Seminars in Economics
Seminars in Economics
Seminars in Economics Federico Ravenna (The Central Bank of Denmark)
"Everyday Reference Prices and Nominal Rigidities"
Seminars in Economics Laura Doval (Caltech)
"Sequential Information Design"
Seminars in Economics Ingo Isphording (IZA)
"Achievement Rank Affects Perfomance and Major Choices in College" abstract We study how students' performance and educational choices are affected by their relative academic ability among direct peers. In a quasi-experimental setting we show that students perform better when they rank highly in randomly assigned peer groups. We reject that effects operate through an adjustments of…
Seminars in Economics Steven Callander (Stanford Graduate School of Business)
"Communication in a Complicated World" Abstract A layperson seeks advice from an expert about a decision he has to make. The expert is privately informed about the mapping from feasible decisions to outcomes, which takes the form of a realization of a Brownian motion with drift. For each decision, the expert has a hard piece…
Seminars in Economics Wilbert Van Der Klaauw (Federal Reserve Bank New York)
"Echoes of Rising Tuition in Students’ Borrowing, Educational Attainment, and Homeownership in Post-Recession America" Abstract State average enrollment-weighted public college tuition and fees per school year rose by $3,843 (or 81 percent) between 2001 and 2009. How are recent cohorts absorbing this surge in college costs, and what effect is it having on their post-schooling…
Seminars in Economics Alessandro Pavan (Northwstern University)
"Robust predictions in dynamic screening" Abstract We characterize properties of optimal dynamic mechanisms using a variational approach thatpermits us to tackle directly the full program. This allows us to make predictions for a considerably broader class of stochastic processes than can be handled by the first order, Myersonian,approach", which focuses on local incentive compatibility constraints…
Seminars in Economics Ruben Durante (Universitat Pompeu Fabra / Sciences Po)
"Advertising Spending and Media Bias: Evidence from news Coverage of Car Safety Recalls"
Seminars in Economics Jonathan Berk (Stanford Graduate School of Business)
"Regulation of Charlatans in High-Skill Professions"
Seminars in Economics Laura Grigolon (McMaster University)
"Blurred boundaries: a flexible approach for segmentation applied to the car market" Abstract Prominent features of differentiated product markets are segmentation and product proliferation that blurs the boundaries between segments. I develop a tractable demand model, the Ordered Nested Logit, which allows for overlap between neighboring segments. I apply the model to the automobile market…
Seminars in Economics Marco Casari (University of Bologna)
"Carbon is Forever: a Climate Change Experiment on Cooperation"
Seminars in Economics Francesco Sangiorgi (Frankfurt School)
"Why is capital slow moving? Liquidity hysteresis and the dynamics of limited arbitrage" Abstract Will arbitrage capital flow into a market experiencing a liquidity shock, mitigating the adverse effect of the shock on liquidity? Using a stochastic dynamic model of equilibrium pricing with privately informed capital-constrained arbitrageurs, we show that arbitrage capital may actually flow…
Seminars in Economics Naveen Gondhi (INSEAD)
"Feedback Effect and Investor Information Acquisition: Implications for Agency Problems"
Seminars in Economics Seth Sanders (Duke University)
"Using Response Time Data from Social Science Surveys to Model Cognition and Cognitive Decline"
Seminars in Economics Helena Perrone (Barcelona Graduate School of Economics)
"Consumers' Costly Responses to Product-Harm Crises"
Seminars in Economics Irma Clots Figueras (University Carlos III de Madrid)
"Leader Identity and Coordination Failure" Abstract This paper investigates the role of leader identity in addressing coordination failure. It uses data from an artefactual field experiment and survey conducted in 44 towns in the Indian state of Uttar Pradesh, sampling individuals from among the minority Muslim and the majority Hindu communities. We find that Muslim leaders…
Seminars in Economics Diego Garcia (University of North Carolina at Chapel Hill)
"The kinks of financial journalism" Abstract This paper studies the content of financial news as a function of past market returns. As a proxy for media content we use positive andnegative word counts from general financial news columns from the Wall Street Journal and the New York Times. Our empirical analysis allows us to discriminate…
Seminars in Economics Salvatore Nunnari (Bocconi University)
"A Model of Focusing in Political Choice"
Seminars in Economics Sergei Severinov (University of British Columbia)
"Bilateral Communication and Matching/Partnership Formation" Abstract We consider match formation between two parties, such as marriage, merger or partnership formation. Each party has private information about the value of the match, which creates friction in the matching process. We focus on the role of bilateral communication in this setting and investigate how such communication should…
Seminars in Economics Matthias Parey (University of Essex)
"Diverted dreams: Estimating the effect of assignment to Higher Education institutions"
Seminars in Economics Philipp Strack (University of California Berkeley)
"Unrealistic Expectations and Misguided Learning"