Seminars in Economics

Seminars in Economics

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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 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 Axel Borsch Supan (Munich Center for the Economics of Aging)

"Human errors and pension reform" abstract The talk will discuss the microeconomic, macroeconomic and public policy implications when many households make mistakes due to myopia, procrastination and/or mispredictions. I will start with the motivation and background for this topic: aging and the general strategy of pension reforms in Europe, including more saving for old-age in…