Seminars in Economics

Seminars in Economics

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Seminars in Economics CANCELLED: Martin Pesendorfer (LSE)

"Reference dependence, limited attention, and intertemporal substitution in consumer choice" Abstract We develop a discrete-choice demand model accommodating expectations-based reference effects following Koszegi and Rabin . Applying this model to panel data on household ketchup purchases, we find substantial evidence of reference effects. We then extend this model to fully dynamic setting accommodating limited attention…

Seminars in Economics Laurent Bouton (Georgetown University)

"Electoral Systems and Inequalities in Government Interventions" abstract This paper revisits the economic effects of constitutions. We propose a model ofgovernmental resource allocation under political competition and contrast majori-tarian and proportional representation systems. We derive predictions regardingthe relationship between local –sub-district– level characteristics and inequality ingovernment intervention. Looking at a local level and introducing heterogeneityallows…

Seminars in Economics Francesco Drago (Università degli Studi di Messina)

"Voters' Response to Public Policies: Evidence from a Natural Experiment" abstract How do voters assess policy makers in the presence of incomplete information? We address this question by providing quasi-experimental evidence on voters' electoral response to the realized effects of public policies and by also unmasking the underlying mechanism linking public policies and electoral behavior…

Seminars in Economics Gautam Gowrisankaran (University of Arizona)

“Escalation of Scrutiny: The Gains from Dynamic Enforcement of Environmental Regulations” abstract In the United States, federal and state governments spent nearly $21 billion in 2014 on the enforcement of environmental regulations and laws, including the Clean Air Act and Amendments and the Clean Water Act. The Environmental Protection Agency uses a dynamic approach to…