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Seminars in Economics Roberto Galbiati (CNRS and Sciences Po)

"Earthquakes, Religion, and Institutional Change: Evidence from a Historical Experiment" abstract For a panel of 70 Episcopal see cities (governed by a bishop) over 300 years in the medieval northerncentral Italy, we document that occurrence of an earthquake retarded transition from feudal regime to commune. This evidence is consistent with the idea that shocks heightening people’s religiosity,…

Monday Lunch Seminars Chiara Daniela Pronzato (University of Torino)

"Does Information Matter for Women Decisions? Experimental Evidence from Childcare" abstract Gender stereotypes are well eradicated also among women. Yet, a recent literature suggests that learning from other women experience about the effects of maternal employment on children outcomes may increase female labor force participation. In this paper, we design a survey experiment to provide…

Seminars in Statistics Ron S. Kenett (KPA Ltd., Israel)

Applications of Bayesian Networks to Operational Risks, Healthcare, Biotechnology and Customer Surveys Modelling cause and effect relationships has been a major challenge for statisticians in a wide range of application areas. Bayesian Networks combine graphical analysis with Bayesian analysis to represent descriptive causality maps linking measured and target variables. Such maps can be used for…

Seminars in Economics of Innovation and Knowledge Shiri Breznitz, Georgia Institute of Technology, School of Public Policy; Visiting Fellow, Collegio Carlo Alberto

"Hitting the Target: Analyzing Technology Commercialization Factors" abstract Local and national governments are putting universities under constant pressure to promote economic growth. Commercialization of technology has been identified as the main mechanism by which universities can do this. The literature on technology transfer by universities focuses on internal and external factors that can positively affect…

Seminars in Economics Karl Schlag (University of Vienna)

"Commitments, Intentions, Truth and Nash Equilibria" Abstract Games with multiple Nash equilibria are believed to be easier to play if players can communicate. We present a simple model of communication in games and investigate the importance of when communication takes place. Sending a message before play captures talk about intentions, after play captures talk about…

Monday Lunch Seminars Aleksey Tetenov (Collegio Carlo Alberto)

"Statistical hypothesis testing and private information" Abstract This paper provides a rationalization for using classical one-sided hypothesis tests for approving innovations (e.g., new pharmaceuticals, new government programs). I consider this problem of statistical decision making in a setting where proponents of innovations (i) stand to benefit from approval decisions even if their innovations have a negative effect, (ii) possess private…

Seminars in Statistics Botond Szabo (Eindhoven University of Technology)

On frequentist coverage of Bayesian credible sets Adaptive techniques for nonparametric estimation have been widely stud- ied in the literature and many rate-adaptive results have been provided for a variety of statistical problems. However an adaptive estimator without any knowledge of its uncertainty is rather uninformative, since one knows that the estimator is optimally close…

Seminars in Politics and Society Monica Ferrin Pereira (Collegio Carlo Alberto)

"Types of democrats in Europe. Hierarchy and differences" Abstract Democracy is one of the most problematic concepts in political science, as there is no agreement on how it should be defined and operationalised. Lack of consensus among the theorists has made it difficult to empirically undertake the study of democratic attitudes. In fact, although in the last years much…

Monday Lunch Seminars Giovanna Nicodano, Luca Regis (University of Torino)

"Firm combinations, insolvency and tax policy" abstract This paper examines endogenous default costs in parent subsidiary structures (PS), and their sensitivity to tax policy. We show that PS lead to inefficiently high default costs relative to conglomerates when interest is deductible from taxes, due to their higher leverage. The introduction of intercorporate dividend taxation is…

Monday Lunch Seminars Matteo Richiardi (Universita’ di Torino)

"Rel(a)ying on your team-mates is not enough: On sequential contributions to team production under competition" abstract Many tasks require the input by more than one person very often with members of the team contributing sequentially. However, team production is plagued by disincentive problems. In this paper we investigate individual incentives to team production with sequential contributions and competing teams.…

Distinguished Scientific Lectures Inauguration Ceremony and Onorato Castellino Lecture

at 5:45 pm: Opening Address Pietro Garibaldi at 6:00 pm: Onorato Castellino Lecture Elsa Fornero "Genere e generazioni: una lettura delle recenti riforme" Introduction by Giovanna Nicodano Elsa Fornero is Minister of Labour, Social Policies and Equal Opportunities. Giovanna Nicodano is professor of Financial Economics, University of Torino and Research Fellow, Collegio Carlo Alberto & CeRP. Reservation is required. +39…

Seminars in Economics of Innovation and Knowledge Zak Taylor, Georgia Institute of Technology, Sam Nunn School of International Affairs

"Why are Some Countries Better at Science and Technology than Others?" abstract In order to be effective, must a nation’s political-economic institutions “fit” the cultural values of the society in which they are situated? Many countries, especially in the developing world, adopt foreign institutions with mixed levels of success. Often these institutions are chosen based…

Monday Lunch Seminars Roberto Marfe’ (Swiss Finance Institute and University of Lausanne, Institute of Banking and Finance)

"Realized Expectations and the Equilibrium Risk-Return Trade Off" abstract This paper considers a simple, closed form and parsimonious continuous-time general equilibriummodel with investors featuring “catching up with the Joneses” preferences under incomplete information.Investors have unbiased beliefs about economic growth in the long-run, but underestimatelong-run reversion depending on the evolution of economic conditions as suggested by…