Seminars in Economics

Seminars in Economics

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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…

Seminars in Economics Arnaud Dupuy (CEPS, INSTEAD)

"Migration in China: to Work or to Wed?" Abstract Why do people migrate? In this paper we study the trade-offs between migrating to work and migrating to wed. To this aim, we develop a marriage matching model in which men and women, are initially distributed over various locations, i.e. were born and raised in various…

Seminars in Economics Ilse Lindenlaub (EUI)

"Sorting Multidimensional Types: Theory and Application" abstract This paper studies multidimensional matching between workers and jobs. Workers dier in manualand cognitive skills and sort into jobs that demand dierent combinations of these two skills.To study this multidimensional sorting, I develop a theoretical framework that generalizes theunidimensional notion of assortative matching. I derive the equilibrium in…

Seminars in Economics Fabien Postel-Vinay (UCL)

"Did the Job Ladder Fail After the Great Recession?" Abstract We study employment reallocation across heterogeneous employers through the lens of a dynamic job-ladder model, where moreproductive employers spend more hiring effort and are more likely to succeed in hiring because they offer more. As a consequence, anemployer's size is a relevant proxy for productivity. We exploit…

Seminars in Economics Sven Rady (University of Bonn)

"Strongly Symmetric Equilibria in Bandit Games" Abstract This paper studies strongly symmetric equilibria (SSE) in continuous-time games of strategic experimentation with Poisson bandits. SSE payoffs can be studied via two functional equations similar to the HJB equation used for Markov equilibria that they generalize. This is valuable for three reasons. First, these equations retain the…