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Collegio Aperto Collegio aperto: “Il problema educativo nello scenario internazionale”

Piero Cipollone (Banca d’Italia) Introduction by: Anna Maria Poggi (Fondazione per la Scuola della Compagnia di San Paolo) abstract Il 2015 è l’anno entro il quale si dovevano raggiungere i Millennium Development Goals (MDGs), cioè l’anno in cui dovevano vedersi i frutti finali degli impegni che la comunità internazionale aveva assunto all’alba del nuovo millennio…

Seminars in Politics and Society Klaus Armigeon (University of Bern) and Stefano Sacchi (University of Milan)

"Three ways to Austerity" Abstract In 2010-2014, 26 of 31 democratic countries pursued austerity: they consolidated a lean state (Switzerland) or planned to cut back deficits (25 nations, among them Germany, Portugal and Italy). Why do democratic governments embark on austerity policies? A statistical analysis shows that the extent of deficits change is mainly a…

Seminars in Economics Gyongyi Loranth (University of Vienna)

"Multinational Banks and Supranational Supervision" Abstract We study the supervision of multinational banks (MNBs), allowing both for national and supranational supervisions. National supervision leads to insuffi cient monitoring of MNBs due to a coordination problem between supervisors. Supranational supervision solves this problem and generates more monitoring. However, this increased monitoring can have unintended consequences, as it also aff ects…

Seminars in Economics Jeff Ely (Nothwestern University)

"Dynamic Multi-Agent Persuasion" abstract I study dynamic persuasion mechanisms with multiple agents.  A principal privately observes the evolution of a stochastic process and sends messages over time to strategically interacting agents.  Filtering information allows the principal to control beliefs and higher order beliefs, thereby influencing the behavior of agents.  In a stylized example of a…

Seminars in Economics Rachel Griffith (IFS)

"Estimating Demand Parameters with Choice Set Misspecication" abstract We describe methods to estimate demand parameters in the presence of choice set misspeci-cation due to unobserved individual choice sets. We show that a consumer's probability ofmaking a choice from her true choice set can be written as the probability she makes the samechoice from a universal…

Monday Lunch Seminars Aleksey Tetenov (Collegio Carlo Alberto)

"Equality-Minded Treatment Choice" ABSTRACT Empirical studies in program evaluation often concern policies that aim to reduce economic inequality in the population. A utilitarian policy maximizing the sum of individual outcomes in the population may not be the best choice if it magnifies economic inequality and post-treatment redistribution of income among the subjects is infeasible. This…

Seminars in Economics of Innovation and Knowledge Gaetan de Rassenfosse (Ecole Polytechnique Federale de Lousanne)

"R&D offshoring and home industry productivity" abstract We examine the conditions under which offshoring research and development (R&D) activities can benefit home country industry. The analysis uses comprehensive patent based indicator of R&D offshoring and considers industry-level data covering 2-digit manufacturing sectors across 18 OECD countries between 1981 and 2007. We tackle the issue of…

Seminars in Economics Andrea Weber (University of Mannheim)

"Does Extending Unemployment Benefits Improve Job Quality?" abstract Contrary to standard search model predictions, prior studies failed to estimate a positive effectof unemployment insurance (UI) on reemployment wages. This paper estimates a positive UIwage effect exploiting an age-based regression discontinuity in Austrian administrative data. Asearch model incorporating duration dependence determines the UI wage effect as…

Monday Lunch Seminars Morris Kleiner (University of Minnesota)

"Analyzing the Influence of Occupational Licensing Duration on Labor Market Outcomes" ABSTRACT We analyze the labor market influence of the duration of occupational licensing statutes for eleven major universally licensed occupations in the U.S. Time from the start of state occupational licensing (i.e. licensing duration) may matter in influencing labor market outcomes. States usually enact…

Seminars in Politics and Society Moreno Mancosu (Collegio Carlo Alberto)

"The strength of weak political ties: Discussion networks and the diffusion of Movimento 5 Stelle in 2013 Italian Elections" Abstract The article aims to analyze the development of vote intentions for a new populist party, Movimento 5 Stelle (the 5 Star Movement), during the campaign for the 2013 Italian general election. The party, headed by…

Monday Lunch Seminars Toomas Hinnosaar (Collegio Carlo Alberto)

"On the impossibility of protecting risk-takers" Abstract Risk-neutral sellers can extract high profits from risk-loving buyers by selling them lotteries. To limit risk-taking, gambling is heavily regulated in most countries. I show that protecting risk-loving buyers is essentially impossible. Even if buyers are risk-loving only asymptotically, the seller can construct a nonrandom winner-pays auction that ensures unbounded profits. Buyers are asymptotically…