Deadline to apply: April 30, 2026

Details

We meet for 2 hours once a week on Wednesday at 4 pm GMT for 6 weeks starting July 8, 2026.

Week 1: You present the research paper.

Week 2: Mathematics and Theory 1

Week 3: Mathematics and Theory 2

Week 4: Coding and Problem Solving 1

Week 5: Coding and Problem Solving 2

Week 6: Present reflection on Summer Research.

Main Paper

We are going to be working on production function estimation with the goal of measuring monopsony in the labour market. Here is the paper of interest:

Monopsony in the U.S. Labor Market*

Application Evaluation questions

Question 1

In the main paper, Monopsony in the Labour Market, reproduce every equation you see in Section 2 Markdown Estimation. That is, the firm's profit maximization problem and equations (1) to (6).

Question 2

In the main paper, Monopsony in the Labour Market, reproduce all 5 assumptions in Section 2.2 Production function estimation, and also reproduce the three-step process to estimate the production function parameters (also in Section 2.2)

Question 3

What do you think is the most interesting result in the main paper, Monopsony in the Labour Market, and how does it relate to what's happening in your country?

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