Seminars
Seminars
Seminars in Economics of Innovation and Knowledge Bruce Tether, Imperial College London
"Knowledge types and organizational architecture: Configuring space to compete in symbolic and synthetic knowledge-based services" (at Dipartimento di Economia "S. Cognetti de Martiis")
Seminars in Economics Miklós Koren (Central European University)
"Machines and machinists: Capital-skill complementarity from an international trade perspective" Abstract We estimate the effect of imported machines on the wages of machine operators utilizing Hungarian linked employer-employee data. We infer exposure to imported machines from detailed trade statistics of the firm and the occupation description of the worker. We find that workers exposed to…
Monday Lunch Seminars Veruska Oppedisano (University College London, UCL)
"Youngsters' Reaction to Emancipation Incentives"by Ainhoa Aparicio and Veruska Opedisano Abstract We study the income and substitution effects of a rental subsidy together with its effectiveness in promoting youngsters' independence. We exploit the introduction of a sizeable monthly subsidy in Spain in 2008, granted to all youngsters in the 22-29 age brackets who earn a…
Seminars in Economics of Innovation and Knowledge Luigi Benfratello, Università di Torino
"Spatial clustering and nonlinearities in the location of multinational firms" (at Dipartimento di Economia "S. Cognetti de Martiis")
Seminars in Economics Emmanuel Farhi (Harvard University)
"Insurance and Taxation over the Life-Cycle" Download the paper
Occasional Seminars Allievi Program Defense Sessions November 2011
16:00 Katia Sette: “The monetary transmission mechanism: evidence from Italian firms” 17:00 Francesco Grande: “The toric model of reversible Markov chains”
Monday Lunch Seminars Ramsés Mena (Universidad Nacional Autónoma de México)
"On the construction of stationary process and their applications" abstract I will review a simple idea to construct strictly stationary Markov processes with given marginal distributions. The proposed methodology is appealing in that it keeps track ofthe underlying transition probabilities, hence being of interest in estimation, simulation and applied problems. Various classes of time series…
Seminars in Statistics Yee Whye Teh (University College London)
Efficient MCMC for Continuous Time Discrete State Systems A variety of phenomena are best described using dynamical models whichoperate on a discrete state space and in continuous time. Examplesinclude Markov jump processes, continuous time Bayesian networks,renewal processes and other point processes, with applications rangingfrom systems biology, neuroscience, genetics, computing networks andhuman-computer interactions. Posterior computations typically…
Seminars in Economics Asen Kochov (Bonn Graduate School of Economics)
"A Definition of Unforeseen Contingencies" Abstract The paper proposes a choice-theoretic definition of unforeseen contingencies. It is proved that if preference admits a recursive utility representation all contingencies are necessarily foreseen. The paper proceeds axiomatically to develop a nonrecursive model of choice in which some events might be initially unforeseen. The process of updating implied…
Monday Lunch Seminars Michael Rapp (Australian National University)
"Instability of Informed Coordination" (Note: the seminar is on Tuesday) Abstract When agents use observational learning to learn about the fundamentals of a coordination game, there are multiple equilibria. In some equilibria information is efficiently transmitted through observational learning, while in others private information is disregarded entirely. Investigating the stability of these equilibria in a stochastic…
Seminars in Statistics Andrés Christen (CIMAT, México)
Towards Uncertainty Quantification and Inference in the stochastic SIR Epidemic Model We introduce a novel method to conduct inference with models defined through a continuous-time Markov process, and we apply these results to a classical stochastic SIR model as a case study. We obtain approximations for first and second moments for the state variables. These…
Monday Lunch Seminars Vincenzo Merella (Università di Cagliari)
"Sectoral Shocks and Asset Pricing: The Role of Consumer Confidence" (Note: the seminar is on Wednesday) Abstract This paper proposes a theory for the observed relationship between consumer confidence and consumption growth. The idea is thatindicators of confidence identify information on the structure of consumer spending that is not contained in other data. We construct amultisectoral…
Seminars in Economics Thomas Mariotti (Toulouse School of Economics)
"Non-Exclusive Competitionunder Adverse Selection" Abstract A seller of a divisible good faces several identical buyers. The quality of the good may be low or high, and is the seller's private information. The seller has strictly convex preferences that satisfy a single-crossing condition. Buyers compete by posting menus of non-exclusive contracts, so that the seller can…
Seminars in Economics Francesco Nava (London School of Economics)
"Efficiency in Repeated Two-Action Games with Local Monitoring" ASTRACT The paper discusses community enforcement in infinitely repeated two-action games with local monitoring. Each player interacts with and observes only a fixed set of partners, of whom he is privately informed. The main result shows that for generic beliefs efficiency can be sustained in a sequential equilibrium in which strategies are…
Monday Lunch Seminars Jim Raymo (University of Wisconsin-Madison)
Educational Differences in Early Childbearing: A Cross-national Comparative Study Abstract: This cross-national comparative study describes relationships between women’s socioeconomic status and early age at first childbirth and seeks to lay an empirical foundation for further research on the ways in which these relationships are shaped by national context. To this end, we describe differences in early childbearing with respect to both…
Seminars in Economics Ugo Panizza (UN Conference on Trade and Development)
"Too Much Finance?" AbstractThis paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We develop a simple model in which the expectation of a bailout may lead to a financial sector which is too large with respect to the social optimum. We then use…
Seminars in Economics of Innovation and Knowledge John Barkley Rosser, James Madison University
"Evolution and complexity"
Seminars in Economics Shachar Kariv (University of California, Berkeley)
“Who is (More) Rational?” Abstract Revealed preference theory offers a criterion for decision-makingquality: if decisions are high quality then there exists a utility functionthat the choices maximize. We conduct a large-scale field experimentthat enables us to test for consistency with utility maximization. Wefind that high-income and high-education subjects display greater levels of consistency than low-income…
Seminars in Economics of Innovation and Knowledge Alfonso Gambardella, Università Bocconi
"The determinants of the private value of patented inventions" (at Dipartimento di Economia "S. Cognetti de Martiis")
Monday Lunch Seminars Levon Barseghyan (Cornell)
"The Nature of Risk Preferences: Evidence from Insurance Choices" (Note: the seminar is on Wednesday) Abstract: We use data on insurance deductible choices to estimate a structural model of risky choice that permits "standard" risk aversion, loss aversion, and probability weighting. We show that loss aversion and probability weighting - though not separately identified without strong…