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Monday Lunch Seminars Stefano Sacchetto (IESE)

"How Costly Are External Financing and Agency for Private Firms?" abstract We estimate the magnitude of external financing costs and manager-shareholder conflicts for large U.S. private firms, and compare the results of the estimation to those from a sample of comparable public firms. Large private firms face marginal equity issuance costs for the first million…

[Academic Events] Workshop Workshop: “Markets with Informational Asymmetries”

Friday DECEMBER 1ST 9:00 9:25 Welcome coffee 9:25 9:30 Welcome address 9:30 10:40 Michael Ostrovsky (Stanford University) "Quadratic Games" 10:40 11:00 Coffee break 11:00 12:10 Ayca Kaya (University of Miami) "Uncertainty-Driven Cooperation" 12:10 13:20 Toomas Hinnosaar (Collegio Carlo Alberto) "Dynamic common-value contests" 13:20 14:20 Lunch 14:40 15:50 Vasiliki Skreta (University College London) "Information Design under Falsification" 15:50 16:20 Coffee break 16:20 17:30…

Monday Lunch Seminars Carolina Fugazza (Università di Torino)

"A Life-Cycle Model with Unemployment Traps" abstract The Great Recession has highlighted that long-term unemployment may become a trap with loss of human capital. This paper extends the life-cycle model allowing for a small risk of long-term unemployment with permanent effects on labour income. Such nonlinear income risk dampens both early consumption and early investment…

Occasional Seminars Allievi Defense Session

JUNIOR ALLIEVI 9.30 Pietro Ramella Title: The Lotka-Volterra model 10.00 Elisabetta Cappa Title: "The Effects of Public Debt on Economic Growth: the Reinhart-Rogoff Controversy" SENIOR ALLIEVI 10.30 Giulia OddoneTitle: Political competition with imperfectly informed voters 11.15 Simona Giglioli Title: The Effects of Monetary Policy with Heterogeneous Agent Models 12.00 Marco Schiavone Title: Stock return response to monetary policy shocks -…

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…

Monday Lunch Seminars Ainhoa Aparicio Fenoll (Collegio Carlo Alberto)

"Do parents know their children's ability? Evidence from parental choice of school starting age" ABSTRACT Parental ability to make optimal decisions about their children's education depend on whether parents are aware of the ability of their children. We investigate whether this is the case by means of a quasi-natural experiment: in Italy parents can choose…

Seminars in Statistics Ester Mariucci (Humboldt-Universität zu Berlin)

Wasserstein distances and other metrics for discretely observed Lévy processes We present some upper bounds for the Wasserstein distance of order p between the product measures associated with the increments of Lévy processes with possibly infinite Lévy measures. As an application, we derive an upper bound for the total variation distance between the marginals of…

Seminars in Politics and Society Pekka Sulkunen (Università of Helsinki)

"Common Good, Common Interest – Public Good, Public Interest. What Do We Promote (and Prevent) with Lifestyle Regulation Policies?" abstract Lifestyle risks account for a major part of the global burden on health as well as on welfare and security. The oldest part of welfare state institutions and policies have been directed at lifestyle issues:…