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Seminars in Economics Antonio Guarino (UCL)

"Transaction Tax and the Information Efficiency of Financial Markets: A Structural Estimation" abstract We study the effect of a transaction tax on the trading activity of a security. In our model there are informed traders, who receive private information on the value of a security, and noise traders who trade for liquidity reasons. Through a…

Monday Lunch Seminars Edmund Cannon (University of Bristol)

"Surprising selection effects in the UK car insurance market" Abstract We document a large and persistent anomaly in the UK car insurance market over the period 2012-13: insurance companies charged higher premiums for third-party (liability) insurance than comprehensive insurance (where the latter includes third-party). In addition, some companies charged higher prices for comprehensive policies with…

Occasional Seminars Allievi Program Defense Sessions April 2014

9.30 Marta Bruschi "Does business cycle matter for labor market reform? Theory and evidence" 11.00 Federico Petri "Home decisions, homeownership and price volatility" 12.00 Ilaria Febbo "Sustainable high dividend yield portfolio strategy and loss aversion" 13.00 Valentina Garella "Does The Publication Of School Rankings Influence Students' Choices? An Empirical Analysis On Data From Piedmont" 14.00 Stefano Pietrosanti "Financial Sector Stability: a…

Seminars in Statistics Judith Rousseau (Université Paris Dauphine)

Behaviour of the posterior distribution in HMM models when the number of states is misspecified In this paper we study the asymptotic behaviour of the posterior distribution for parametric HMM models with finite number of components. We concentrate in particular on the case where the number of states of the hidden Markov chain in the…