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Seminars in Economics Marzena Rostek (University of Wisconsin-Madison)

"Decentralized Exchange" abstract This paper develops an equilibrium model of decentralized trading which accommodatesany coexisting exchanges, including networks and more general, common market structuresrepresented by hypergraphs. The model allows for any number of strategic traders and multipledivisible assets. We characterize equilibrium and welfare, and develop comparative statics withrespect to preferences, assets and market structures. Asset…

Seminars in Politics and Society Roberto Franzosi (Emory University)

"What Things Can We Do with Words? Answers from Italian Fascism (1919–1922) and Georgia Lynchings (1875–1930)" abstract The talk illustrates a quantitative social science approach to texts developed by the author, Quantitative Narrative Analysis (QNA). QNA relies on computer-assisted story grammars to analyze narrative, where a story grammar is the simple Subject-Verb-Object (SVO) structure. In…

Seminars in Politics and Society Costanzo Ranci (Politecnico di Milano)

"The changing political economy of  self-employment in Italy" abstract This presentation is based on a research on self-employment carried out in 2010-12 in Italy, and published in a book in 2012 (C. Ranci, (ed.) Partite Iva. Il lavoro autonomo nella crisi italiana, Il Mulino, 2012). The research was focused on a general reconstruction of the…

Seminars in Economics of Innovation and Knowledge Mario Pianta (Università di Urbino)

"Profits, R&D and innovation. A model and a test" abstract Abstract:In this article we investigate – both conceptually and empirically – the relationships between three interconnected elements of the Schumpeterian “engine of progress”: the ability of industries’ R&D efforts to turn out successful innovations; the ability of innovations to lead to high entrepreneurial profits; the…

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…

Seminars in Statistics Alessio Farcomeni (University of Rome La Sapienza)

Semiparametric capture-recapture with heterogeneous capture probabilities Capture-recapture experiments are commonly used to estimate the size of a closed population. Link (2003) has underlined identifiability problems when one wants to make inference with heterogeneous capture probabilities in a semiparametric framework. If subject-specific capture probabilities are random effects with no assumption on the mixing distribution, the conditional…

Seminars in Politics and Society Stephen Morgan (Cornell University)

"Taking the Cloak Off the DAG:  The New Frontier of Causal Analysis in the Social Sciences" Abstract The counterfactual approach to causal analysis will continue to transform the social sciences in the next decade.  The potential outcome model, which was largely developed in statistics and economics between 1975 and 2005, has now been joined by…

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 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…

Seminars in Politics and Society Hugh Lauder (University of Bath)

"The Global Auction for High Skilled Jobs and the Death of Human Capital" abstract For decades, the idea that more education will lead to greater individual and national prosperity has been a cornerstone of developed economies. Indeed, it is almost universally believed that college diplomas give Americans and Europeans a competitive advantage in the global…

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…