Ashley Langer

@alanger.bsky.social

1408 Followers 252 Following

Industrial Organization and Environmental and Energy Economics | University of Arizona and NBER ashleylanger.com

Cumulative distribution function of the probability of exit across expected profit shocks. A blue dashed line on the right indicates the profit shock cutoff with ex-post uncertainty resolution leads to high levels of exit. On either side there are red dashed lines that indicate the two profit shock cutoffs with or without certain enforcement. The figure shows that, in expectation across these two potential exit rates, expected exit is lower if uncertainty is resolved earlier.
Waterfall through a deep gorge in Ithaca, NY
Pink and green streaks in the sky above black trees
Beach with a child collecting shells and a rocky hill with a wooden stairway