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Seminars in Economics Francesco Sangiorgi (Frankfurt School)

"Why is capital slow moving? Liquidity hysteresis and the dynamics of limited arbitrage" Abstract Will arbitrage capital flow into a market experiencing a liquidity shock, mitigating the adverse effect of the shock on liquidity? Using a stochastic dynamic model of equilibrium pricing with privately informed capital-constrained arbitrageurs, we show that arbitrage capital may actually flow…

Seminars in Politics and Society Karoly Takacs (Corvinus, University of Budapest)

"Dynamics of Multiplex Networks in Schools" abstract Previous research has looked at the dynamics of social networks mainly in the context of friendship relations. In this seminar, the benefits of studying social network dynamics in multiplex dimensions are illustrated using social network panel data from Hungarian schools. By taking into account positive as well as…

Seminars in Politics and Society Sandro Cattacin (Université de Genève)

"Unexpected Inclusions: Migration, Mobility and the Open City" abstract Self-organisation of migrant association, independent civil society initiatives and established ritualised practices of inclusion in the city occur outside formal migration and integration policies and improve the dynamics of belonging and peaceful coexistence between the established and newcomers. Rather than crisis discourses, we are interested in routinised…

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…