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Monday Lunch Seminars Paolo Ghirardato (Collegio Carlo Alberto) and Daniele Pennesi

"A General Theory of Subjective Mixtures" Abstract We provide a framework for constructing subjective mixtures which requires neither the Certainty Independence nor the Monotonicity axiom, replacing them with much weaker "local'' properties, and which --as we show by means of several examples-- can thus serve as a purely subjective foundation to most of the recent…

Seminars in Economics of Innovation and Knowledge Andrès Rodriguez-Pose (LSE)

"The revenge of places that don’t matter" abstract Persistent poverty, economic decay and lack of opportunities cause discontent in declining regions, while policymakers reason that successful agglomeration economies drive economic dynamism, and that regeneration has failed. This column argues that this disconnect has led many of these ‘places that don’t matter’ to revolt in a…

Seminars in Economics Loriana Pelizzon (Universita Ca Foscari Venice and SAFE-Goethe University Frankfurt)

"Residential mortgage defaults and positive equity: Lessons from Europe" abstract We empirically investigate mortgage default behavior in the European market where mortgages are recourse loans, i.e. borrowers are responsible upon default for the difference between the value of the outstanding debt and the value of the house. We show that the majority of defaults happen…

Monday Lunch Seminars Edoardo Grillo (Collegio Carlo Alberto)

"Dynamic Campaign Spending" Abstract We build a model of electoral campaigning in which two candidates allocate money over time to control the movement of relative popularity. If any gain in a candidate's popularity tends to decay over time (making it harder for the candidate to maintain or increase her lead when she is already ahead)…

Seminars in Economics Giorgio Brunello (University of Padova)

"The Long Term Payoffs of Having Privileged Peers. Evidence from Siblings in School" abstract By comparing siblings attending the same school at different points of time, we estimate the effects of schoolmates’ average parental education on lifetime earnings and other medium and long-term outcomes and investigate whether these effects vary with individual parental education. We…

Occasional Seminars Allievi Defense Session

JUNIOR ALLIEVI 10.00 Pietro BuriTitle: "Prospect Theory and Game Theory"10.30 Emanuele FerroTitle: "The effects of Italian pension reforms: from a defined benefit (DB) to a defined contribution (NDC) system"

Hosted events Presentation of the World Bank Report

Toward a New Social Contract: Taking on Distributional Tensions in Europe and Central Asia LEAD AUTHORS MAURIZIO BUSSOLO, (WORLD BANK) MARIA E. DAVALOS, (WORLD BANK) VITOROCCO PERAGINE, (UNIVERSITÀ DI BARI) RAMYA SUNDARAM, (WORLD BANK) INTRODUCTION: FRANCESCO FIGARI, (UNIVERSITÀ DELL'INSUBRIA, CERP - COLLEGIO CARLO ALBERTO) Please confirm your participation at: https://worldbankreport5october.eventbrite.it