers.
Wages fall, some workers are displaced, and the gains largely go to acquiring CEOs and shareholders.
Employment and revenue stay flat. Profit rises because value is extracted from workers.
Wages fall, some workers are displaced, and the gains largely go to acquiring CEOs and shareholders.
Employment and revenue stay flat. Profit rises because value is extracted from workers.
Amazing things happening on X
December 7, 2025 at 4:21 PM
Amazing things happening on X
December 2, 2025 at 5:56 PM
Not deadwood ... yet
December 1, 2025 at 2:01 AM
Not deadwood ... yet
From Politico in July 2020:
www.politico.com/news/2020/07...
www.politico.com/news/2020/07...
November 18, 2025 at 12:40 PM
From Politico in July 2020:
www.politico.com/news/2020/07...
www.politico.com/news/2020/07...
IO is so cooked.
November 14, 2025 at 2:12 AM
IO is so cooked.
I updated the Larry Summers dual-axis inflation graph.
November 14, 2025 at 1:58 AM
I updated the Larry Summers dual-axis inflation graph.
As close to perfect as a videogame can get.
November 13, 2025 at 3:49 AM
As close to perfect as a videogame can get.
Coupling this, fertility that.
Why don't you academics actually do something about it?!? 😂
Why don't you academics actually do something about it?!? 😂
November 9, 2025 at 1:43 PM
Coupling this, fertility that.
Why don't you academics actually do something about it?!? 😂
Why don't you academics actually do something about it?!? 😂
Hades II is amazing. There are nods to both Lattimore's and Wilson's Odyssey translations.
Lattimore: “Tell me, Muse, of the man of many ways…”
Wilson: “Tell me about a complicated man…”
Hades II: “Some know him as the man of many ways; certainly he is a complicated one.”
Lattimore: “Tell me, Muse, of the man of many ways…”
Wilson: “Tell me about a complicated man…”
Hades II: “Some know him as the man of many ways; certainly he is a complicated one.”
November 4, 2025 at 11:08 PM
Hades II is amazing. There are nods to both Lattimore's and Wilson's Odyssey translations.
Lattimore: “Tell me, Muse, of the man of many ways…”
Wilson: “Tell me about a complicated man…”
Hades II: “Some know him as the man of many ways; certainly he is a complicated one.”
Lattimore: “Tell me, Muse, of the man of many ways…”
Wilson: “Tell me about a complicated man…”
Hades II: “Some know him as the man of many ways; certainly he is a complicated one.”
In 1983, households aged 75+ were 5% richer than the average. In 2022, they were 55% richer.
Meanwhile, under-35 households went from 21% of average wealth to just 16%.
America’s wealth is aging way faster than its population.
www.nber.org/digest/20251...
Meanwhile, under-35 households went from 21% of average wealth to just 16%.
America’s wealth is aging way faster than its population.
www.nber.org/digest/20251...
November 4, 2025 at 3:58 PM
In 1983, households aged 75+ were 5% richer than the average. In 2022, they were 55% richer.
Meanwhile, under-35 households went from 21% of average wealth to just 16%.
America’s wealth is aging way faster than its population.
www.nber.org/digest/20251...
Meanwhile, under-35 households went from 21% of average wealth to just 16%.
America’s wealth is aging way faster than its population.
www.nber.org/digest/20251...
BU Questrom is launching a new PhD Program in Business Economics focused on how markets and firms interact with public policy.
Graduates will be ready for research and teaching roles in both business schools and econ departments.
Graduates will be ready for research and teaching roles in both business schools and econ departments.
October 24, 2025 at 2:15 PM
BU Questrom is launching a new PhD Program in Business Economics focused on how markets and firms interact with public policy.
Graduates will be ready for research and teaching roles in both business schools and econ departments.
Graduates will be ready for research and teaching roles in both business schools and econ departments.
Firms began taking longer to complete trials and waited to start new ones, especially when competitors’ results were about to be released.
They also reduced the number of trial sites by about half, becoming more cautious as other firms' data became public.
They also reduced the number of trial sites by about half, becoming more cautious as other firms' data became public.
October 16, 2025 at 11:36 AM
Firms began taking longer to complete trials and waited to start new ones, especially when competitors’ results were about to be released.
They also reduced the number of trial sites by about half, becoming more cautious as other firms' data became public.
They also reduced the number of trial sites by about half, becoming more cautious as other firms' data became public.
Transparency helps innovation ... until it doesn't.
My new paper with Cunningham, Hodgson, and Wang (on the JM!) studies the 2017 FDA Final Rule, which required drug firms to publicly disclose all clinical trial results.
Disclosure increased, but innovation slowed.
cowles.yale.edu/sites/defaul...
My new paper with Cunningham, Hodgson, and Wang (on the JM!) studies the 2017 FDA Final Rule, which required drug firms to publicly disclose all clinical trial results.
Disclosure increased, but innovation slowed.
cowles.yale.edu/sites/defaul...
October 16, 2025 at 11:36 AM
Transparency helps innovation ... until it doesn't.
My new paper with Cunningham, Hodgson, and Wang (on the JM!) studies the 2017 FDA Final Rule, which required drug firms to publicly disclose all clinical trial results.
Disclosure increased, but innovation slowed.
cowles.yale.edu/sites/defaul...
My new paper with Cunningham, Hodgson, and Wang (on the JM!) studies the 2017 FDA Final Rule, which required drug firms to publicly disclose all clinical trial results.
Disclosure increased, but innovation slowed.
cowles.yale.edu/sites/defaul...
Do incumbents buy startups to scale innovation or to stifle it?
New research covering 60 countries finds that acquired startups were highly innovative before their acquisition, but their patenting drops sharply afterward, while acquirers' innovation doesn't rise.
www.oecd.org/en/publicati...
New research covering 60 countries finds that acquired startups were highly innovative before their acquisition, but their patenting drops sharply afterward, while acquirers' innovation doesn't rise.
www.oecd.org/en/publicati...
October 14, 2025 at 4:48 PM
Do incumbents buy startups to scale innovation or to stifle it?
New research covering 60 countries finds that acquired startups were highly innovative before their acquisition, but their patenting drops sharply afterward, while acquirers' innovation doesn't rise.
www.oecd.org/en/publicati...
New research covering 60 countries finds that acquired startups were highly innovative before their acquisition, but their patenting drops sharply afterward, while acquirers' innovation doesn't rise.
www.oecd.org/en/publicati...
Private credit has exploded. But why?
It's not just replacing banks. It's also private equity's new frontier:
BDCs now blend debt and equity, offer PE-like returns with less risk, and cater to a growing base of retail investors.
melaniewallskog.github.io/files/robins...
It's not just replacing banks. It's also private equity's new frontier:
BDCs now blend debt and equity, offer PE-like returns with less risk, and cater to a growing base of retail investors.
melaniewallskog.github.io/files/robins...
October 14, 2025 at 4:32 PM
Private credit has exploded. But why?
It's not just replacing banks. It's also private equity's new frontier:
BDCs now blend debt and equity, offer PE-like returns with less risk, and cater to a growing base of retail investors.
melaniewallskog.github.io/files/robins...
It's not just replacing banks. It's also private equity's new frontier:
BDCs now blend debt and equity, offer PE-like returns with less risk, and cater to a growing base of retail investors.
melaniewallskog.github.io/files/robins...
Richly deserved prize for Aghion ...
... but I am equally interested in the paintings and the designer chair in the background.
Top and bottom left look like late Cubist (Bracque, Gris, Picasso). Far right looks like a Miro. No idea about the chair.
... but I am equally interested in the paintings and the designer chair in the background.
Top and bottom left look like late Cubist (Bracque, Gris, Picasso). Far right looks like a Miro. No idea about the chair.
October 13, 2025 at 3:11 PM
Richly deserved prize for Aghion ...
... but I am equally interested in the paintings and the designer chair in the background.
Top and bottom left look like late Cubist (Bracque, Gris, Picasso). Far right looks like a Miro. No idea about the chair.
... but I am equally interested in the paintings and the designer chair in the background.
Top and bottom left look like late Cubist (Bracque, Gris, Picasso). Far right looks like a Miro. No idea about the chair.
Dating your boss comes with risks and rewards.
New research from Finland shows subordinatesä earnings rise 6% after starting a relationship with their manager but fall 18% after a breakup.
Unsurprisingly, it also hurts team morale and retention.
www.nber.org/papers/w34346
New research from Finland shows subordinatesä earnings rise 6% after starting a relationship with their manager but fall 18% after a breakup.
Unsurprisingly, it also hurts team morale and retention.
www.nber.org/papers/w34346
October 13, 2025 at 2:23 PM
Dating your boss comes with risks and rewards.
New research from Finland shows subordinatesä earnings rise 6% after starting a relationship with their manager but fall 18% after a breakup.
Unsurprisingly, it also hurts team morale and retention.
www.nber.org/papers/w34346
New research from Finland shows subordinatesä earnings rise 6% after starting a relationship with their manager but fall 18% after a breakup.
Unsurprisingly, it also hurts team morale and retention.
www.nber.org/papers/w34346