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Sarah Brown (University of Sheffield)

"The Saving Behaviour of Children: Analysis of British Panel Data" Abstract We explore the influences on the saving behaviour of children aged 11 to15 using panel data drawn from the British Household Panel Survey Youth Questionnaire. Our empirical findings suggest that parental allowances/pocket money exert a moderating influence on the probability that a child will…

Seminars in Economics of Innovation and Knowledge Josh Whitford (Columbia University, New York)

"Pragmatism, practice, and the boundaries of organization" Abstract The article uses a longitudinal qualitative analysis of key transitions in the relationship between Fiat Auto and a major supplier to challenge conventional approaches to the study of activities at the boundary between organizations. It shows, in particular, that scholars focused on the importance of "modular" product…

Monday Lunch Seminars Elisa Luciano (Collegio Carlo Alberto & Università di Torino)

"Equilibrium price of immediacy and infrequent trade" abstract The paper studies the equilibrium value of bid-ask spreads and time-to-trade in a continuous-time, intermediated financial market. The endogenous spreads are the price at which brokers are willing to offer immediacy. In case intermediaries pay trading costs, it includes them too. We determine equilibrium trading policies, returns…

Seminars in Statistics Natalia Bochkina (University of Edinburgh)

The Bernstein - von Mises theorem: relaxing its assumptions and extending it to nonregular models The Bernstein - von Mises theorem is an important result in Bayesian asymptotics, giving conditions under which the posterior distribution of a finite-dimensional parameter can be approximated by the Gaussian distribution. On one hand, this result quantifies consistency and efficiency…

Monday Lunch Seminars David Rivers (University of Western Ontario)

"On the Identification of Production Functions: HowHeterogeneous is Productivity?" (Note: the seminar is on Thursday) abstract The estimation of production functions suffers from an unresolved identification problem caused by flexible inputs, such as intermediate inputs. We develop an identification strategy for production functions based on a transformation of the firm’s short-run first order condition that solves…

Seminars in Economics Antonella Trigari (Università Bocconi)

"Financial Markets and Unemployment" abstract We study the importance of financial markets for (un)employment fluctuations in a model with matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The transmission mechanism of `credit shocks' is different from the typical…

Seminars in Statistics Alessandra Giovagnoli (University of Bologna)

Design of experiments: from physical to simulated Since Fisher’s times, the principles for planning scientific experiments correctly have been at the heart of the statistical debate. This is particularly important in a clinical context, for ethical as well as inferential reasons. After a brief excursus through the history of experimental design, this presentation will deal…