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Seminars in Politics and Society Ciara O’Dwyer (Collegio Carlo Alberto)

"Unilateral consensus? Regulatory Negotiation in the Nursing Home Sector" abstract Over the last fifteen years, “regulatory negotiation”, whereby regulated firms and other stakeholders participate in the rule-making process, has gained popularity as part of the Better Regulation movement. Proponents argue that the process increases compliance rates and helps to ensure that the rules are written…

Monday Lunch Seminars Andrei Savochkin (Collegio Carlo Alberto)

"Decision-Making Under Subjective Risk" Abstract: The primary objective of this paper is to develop a framework in which a decision-maker may have subjective beliefs about the "riskiness'' of prospects, even though the risk structure of these prospects is objectively specified. Put differently, we investigate preferences over risky alternatives by postulating that such preferences arise from…

An Chen (Institut für Versicherungswissenschaften, University of Ulm)

"A risk-based premium: what does it mean for DB plan sponsors?" abstract This paper develops a risked-based premium calculation model for the insurance provided by the Pension Benefit Guaranty Corporation (PBGC). It takes account of the pension fund's and the plan sponsor's investment policy and incorporates distress termination triggered by the sponsor's underfunding. We empirically illustrate our theoretical…

Occasional Seminars Damiano Sandri (Economista, Fondo Monetario Internazionale Research Department, World Economic Outlook)

"Gestire un debito pubblico elevato: lezioni da 100 anni di esperienze internazionali" Introduction by Filippo Taddei (Collegio Carlo Alberto) Il seminario si basa sul capitolo terzo del World Economic Outlook. abstract Durante il secolo scorso, numerosi paesi avanzati hanno raggiunto livelli di debito pubblico simili a quelli odierni e vi hanno fatto fronte con diverse…

Monday Lunch Seminars Edoardo Grillo (Collegio Carlo Alberto)

"Reference Dependence and Electoral Competition" abstract "We consider a model of electoral competition in which two parties compete to get the support of a mass of voters. Each party is represented by a politician whose valence is unobservable. All voters prefer politicians with high valence, but ideological biases may lead them to vote according to party's affiliation. Candidates can…

Monday Lunch Seminars Jeffrey Ely (Northwestern University), Daniel Garrett (Toulouse School of Economics), Toomas Hinnosaar (Collegio Carlo Alberto)

"Overbooking" Abstract We consider optimal pricing policies for airlines when passengers are uncertain at the time of ticketing of their eventual realized willingness to pay for air travel. Auctions at the time of departure efficiently allocate space and a profit maximizing airline can capitalize on these gains by overbooking flights and repurchasing excess tickets from…

Rasmus Lentz (University of Wisconsin)

"An Equilibrium Model of Wage Dispersion and Sorting" Abstract The paper studies contributions to wage dispersion in a model that allows for sorting in firm-worker matches. The model is a general equilibrium on-the-job search model with wage formation similar to that of Cahuc et al. (2006). Workers differ in their permanent skill level and firms…

Occasional Seminars An Overview of Longevity and Longevity Risk Management Research

Michael Sherris Professor of Actuarial StudiesChief Investigator, CEPAR (ARC Centre of Excellence in Population Ageing)Australian School of Business, Risk and Actuarial StudiesUniversity of New South Wales, Sydney Download Presentation La partecipazione è libera. Si chiede cortesemente di confermare la propria presenza a chiara.girotti@carloalberto.org - tel 0116705060. Sign up: click here Abstract: This presentation provides an overview of research results on…