Details about Nicholas Trachter

Access statistics for papers by Nicholas Trachter.

Last updated 2025-04-28. Update your information in the RePEc Author Service.

Short-id: ptr184

Working Papers

2025

1. Banks in Space
   Working Paper, Federal Reserve Bank of Richmond
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)

2024

2. Sectoral Development Multipliers
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Paper, Federal Reserve Bank of Richmond (2024)

2023

3. Unemployment Insurance when the Wealth Distribution Matters
   Department of Economics Working Papers, Universidad Torcuato Di Tella View citations (1)
   Also in Working Paper, Federal Reserve Bank of Richmond (2023) View citations (1)

2021

4. Big Push in Distorted Economies
   Working Paper, Federal Reserve Bank of Richmond View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (4)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (4)

2020

5. Plants in Space
   Working Paper, Federal Reserve Bank of Richmond
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (6)
   2019 Meeting Papers, Society for Economic Dynamics (2019)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (6)
   See also Journal Article Plants in Space, Journal of Political Economy, University of Chicago Press (2024) (2024)

2019

6. An Information-Based Theory of Financial Intermediation
   Working Paper, Federal Reserve Bank of Richmond View citations (7)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (7)
   See also Journal Article An Information-based Theory of Financial Intermediation, The Review of Economic Studies, Review of Economic Studies Ltd (2022) View citations (3) (2022)
7. Diverging Trends in National and Local Concentration
   2019 Meeting Papers, Society for Economic Dynamics View citations (9)
   Also in Working Paper, Federal Reserve Bank of Richmond (2018) View citations (36)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (62)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (66)
   See also Journal Article Diverging Trends in National and Local Concentration, NBER Macroeconomics Annual, University of Chicago Press (2021) View citations (30) (2021)
   Chapter Diverging Trends in National and Local Concentration, NBER Chapters, National Bureau of Economic Research, Inc (2020) View citations (23) (2020)

2017

8. (In)efficiency and Intervention in Over-The-Counter Markets
   2017 Meeting Papers, Society for Economic Dynamics
9. Asset Issuance in Over-the-Counter Markets
   Working Paper, Federal Reserve Bank of Richmond View citations (6)
   See also Journal Article Asset Issuance in Over-the-Counter Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (10) (2019)
10. Price Dynamics with Customer Markets
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (9)
    Working Paper, Federal Reserve Bank of Richmond (2014) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (4)
    See also Journal Article PRICE DYNAMICS WITH CUSTOMER MARKETS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2019) View citations (13) (2019)

2016

11. Private Information in Over-the-Counter Markets
    Working Paper, Federal Reserve Bank of Richmond View citations (10)
12. Relative Price Dispersion: Evidence and Theory
    Working Paper, Federal Reserve Bank of Richmond View citations (26)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2016) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (21)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2016) View citations (21)
    See also Journal Article Relative Price Dispersion: Evidence and Theory, American Economic Journal: Microeconomics, American Economic Association (2019) View citations (37) (2019)

2015

13. Equilibrium Price Dispersion Across and Within Stores
    Working Paper, Federal Reserve Bank of Richmond View citations (23)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (24)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (21)
    See also Journal Article Equilibrium Price Dispersion Across and Within Stores, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (17) (2018)
14. On the Distribution of College Dropouts: Wealth and Uninsurable Idiosyncratic Risk
    Working Paper, Federal Reserve Bank of Richmond
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2011) View citations (9)
15. Relative Price Dispersion
    2015 Meeting Papers, Society for Economic Dynamics View citations (4)

2014

16. Equilibrium Price Dispersion with Sequential Search
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
    See also Journal Article Equilibrium price dispersion with sequential search, Journal of Economic Theory, Elsevier (2015) View citations (16) (2015)
17. Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2014) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (3)
18. Learning and Life Cycle Patterns of Occupational Transitions
    Working Paper, Federal Reserve Bank of Richmond View citations (3)
    See also Journal Article LEARNING AND LIFE CYCLE PATTERNS OF OCCUPATIONAL TRANSITIONS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2019) View citations (3) (2019)
19. Markups Dynamics with Customer Markets
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
20. State dependent monetary policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2013) View citations (3)
    Working Paper, Federal Reserve Bank of Richmond (2013) View citations (3)
21. Stepping Stone and Option Value in a Model of Postsecondary Education
    Working Paper, Federal Reserve Bank of Richmond View citations (10)
    See also Journal Article Stepping stone and option value in a model of postsecondary education, Quantitative Economics, Econometric Society (2015) View citations (24) (2015)

2012

22. On the optimal supply of liquidity with borrowing constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
23. Unemployment Insurance in a Life Cycle General Equilibrium Model with Human Capital
    2012 Meeting Papers, Society for Economic Dynamics View citations (2)

2011

24. On the distribution of college dropouts: household wealth and uninsurable idiosyncratic risk
    Working Papers, Federal Reserve Bank of Boston View citations (10)
25. Option Value and Transitions in a Model of Postsecondary Education
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (4)
26. The optimum Quantity of Money with Borrowing Constraints
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)

2010

27. Commodity Money with Frequent Search
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2010)
    See also Journal Article Commodity money with frequent search, Journal of Economic Theory, Elsevier (2012) View citations (15) (2012)

2008

28. College Enrollment, Dropouts and Option Value of Education
    2008 Meeting Papers, Society for Economic Dynamics

2004

29. The Elasticity of Substitution in Demand for Non-Tradable Goods in Latin America: The Case of Argentina
    Research Department Publications, Inter-American Development Bank, Research Department View citations (4)

Journal Articles

2025

1. How Do Banks Choose Where to Place Branches?
   Richmond Fed Economic Brief, 2025, 25, (06)
2. How Private Information Distorts OTC Market Outcomes
   Richmond Fed Economic Brief, 2025, 25, (26)

2024

3. Diverging Trends in Market Concentration
   Richmond Fed Economic Brief, 2024, 24, (05)
4. Plants in Space
   Journal of Political Economy, 2024, 132, (3), 867 - 909
   See also Working Paper Plants in Space, Working Paper (2020) (2020)
5. Sectoral Multipliers and Technology Adoption as Insight Into Growth
   Richmond Fed Economic Brief, 2024, 24, (27)

2023

6. How Well Do Firms Retain Customers After Price Increases?
   Richmond Fed Economic Brief, 2023, 23, (16)

2022

7. An Information-based Theory of Financial Intermediation
   The Review of Economic Studies, 2022, 89, (5), 2381-2444 View citations (3)
   See also Working Paper An Information-Based Theory of Financial Intermediation, Working Paper (2019) View citations (7) (2019)
8. Community College as a Steppingstone
   Richmond Fed Economic Brief, 2022, 22, (50)
9. Information and Core-Periphery Structure in Over-the-Counter Markets
   Richmond Fed Economic Brief, 2022, 22, (23)

2021

10. Diverging Trends in National and Local Concentration
    NBER Macroeconomics Annual, 2021, 35, (1), 115 - 150 View citations (30)
    See also Chapter Diverging Trends in National and Local Concentration, NBER Chapters, 2020, 115-150 (2020) View citations (23) (2020)
    Working Paper Diverging Trends in National and Local Concentration, 2019 Meeting Papers (2019) View citations (9) (2019)
11. How Do Firms Choose Where to Place Establishments?
    Richmond Fed Economic Brief, 2021, 21, (34)
12. Why Don't Low-Income Countries Adopt More Productive Technologies?
    Richmond Fed Economic Brief, 2021, 21, (11)

2019

13. Are Markets Becoming Less Competitive?
    Richmond Fed Economic Brief, 2019, (June) View citations (1)
14. Are Markets Becoming Less Competitive? 2018 Annual Report of the Federal Reserve Bank of Richmond
    Annual Report, 2019, 28
15. Asset Issuance in Over-the-Counter Markets
    Review of Economic Dynamics, 2019, 33, 4-29 View citations (10)
    See also Software Item Code and data files for "Asset Issuance in Over-the-Counter Markets", Computer Codes (2019) (2019)
    Working Paper Asset Issuance in Over-the-Counter Markets, Working Paper (2017) View citations (6) (2017)
16. LEARNING AND LIFE CYCLE PATTERNS OF OCCUPATIONAL TRANSITIONS
    International Economic Review, 2019, 60, (2), 905-937 View citations (3)
    See also Working Paper Learning and Life Cycle Patterns of Occupational Transitions, Working Paper (2014) View citations (3) (2014)
17. PRICE DYNAMICS WITH CUSTOMER MARKETS
    International Economic Review, 2019, 60, (1), 413-446 View citations (13)
    See also Working Paper Price Dynamics with Customer Markets, EIEF Working Papers Series (2017) View citations (7) (2017)
18. Relative Price Dispersion: Evidence and Theory
    American Economic Journal: Microeconomics, 2019, 11, (3), 68-124 View citations (37)
    See also Working Paper Relative Price Dispersion: Evidence and Theory, Working Paper (2016) View citations (26) (2016)
19. Switching Occupational Categories
    Richmond Fed Economic Brief, 2019, (July), 1-4 View citations (1)

2018

20. Equilibrium Price Dispersion Across and Within Stores
    Review of Economic Dynamics, 2018, 28, 205-220 View citations (17)
    See also Software Item Code and data files for "Equilibrium Price Dispersion Across and Within Stores", Computer Codes (2017) (2017)
    Working Paper Equilibrium Price Dispersion Across and Within Stores, Working Paper (2015) View citations (23) (2015)
21. Inefficiency in a Simple Model of Production and Bilateral Trade
    Economic Quarterly, 2018, (3Q), 137-151

2016

22. Price Dispersion When Stores Sell Multiple Goods
    Economic Quarterly, 2016, (2Q), 127-146
23. The Role of Option Value in College Decisions
    Richmond Fed Economic Brief, 2016, (Apr)

2015

24. Buyers' Ability and Willingness to Shop Around: An Explanation for Price Dispersion
    Richmond Fed Economic Brief, 2015, (July)
25. Equilibrium price dispersion with sequential search
    Journal of Economic Theory, 2015, 160, (C), 188-215 View citations (16)
    See also Working Paper Equilibrium Price Dispersion with Sequential Search, 2014 Meeting Papers (2014) View citations (1) (2014)
26. Optimal monetary policy with heterogeneous money holdings
    Journal of Economic Theory, 2015, 159, (PA), 339-368 View citations (32)
27. Stepping stone and option value in a model of postsecondary education
    Quantitative Economics, 2015, 6, (1), 223-256 View citations (24)
    See also Working Paper Stepping Stone and Option Value in a Model of Postsecondary Education, Working Paper (2014) View citations (10) (2014)

2014

28. The Dropout Option in a Simple Model of College Education
    Economic Quarterly, 2014, (4Q), 279-295 View citations (1)

2012

29. Commodity money with frequent search
    Journal of Economic Theory, 2012, 147, (6), 2332-2356 View citations (15)
    See also Working Paper Commodity Money with Frequent Search, EIEF Working Papers Series (2010) (2010)

Chapters

2020

1. Diverging Trends in National and Local Concentration
   A chapter in NBER Macroeconomics Annual 2020, volume 35, 2020, pp 115-150 View citations (23)
   See also Journal Article Diverging Trends in National and Local Concentration, University of Chicago Press (2021) View citations (30) (2021)
   Working Paper Diverging Trends in National and Local Concentration, Society for Economic Dynamics (2019) View citations (9) (2019)

Software Items

2019

1. Code and data files for "Asset Issuance in Over-the-Counter Markets"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Asset Issuance in Over-the-Counter Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (10) (2019)

2017

2. Code and data files for "Equilibrium Price Dispersion Across and Within Stores"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Equilibrium Price Dispersion Across and Within Stores, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (17) (2018)