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Dominic Smith

@dominicsmith.bsky.social
935 followers 388 following 17 posts

Economist. Retail sector and inflation. Current and Past Affiliations BLS, University of Minnesota, Collegio Carlo Alberto, and CWRU. Enjoy cooking and cycling. He/Him Dominic-smith.com

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Reposted by Dominic Smith
Aaron Sojourner @aaronsojourner.org · 23h
Low-skill capitalists don't want you to know this one neat trick www.promarket.org/2026/09/14/w...
promarket.org
Wealth Taxes Can Make Capital Markets More Efficient - ProMarket
Wealth taxes can make capital markets more efficient when they are optimally combined with lower capital gains taxes, argue Sergio Ocampo, Guttorm Schjelderup, and Floris Zoutman in new research.
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Reposted by Dominic Smith
Dani Sandler @dismalscientist86.bsky.social · 22/05/2026
This paper combines new evidence from the Annual Capital Expenditure Survey with a model of custom software to examine its macroeconomic implications.
Custom software is distinct from other types of capital in that it is non-rival—once a firm makes an investment in custom software, it can be used simultaneously across its many establishments. Using confidential U.S. Census data, we document that while firms with more establishments are more likely to invest in custom software, they spend less on it as a share of total capital expenditure. We explain these empirical patterns by developing a model that incorporates the non-rivalry of custom software. In the model, firms choose whether to adopt custom software, the intensity of their investment, and their scope, balancing the cost of managing multiple establishments with the increasing returns to scope from the nonrivalrous custom software investment. Using the calibrated model, we assess the extent to which the decline in the rental rate of custom software over the past 40 years can account for a number of macroeconomic trends, including increases in firm scope and concentration. This figure plots the establishment-size bin fixed effects, γk, from Equation (1)), with single-unit firms as the omitted category. Panel A plots the share of firms investing in custom software in each establishment size category. Panel B plots the software investment intensity, measured by the share of custom software expenditures relative to total capital expenditures, for each establishment size category. The regression controls for industry-year fixed effects at the 6-digit NAICS level. We report the 95% confidence interval. Standard errors are clustered at the industry-year level.
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Reposted by Dominic Smith
ArXiv Paperboy (Econ.GN + Econ.TH) @arxivecongnbot.bsky.social · 17/04/2026
arXiv📈🤖 Antitrust on Aisle Five: How Well Do Divestiture Remedies Work? By Dong, Koh, Raval et al
Antitrust authorities frequently rely on structural divestitures to address competitive concerns raised by mergers. Using census-level establishment data and proprietary transaction records from the U.S. grocery sector, we provide systematic evidence on the long-run effects of such remedies. Divested stores experience an average 31 percent decline in employment over five years, driven by elevated exit rates and persistent contraction among surviving establishments. Sales similarly decline. Transaction-level evidence indicates that divested assets are systematically weaker and are often transferred to lower-capability buyers. These findings suggest that structural remedies may be less effective when the implementation of divestitures allows merging parties substantial discretion over the assets and buyers involved.
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Reposted by Dominic Smith
Keith @keithdunn.bsky.social · 16/02/2026
The 2026 Barkley Marathons is over. There are no finishers. #BM100
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Six Colors @sixcolors.com · 10/01/2026
Apple cowardly still has not pulled X and Grok from the App Store (Link)
sixcolors.com
Apple cowardly still has not pulled X and Grok from the App Store
The Verge's Elizabeth Lopatto in an absolute scorcher in which she minces no words: Since X’s users started using Grok to undress women and children...
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Reposted by Dominic Smith
Matthew Thomas @matthewthom.as · 03/12/2025
The Federal Trade Commission is hiring PhD Economists (very late, because shutdown)! Please repost/quote so JMCs can see. - no experience: www.usajobs.gov/job/851497400 - some experience: www.usajobs.gov/job/851497300 - much experience: www.usajobs.gov/job/851496000 #Economics #EconSky
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NEP-EFF: Efficiency and Productivity @repec-nep-eff.bsky.social · 03/12/2025
National Chains and Trends in Retail Productivity Dispersion: Dominic Smith; G. Jacob Blackwood; Michael D. Giandrea; Cheryl Grim; Jay Stewart; Zoltan Wolf
d.repec.org
NEP/RePEc link
to paper
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Reposted by Dominic Smith
Timothy McBride @mcbridetd.bsky.social · 28/11/2025
WSJ: "Some will say this means U.S. should never admit such refugees, but the alternative is abandoning allies who assist USA in war to retribution of our enemies..How many will assist us if they believe there will be no exit for them if U.S. leaves" www.wsj.com/opinion/the-...
wsj.com
Opinion | The Ambush on the National Guard
The alleged shooting by an Afghan ‘partner’ shouldn’t condemn all who assisted the U.S. and now live here.
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Dominic Smith @dominicsmith.bsky.social · 13/11/2025
E-bike plus trailer and I can transport 5 kids. Try doing that with your mid-sized SUV.
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Elizabeth Wrigley-Field @wrigleyfield.bsky.social · 23/10/2025
Postdoc at the Minnesota Population Center, @minnpop.bsky.social Applications open now and being evaluated on a rolling basis. Pass on to demographers you know! (This one requires folks to relocate to the Twin Cities, because it involves work in the restricted data center)
hr.myu.umn.edu
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Jakob Schneebacher @jschneebacher.bsky.social · 16/10/2025
Attention IO job market candidates: Sometimes speakers in the CMA's external economics seminar series have to cancel at relatively short notice. We would love for these slots to go to JMCs to present their job market paper. Drop me a message if you are interested or share with those who might be.
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Olivier Simard-Casanova @o.simardcasanova.net · 08/10/2025
I’ve been an Apple fanboy for 15 years and even I find this shameful and disgusting
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ProMarket @promarket.bsky.social · 04/09/2025
NEW: In new research, @dominicsmith.bsky.social and @socampdi.bsky.social show that retail concentration has increased in most markets across the United States, with the expansion of large retail chains driving the trend toward a more concentrated retail landscape.
promarket.org
How Has Industry Consolidation Changed the Way Americans Shop? - ProMarket
In new research, Dominic Smith and Sergio Ocampo show that retail concentration has increased in most markets across the United States, with the expansion of large retail chains driving the trend toward a more concentrated retail landscape. Their findings are based on new product-level census data for all U.S. retailers. They explain the implications of this increased concentration for the everyday shopping experience of clothing, electronics, groceries, and much more.
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Dominic Smith @dominicsmith.bsky.social · 25/07/2025
Tomorrow I will be finishing a 321 mile bike ride from Cleveland to Cincinnati to raise money for Gigi's Playhouse Cleveland in memory of my Aunt, Amy Jo Smith. Amy died in March and Gigi’s Playhouse was her second home since they moved in nearby. support.gigisplayhouse.org/gigifit-acce...
Me holding a bike and screaming with strava text showing a completed 124 mile ride for day 2 of my bike ride.
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Dominic Smith @dominicsmith.bsky.social · 16/07/2025
Next week I will be biking 321 miles from Cleveland to Cincinnati in memory of my Aunt Amy Jo. I am raising money for a nonprofit that supports people with Down Syndrome that was incredibly helpful to my Aunt. support.gigisplayhouse.org/gigifit-acce...
support.gigisplayhouse.org
GiGiFIT Acceptance Challenge 2025 - 321, Go for Amy Jo: Ride Across Ohio for Acceptance
This July I am riding 321 miles from Cleveland to Cincinnati with 2 other people to raise money for Gigi's Playhouse Cleveland in memory of my Aunt, Amy Jo Smith. Biking and Amy: Two of Amy's great...
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Dominic Smith @dominicsmith.bsky.social · 01/01/2025
My attempt to defend the stroller division title for the #econ5k. Pushing 5 more pounds than last year, but she sang to me the entire run. We got some nice company on the cooldown.
The route of a 19:59 5k. Picture of me in running gear with a 2 year old in a jogging stroller and a 4 year old on a bike.
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Jakob Schneebacher @jschneebacher.bsky.social · 17/12/2024
Submit your papers to the 2025 @escoeorg.bsky.social conference! Keynotes include @erikbryn.bsky.social, Carol Propper (Imperial) and Vipin Arora (BEA). Attendance is free and the conference takes place on KCL's beautiful central London campus. #EconSky 1/2
escoe.ac.uk
ESCoE Conference on Economic Measurement 2025 - Call for papers closes 13 Jan 2025 - ESCoE
ESCoE will hold its annual conference, organised in partnership with the UK Office for National Statistics (ONS), on 21-23 May 2025.
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Anna Gifty @itsafronomics.blacksky.app · 10/12/2024
No one asked, but I'll share the PBS kids shows that I think made me a kinder and smarter person: (Honorable mentions: Sesame Street and ZOOM) bsky.app/profile/itsa...
Dragon TalesArthurCyberchaseLiberty Kids
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Dominic Smith @dominicsmith.bsky.social · 07/11/2024
Has anyone created a similarity index for HS codes? For example nickel wire and nickel scrap are under different HS4s but a similarity score on description would say they are similar. #econsky
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Dominic Smith @dominicsmith.bsky.social · 27/09/2024
Me: What did you learn at school today? 3yo: We learned economics. Me: What did you learn about economics? 3yo: We learned about capital. Me: Huh? 3yo: We learned about capital A for Apple. I guess he does pay attention when we read to him. www.amazon.com/ABCs-Economi...
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Reposted by Dominic Smith
Sabrina Wulff Pabilonia @sabrinapabilonia.bsky.social · 11/09/2024
Dani Sandler and Marit Rehavi will be speaking next Wednesday via Zoom about career pathways of government economists and disparities in pay, and on how managers influence employees’ career paths and wage disparities in both the government and private sectors.
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Sabrina Wulff Pabilonia @sabrinapabilonia.bsky.social · 03/01/2024
I organized a session on "Youth" for #ASSA2024 through @sgeecon.bsky.social. I am looking forward to the presentations on Sunday morning. My co-author Charlene Kalenkoski will be presenting our joint work on teen social interactions, time use, and well-being using #ATUS. See you there!
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Ben Casselman @bencasselman.bsky.social · 12/12/2023
Consumer prices rose 0.1 percent in November, and were up 3.1 percent from a year earlier. Core prices, excluding food and energy, were up 0.3 percent month/month and 4.0 percent year/year. #NumbersDay Data: www.bls.gov/news.release... Full coverage: www.nytimes.com/live/2023/12...
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Dominic Smith @dominicsmith.bsky.social · 26/09/2023
I’ve been wondering this as well. I have a collection of data that would be convenient to have in an SQL db, but do I really want to be my own db admin?
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Dominic Smith @dominicsmith.bsky.social · 25/09/2023
I’m very glad this is continuing. I miss the in-person race, but it must have been incredibly difficult to plan a race in a different city each year.
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Reposted by Dominic Smith
Remy Levin @remylevin.bsky.social · 25/09/2023
#Econsky may be number 12 on this list, but as everyone knows there are AT LEAST 15 feeds in the top 10.
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