Monday Lunch Seminars
Monday Lunch Seminars
Monday Lunch Seminars Ainhoa Aparicio Fenoll
"Recessions and Babies' Health"(Note: the seminar is on Wednesday)
Monday Lunch Seminars Benjamin Cowan (Washington State University)
"Testing for Educational Credit Constraints using Heterogeneity in Individual Time Preferences" (Note: the seminar is on Thursday)
Monday Lunch Seminars Dino Gerardi
"A Theory of Slow Trading in Bargaining" AbstractA seller dynamically sells a divisible good to a buyer. It is common knowledge that there are gains from trade and that the gains per-unit are decreasing. Payoffs are interdependent as in Akerlof’'s market for lemons. The seller is informed about the good’s quality. The buyer learns about it only through…
Monday Lunch Seminars Andrea Vindigni
"Soldiers and Rebels. Coups and Civil Wars in Weakly-Institutionalized and Fragmented States" Abstract Many ethnically divided societies are ridden with inter-ethnic conflicts which inhibit their economic development. Following Lijphart, many scholars have advocated the adoption of "consensual" political institutions to facilitate the peaceful resolutions of ethnic conflicts. In this paper, we argue that making institutions…
Monday Lunch Seminars Igor Livshits (University of Western Ontario)
"Screening as a Unied Theory of Delinquency,Renegotiation, and Bankruptcy"
Monday Lunch Seminars Paolo Ghirardato
"Ambiguity in the small and in the large" Abstract This paper considers local and global multiple-prior representations of ambiguity for preferences that are (i) monotonic, (ii) Bernoullian, i.e. admit an affine utility representation when restricted to constant acts, and (iii) locally Lipschitz continuous. We do not require either Certainty Independence or Uncertainty Aversion. We show…
Monday Lunch Seminars Francesca Pongiglione
"Reciprocity or strategy? An analysis of motivation behind conditional cooperation" abstract The goal of this research is the understanding of the dynamics that lead to the rise of motivation to cooperate under limited information about what other people involved are doing. This research is a part of a broader project that analyses motivation for adopting pro-environmental behaviour: climate change is…
Monday Lunch Seminars Raphael Levy (University of Mannheim)
"Two-sided reputation in certification markets" Abstract We consider a market where a seller needs to resort to a certifier to overcome adverse selection. There is uncertainty about the certifier'spreferences for disclosing negative information about the seller. The profit of a monopolistic certifier is an inverted U-shaped function of his reputation for transparency: being perceived as more transparent allows him…
Monday Lunch Seminars Ylenia Brilli
"Mother or market care? A structural estimation of child care impacts on child development"
Monday Lunch Seminars Pierluigi Conzo
"Calamity, Aid and Indirect Reciprocity: the Long Run Impact of Tsunami"
Monday Lunch Seminars Maria Laura Di Tommaso
"Measuring Welfare: Random Scale Models for capabilities. An application to freedom of movement of Italian women." (Note: the seminar is on Thursday) abstract Sen’s capability approach distinguishes between what people are free to do and to be (their ‘capabilities’) and what they do and who they are (their ‘functionings’). In the capability approach, individuals’ well-being…
Monday Lunch Seminars Giovanni Mastrobuoni (Collegio Carlo Alberto)
"Optimal Criminal Behavior and the Disutility of Jail: Theory and Evidence On Bank Robberies" abstract Based on unique data on individual bank robberies, this paper estimates the distribution of criminals' disutility of jail. The identification rests on the money versus risk trade-off that criminals face when deciding whether to stay an additional minute while robbing…
Monday Lunch Seminars Claudio Tebaldi (Universita’ Bocconi)
"Long Run Risk and the Persistence of Consumption Shocks" abstract In a long run risk valuation model, agents observe directly the structural drivers of consumption growth and produce a selective response to these shocks. Persistence heterogeneity complicates the empirical analysis of consumption growth dynamics and the detection of long run risk: the econometrician observes only aggregate quantities and is unable…
Monday Lunch Seminars Gani Aldashev (University of Namur (FUNDP))
"Assignment procedure biases in randomized policy experiments" abstract Randomized controlled trials (RCT) have become a dominant empirical tool in applied economics. The internal validity of RCTs crucially depends on the (implicit) assumption that the procedure assigning subjects to treatment and control groups has no effect on behavior. We show theoretically that this assumption is violated…
Monday Lunch Seminars Chiara Daniela Pronzato (University of Torino)
"Does Information Matter for Women Decisions? Experimental Evidence from Childcare" abstract Gender stereotypes are well eradicated also among women. Yet, a recent literature suggests that learning from other women experience about the effects of maternal employment on children outcomes may increase female labor force participation. In this paper, we design a survey experiment to provide…
Monday Lunch Seminars Aleksey Tetenov (Collegio Carlo Alberto)
"Statistical hypothesis testing and private information" Abstract This paper provides a rationalization for using classical one-sided hypothesis tests for approving innovations (e.g., new pharmaceuticals, new government programs). I consider this problem of statistical decision making in a setting where proponents of innovations (i) stand to benefit from approval decisions even if their innovations have a negative effect, (ii) possess private…
Monday Lunch Seminars Giovanna Nicodano, Luca Regis (University of Torino)
"Firm combinations, insolvency and tax policy" abstract This paper examines endogenous default costs in parent subsidiary structures (PS), and their sensitivity to tax policy. We show that PS lead to inefficiently high default costs relative to conglomerates when interest is deductible from taxes, due to their higher leverage. The introduction of intercorporate dividend taxation is…
Monday Lunch Seminars Matteo Richiardi (Universita’ di Torino)
"Rel(a)ying on your team-mates is not enough: On sequential contributions to team production under competition" abstract Many tasks require the input by more than one person very often with members of the team contributing sequentially. However, team production is plagued by disincentive problems. In this paper we investigate individual incentives to team production with sequential contributions and competing teams.…
Monday Lunch Seminars Roberto Marfe’ (Swiss Finance Institute and University of Lausanne, Institute of Banking and Finance)
"Realized Expectations and the Equilibrium Risk-Return Trade Off" abstract This paper considers a simple, closed form and parsimonious continuous-time general equilibriummodel with investors featuring “catching up with the Joneses” preferences under incomplete information.Investors have unbiased beliefs about economic growth in the long-run, but underestimatelong-run reversion depending on the evolution of economic conditions as suggested by…
Monday Lunch Seminars Andrei Savochkin (Collegio Carlo Alberto)
"Decision-Making Under Subjective Risk" Abstract: The primary objective of this paper is to develop a framework in which a decision-maker may have subjective beliefs about the "riskiness'' of prospects, even though the risk structure of these prospects is objectively specified. Put differently, we investigate preferences over risky alternatives by postulating that such preferences arise from…