Monday Lunch Seminars

Monday Lunch Seminars

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[Academic Events] Monday Lunch Seminars Christopher Flinn (NYU)

"Actors in the Child Development Process" Abstract: We construct and estimate a model of child development in which both the parents and children make investments in the child’s skill development. In each period of the development process, partially altruistic parents act as the Stack- elberg leader and the child the follower when setting her own…

[Academic Events] Monday Lunch Seminars Giovanna Nicodano (Collegio Carlo Alberto)

"Does Bankruptcy Risk Increase Value?" Abstract We show that bankruptcy exposure increases ex-post average firm value due to a survivorship bias. The reason is that bankruptcy cancels rms with the lowest realized cash ows from databases. Such bias gives rise to known pricing puzzles. It generates a discount on diversified companies when diversification helps their survival. Moreover, it…

[Academic Events] Monday Lunch Seminars Giovanni Mastrobuoni (Collegio Carlo Alberto)

"Open or Close the Door? Prison Conditions and Recidivism" Abstract The question of how prison conditions affect recidivism is very important. In designing a prison system, one would want to know the answer. We estimate the effect on recidivism of replacing time served in a common closed-cell prison with time served in an open-cell one, mimicking an experiment…

[Academic Events] Monday Lunch Seminars Bernardo Fanfani (University of Torino)

 "The effects of collective bargaining on employment and growth" Abstract This paper analyses the employment effects of the Italian sectoral wage bargaining system. The study is based on high-frequency, comprehensive and updated information on employment and wages derived from administrative data on private-sector social security contributions, matched with precise information on the economic content of…

Monday Lunch Seminars Paolo Ghirardato (Collegio Carlo Alberto) and Daniele Pennesi

"A General Theory of Subjective Mixtures" Abstract We provide a framework for constructing subjective mixtures which requires neither the Certainty Independence nor the Monotonicity axiom, replacing them with much weaker "local'' properties, and which --as we show by means of several examples-- can thus serve as a purely subjective foundation to most of the recent…

Monday Lunch Seminars Edoardo Grillo (Collegio Carlo Alberto)

"Dynamic Campaign Spending" Abstract We build a model of electoral campaigning in which two candidates allocate money over time to control the movement of relative popularity. If any gain in a candidate's popularity tends to decay over time (making it harder for the candidate to maintain or increase her lead when she is already ahead)…

Monday Lunch Seminars Toomas Hinnosaar (Collegio Carlo Alberto)

"Price Setting on a Network" abstract Most products are produced and sold by supply chain networks, where an interconnected network of producers and intermediaries set prices to maximize their profits. I show that under a few technical assumptions, there is a unique equilibrium in a price-setting game on a network. The key distortion in the…

Monday Lunch Seminars Dario Sansone (Georgetown University)

"Pink Work: Same-Sex Marriage, Employment and Discrimination" Abstract This paper analyzes how the legalization of same-sex marriage in the U.S. affected gay and lesbian couples in the labor market. Results from a difference-in-difference model emphasize that both partners in same-sex couples were more likely to be employed, to have a full-time contract, and to work…