Seminars in Economics

Seminars in Economics

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Seminars in Economics Ryan McDevitt (Duke University)

"The Elasticity of Demand for Alternative Financial Services: Evidence from Check-Cashing Price Changes in the South Bronx" Abstract Using proprietary data from customers’ transactions, we estimate the elasticity of demand for check-cashing services.  Our identification strategy exploits two key features of the data: one bank unilaterally reduced its check-cashing fees while its nearby competitors maintained…

Seminars in Economics Alp Atakan (Koc University Turkey)

"Market Selection and the Information Content of Prices" Abstract We study a market in which 2k identical and indivisible objects are allocated to z>2k bidders in two separate markets using uniform-price auctions. Before the auctions, each bidder receives an informative but imperfect signal about the state of the world and chooses one of the two…