3 papers
econ.EM2026
Aggregation Bias in Proxy Measurement: Nighttime Lights and Local Economic Activity
Davide Fiaschi, Angela Parenti, Cristiano Ricci
This paper studies when high-resolution signals aggregated to administrative units can recover unobserved local economic activity. We develop a reverse-regression framework for sig…
econ.TH2025
The invisible hand as an emergent property: a gradient flow approach
Giorgio Fabbri, Davide Fiaschi, Cristiano Ricci
We develop a general equilibrium model in which, at each instant, a short-run competitive equilibrium arises. Heterogeneity in factor allocation generates differential profit rates…
econ.GN2025
(In)stability in the Dynamics of the Cross-Country Distribution of Income Per Capita
Davide Fiaschi, Paul Johnson
Using a panel of 102 countries from PWT 10.0 covering 1970-2019, we examine the veracity of the assumption that a time-homogeneous, first-order process describes the evolution of t…