Kyle Herkenhoff
@KyleHerkenhoff
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I am an associate professor at the University of Minnesota and visiting scholar at the Minneapolis Fed. I completed my PhD at UCLA. I also love sports.
US/Brazil
Joined January 2021
RT @HellerHurwicz: “When a two-firm town turns into a one-firm town because of a merger, monopsony power intensifies, wages are further dep….
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RT @tradewartracker: reposting this (as I forgot to do so back then). I learned a lot writing this paper:. 1) how household heterogeneit….
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RT @Simon_Mongey: Send us your best papers on "Macro Fluctuations with Micro Frictions"*. * need not contain fluctuations or frictions.
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RT @ProMarket_org: .@KyleHerkenhoff and @Simon_Mongey use economic modeling to show that the stricter 2023 Guidelines will improve worker w….
promarket.org
Stricter merger policy guidelines will increase competition, leading to higher wages and welfare for workers, writes Kyle Herkenhoff and Simon Mongey. The authors use economic modeling to show that...
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RT @Simon_Mongey: 1/5: Expecting a child is great for spamming out NBER Working Papers. This week its a short theory paper that shows clean….
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RT @HellerHurwicz: Commercial YIMBY-ism? @KyleHerkenhoff's research on commercial zoning suggests less regulation -> more mixed-use buildin….
bloomberg.com
Deregulation of commercial real estate would lead to more mixed-use neighborhoods and more wealth — and taller buildings, too.
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RT @HellerHurwicz: Congratulations to our very own @M_De_Nardi for being elected an @econometricsoc fellow! We are so proud to have her amo….
cla.umn.edu
Congratulations to Mariacristina De Nardi for being elected a Fellow of the Econometric Society. This is an extremely prestigious honor and she is among the only 12 economists working in the United...
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RT @and_joy_: 1/16: Ever wonder how flexible incentive pay (bonuses, commissions, etc.) affects unemployment dynamics during business cycle….
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RT @EconChrisClarke: Returning housing zoning regulations back to 1980 levels could increase the productivity growth rates to near 1960's &….
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RT @and_joy_: How to fund unemployment insurance with informality and false claims?. New paper with @KyleHerkenhoff, Abdoulaye Cisse (berke….
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RT @voxeu: In Norway, workers in monopsonies are paid 21% less than the competitive wage. 1/2 due to time-consuming job searches, 1/3 from….
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RT @HellerHurwicz: This week on Office Hours: What's the difference between a monopoly and monopsony? Hear @KyleHerkenhoff answer this ques….
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RT @BeckerFriedman: New paper "An Anatomy of Monopsony: Search Frictions, Amenities and Bargaining in Concentrated Markets" from @UChi_Econ….
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RT @BeckerFriedman: New paper, "Merger Guidelines for the Labor Market" from @UChi_Economics' @Simon_Mongey, @UChicagoLaw's Eric Posner, @T….
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RT @HellerHurwicz: Our first two episodes feature VV Chari on the role of economists in today's world and Anusha Nath on the minimum wage.….
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RT @HellerHurwicz: Today is the day! We are delighted to launch our new podcast, Heller-Hurwicz Office Hours. Each episode will feature hos….
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Why do labor markets need stronger merger guidelines than product markets? It is arguably more costly for workers to change jobs.than switch products. See monopsony lit @tlamadon @ClaudiaMacaluso @MichRubens complementing.@chrisedmond @virgiliu79 @DanielYiXu on product markups.
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DOJ/FTC mostly ignored effects of mergers on workers as out-of-market-effects. That changed when Penguin/SS merger was blocked on these grounds. However agencies simply applied 2010 product guidelines to the labor market. They can do better going back to stricter 1982 guidelines.
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In establishing that the 1982 merger guidelines inflict less harm on workers than 2010 guidelines,.our merger model builds on theory by @volker_nocke and Michael Whinston as well as important empirical work David Arnold, Elena Prager and Matthew Schmitt.
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