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Becker Friedman Institute for Economics
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        • About the Becker Friedman Institute
          The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy
          Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals
          The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
        • Expanding Discovery in Economics+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
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        • Natural Language Equilibrium I: Off-Path Conventions
          Phil Reny

          We incorporate natural language into games, focusing here on the class of signaling games. The sender, using a commonly understood language, can make cheap-talk statements about the strategy that he is using. Because the sender knows his strategy, any statement...

          Screening Through Soft Spending Limits: Evidence from the Medicare Therapy Cap
          Ashvin Gandhi and Maggie Shi

          Governments and firms often employ soft spending limits to restrict overspending while still allowing exceptions on a case-by-case basis. This paper studies a Medicare policy which capped per-patient physical therapy spending, with exceptions for patients with documented medical need. The...

          Evaluating Recent Crackdowns on Disability Benefits: Effects on Income and Health Care Use in Australia
          Manasi Deshpande, Greg Kaplan, and Tobias Leigh-Wood

          Many developed countries have enacted reforms to reduce disability rolls. Using a 2014 reform to Australia’s disability program, we find that removal has an average zero effect on household income but increases prescriptions for antipsychotics. However, av-erage effects mask heterogeneity....

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          The Effect of Medicaid on Crime: Evidence from the Oregon Health Insurance Experiment
          Evaluating Recent Crackdowns on Disability Benefits: Effects on Income and Health Care Use in Australia
          Credit Card Entrepreneurs
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          Local Economies, Global Perspective
          Lessons from the Biggest Business Tax Cut in US History
          Trace the Historical Origins of Today’s Federal Student Loan Crisis
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          Tariffs, Trust, and the Twilight of Norms: U.S.–China Relations in the Trump Era
          War Economies: How Ukraine and Russia Are Adapting in Year Three
          Crypto’s Fatal Flaw: Trust, Scale, and the Economics of Blockchain
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          Spring 2025 Trade and Spatial Afternoons Seminar Series

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People·Visiting Scholar

Frederico Finan

University of California Berkley
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© 2025 Becker Friedman Institute for Economics at the University of Chicago

  • About
        • About the Becker Friedman Institute
          The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy
          Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals
          The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
        • Expanding Discovery in Economics+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
        • Visitors & Fellows
        • Our Team
        • BFI Employment Opportunities
        • Contact
  • Network
        • Research Initiatives
          • Big Data Initiative
          • Chicago Experiments Initiative
          • Health Economics Initiative
          • Industrial Organization Initiative
          • International Economics and Economic Geography Initiative
          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
        • View All caret-right
        • Regional Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
        • View All caret-right
        • Programs & Centers
          • Expanding Discovery in Economics+ (EDE+)
          • Development Economics Center
          • Global Center for Economic Growth - Growth Academy
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
        • View All caret-right
  • Scholars
    • UChicago Scholars
    • Visiting Scholars
    • Saieh Family Fellows
    • Predoctoral Research Professionals
  • Research
        • Natural Language Equilibrium I: Off-Path Conventions
          Phil Reny

          We incorporate natural language into games, focusing here on the class of signaling games. The sender, using a commonly understood language, can make cheap-talk statements about the strategy that he is using. Because the sender knows his strategy, any statement...

          Screening Through Soft Spending Limits: Evidence from the Medicare Therapy Cap
          Ashvin Gandhi and Maggie Shi

          Governments and firms often employ soft spending limits to restrict overspending while still allowing exceptions on a case-by-case basis. This paper studies a Medicare policy which capped per-patient physical therapy spending, with exceptions for patients with documented medical need. The...

          Evaluating Recent Crackdowns on Disability Benefits: Effects on Income and Health Care Use in Australia
          Manasi Deshpande, Greg Kaplan, and Tobias Leigh-Wood

          Many developed countries have enacted reforms to reduce disability rolls. Using a 2014 reform to Australia’s disability program, we find that removal has an average zero effect on household income but increases prescriptions for antipsychotics. However, av-erage effects mask heterogeneity....

        • View All caret-right
  • Insights
        • Research Briefs

          The Effect of Medicaid on Crime: Evidence from the Oregon Health Insurance Experiment
          Evaluating Recent Crackdowns on Disability Benefits: Effects on Income and Health Care Use in Australia
          Credit Card Entrepreneurs
        • View All caret-right
        • BFI Data Studio

          Local Economies, Global Perspective
          Lessons from the Biggest Business Tax Cut in US History
          Trace the Historical Origins of Today’s Federal Student Loan Crisis
        • View All caret-right
        • Podcasts

          Tariffs, Trust, and the Twilight of Norms: U.S.–China Relations in the Trump Era
          War Economies: How Ukraine and Russia Are Adapting in Year Three
          Crypto’s Fatal Flaw: Trust, Scale, and the Economics of Blockchain
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
  • Events
        • Upcoming Events

          May 9

          Spring 2025 Trade and Spatial Afternoons Seminar Series

          May 12

          Spring 2025 Behavioral Economics Seminar Series

          May 13

          2025 Education Finance Conference

        • View All caret-right
  • News
    • BFI News
    • Media Mentions
    • Press Releases
  • Info For
    • Scholars
    • Students
    • Media
    • Pre-Doctoral Research Professionals
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