Job Market Seminars
Job Market Seminars
Job Market Seminars Tatyana Marchuk (Goethe University)
"The Financial Intermediation Premium in the Cross Section of Stock Returns" Download the paper abstract This paper documents a significant risk premium for financial intermediation risk in the cross section of equity returns. Firms that borrow from highly levered financial intermediaries have on average 4% higher expected returns relative to firms with low-leverage lenders. This…
Job Market Seminars Claudio Labanca (San Diego)
"Coordination of Hours within the Firm" Download the paper Abstract Teamwork has become increasingly important in many firms, yet little is known about how coordination of hours among heterogeneous coworkers affects pay, productivity and labor supply. In this paper we propose a framework where differently productive firms choose whether or not to coordinate hours in…
Job Market Seminars Mara Squicciarini (NWU)
"Devotion and Development: Religiosity, Education, and Economic Progress in 19th-Century France" Download the paper abstract This paper uses a historical setting to study when religion can be a barrier for diffusion of knowledge and economic development, and through which mechanism. I focus on 19th-century Catholicism and analyze a crucial phase of modern economic growth, the…
Job Market Seminars Alexander Jakobsen (Princeton)
"Dynamic (In)Consistency and the Value of Information" Download the paper abstract This paper develops a revealed-preference model of information disclosure. One decision maker, DM1, ranks information sources (Blackwell experiments) knowing that a second decision maker, DM2, uses the information to select an act from a menu. Both decision makers are subjective expected utility maximizers but…
Job Market Seminars Davide Malacrino (Stanford)
"Entrepreneurs’ Wealth and Firm Dynamics" Download the paper abstract Owners of privately-held firms typically invest a large amount of their personal wealth into their firm. In principle, the wealth not invested in the firm may be used as a buffer to smooth shocks to the firm. Is such buffer stock behavior observed among privately-held firm…
Job Market Seminars Luca Facchinello (Stockholm School of Economics)
"The Impact of Early Grading on Academic Choices: Mechanisms and Social Implications"
Job Market Seminars Michela Giorcelli (Stanford University)
"The Long-Term Effects of Management and Technology Transfer: Evidence from the US Productivity Program” abstract This paper uses a unique historical episode to assess the long-run effects of man-agement and technology transfer on firm performance. During the 1950s, as part of the Marshall Plan, the US administration sponsored management-training trips for European managers to US…
Job Market Seminars Gabriella Santangelo (Yale University)
"Firms and Farms: The Impact of Agricultural Productivity on the Local Indian Economy"
Job Market Seminars Camilla Roncoroni (Yale University)
"Political Connections and Market Structure"
Job Market Seminars Bruno Salcedo (Penn State University)
"Pricing Algorithms and Tacit Collusion" Abstract There is an increasing tendency for firms to use pricing algorithms that speedily react to market conditions, such as the ones used by major airlines and online retailers like Amazon. I consider a dynamic model in which firms commit to pricing algorithms in the short run. Over time, their algorithms can be revealed…
Job Market Seminars Stefano Sacchetto (London Business School)
"Merger Activity in Industry Equilibrium" ABSTRACT We study a dynamic industry-equilibrium model that features mergers, entry, and exit by heterogeneous firms. We show how different sources of synergies affect merger cyclicality. Improvements in marginal productivity between merging firms generate a procyclical motive for mergers, while reductions in fixed costs of production generate a countercyclical one.…
Job Market Seminars Andres Garcia-Suaza (Universidad Carlos III de Madrid)
"Oaxaca-Blinder type Decomposition Methods for Duration Outcomes"
Job Market Seminars Jorge Vasquez (University of Wisconsin-Madison)
"Crime and Vigilance"
Job Market Seminars Ruben Gaetani (Northwestern)
"The Geography of Unconventional Innovation"
Job Market Seminars Mariana Khapko (Stockholm School of Economics)
"Asset Pricing with Dynamically Inconsistent Agents"
Job Market Seminars Laura Lasio (Toulouse School of Economics and CREST, Paris)
"Delisting of Pharmaceuticals from Insurance Coverage: Effects on Consumption, Pricing and Expenditures in France"
Job Market Seminars Pedro H. C. Sant’Anna (Universidad Carlos III de Madrid)
"Nonparametric Tests for Conditional Treatment Effects in Duration Outcomes"
Job Market Seminars Alexandre De Cornière (University of Oxford)
"Quality Provision in the Presence of a BiasedIntermediary"
Job Market Seminars Attila Lindner (University of California Berkeley)
"Who Pays for the Minimum Wage?"