Question A:
Nippon Steel’s proposed acquisition of US Steel would lead to substantially less employment in the US steel industry than in the absence of such a deal.
Responses
Responses weighted by each expert's confidence
Question B:
Nippon Steel’s proposed acquisition of US Steel would cause no measurable damage to the American economy.
Responses
Responses weighted by each expert's confidence
Question A Participant Responses
Participant | University | Vote | Confidence | Bio/Vote History |
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Daron Acemoglu |
MIT | Did Not Answer | Bio/Vote History | |
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Joseph Altonji |
Yale | Bio/Vote History | ||
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Alan Auerbach |
Berkeley | Bio/Vote History | ||
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David Autor |
MIT | Bio/Vote History | ||
US Steel is a moribund enterprise. Absent Japanese investment, it will likely continue to whither on the vine--like Chrysler or Sears. Nippon Steel's investment might give it a new lease on life and hence preserve employment.
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Abhijit Banerjee |
MIT | Did Not Answer | Bio/Vote History | |
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Marianne Bertrand |
Chicago | Bio/Vote History | ||
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Markus Brunnermeier |
Princeton | Did Not Answer | Bio/Vote History | |
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Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
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Judith Chevalier |
Yale | Bio/Vote History | ||
The counterfactual here is tricky- the domestic acquirer, independent status?
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David Cutler |
Harvard | Bio/Vote History | ||
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Darrell Duffie |
Stanford | Bio/Vote History | ||
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Aaron Edlin |
Berkeley | Bio/Vote History | ||
Nippon may however agree to maintain us employment levels.
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Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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Liran Einav |
Stanford | Bio/Vote History | ||
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Ray Fair |
Yale | Bio/Vote History | ||
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Amy Finkelstein |
MIT | Did Not Answer | Bio/Vote History | |
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Pinelopi Goldberg |
Yale | Did Not Answer | Bio/Vote History | |
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Michael Greenstone |
University of Chicago | Bio/Vote History | ||
i think impossible to answer without clarity on counterfactual-- would US Steel remain independent or be purchased by someone else (domestic or foreign)
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Robert Hall |
Stanford | Did Not Answer | Bio/Vote History | |
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Oliver Hart |
Harvard | Bio/Vote History | ||
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Bengt Holmström |
MIT | Bio/Vote History | ||
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Caroline Hoxby |
Stanford | Did Not Answer | Bio/Vote History | |
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Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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Kenneth Judd |
Stanford | Bio/Vote History | ||
Nippon does not have substantial production capacity in the US. This makes it easier for Nippon to supply customers and deploy its technology.
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Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
More likely to lead to more employment.
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Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
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Pete Klenow |
Stanford | Bio/Vote History | ||
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Jonathan Levin |
Stanford | Bio/Vote History | ||
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Eric Maskin |
Harvard | Did Not Answer | Bio/Vote History | |
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William Nordhaus |
Yale | Did Not Answer | Bio/Vote History | |
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Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
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Emmanuel Saez |
Berkeley | Did Not Answer | Bio/Vote History | |
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Larry Samuelson |
Yale | Bio/Vote History | ||
It is not clear why the new owners would operate at a smaller scale then the current owners.
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José Scheinkman |
Columbia University | Bio/Vote History | ||
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Richard Schmalensee |
MIT | Bio/Vote History | ||
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Carl Shapiro |
Berkeley | Bio/Vote History | ||
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Robert Shimer |
University of Chicago | Bio/Vote History | ||
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James Stock |
Harvard | Bio/Vote History | ||
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Richard Thaler |
Chicago Booth | Bio/Vote History | ||
Nippon has not shared its plans with me.
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Christopher Udry |
Northwestern | Bio/Vote History | ||
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