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Seminars in Economics Larry Samuelson (Yale University)

"Reputation with Analogical Reasoning" Abstract We consider a repeated interaction between a long-run player and a sequence of short-run players, in which the long-run player may either be rational or may be a mechanical type who plays the same (possibly mixed) action in every stage game. We depart from the classical model, exemplied by Fudenberg…

Seminars in Statistics Antonio Colangelo (European Central Bank)

Banks' Balance Sheet Statistics and Financial Flows in the Euro Area The analysis of money and credit developments is core to the conduct of monetary policy. Those statistics are constructed in the euro area starting from the balance sheets of resident banks. By appropriately netting banks' cross-positions in the euro area, aggregated positions are identified…

Job Market Seminars Edoardo Grillo (Princeton University)

"Reference Dependence, Risky Projects and Credible Information Transmission" abstract We consider the interaction between an informed agent (A) who can make announcements concerning the information she has and an uninformed agent (B) who has to decide whether to start a project or not. We study the role that reference dependence and loss aversion may play…

Job Market Seminars Andrea Tesei (Universitat Pompeu Fabra)

"Racial Fragmentation, Income Inequality and Social Capital Formation: New Evidence from the US" abstract Existing studies of social capital formation in US metropolitan areas have found that social capital is lower when there is more income inequality and greater racial fragmentation. I add to this literature by examining the role of income inequality between racial…

Job Market Seminars Toomas Hinnosaar (Northwestern University)

"Calendar Mechanisms" abstract I study a repeated mechanism design problem where a revenue-maximizing monopolist sells a fixed number of service slots to randomly arriving buyers with private values and increasing exit rates. In addition to characterizing the fully optimal mechanism, I study the optimal mechanisms in two restricted classes. First, the pure calendar mechanism, where…

Job Market Seminars Giuseppe Fiori (Universidade de São Paulo)

"The Macroeconomic Effects of Goods and Labor Markets Deregulation" abstract We develop a dynamic stochastic general equilibrium model with endogenous producer entry and labor market frictions to study the macroeconomic effects of deregulating product and labor markets in Europe. Three results emerge. First, deregulation has positive welfare effects, but it can involve short-run costs, including…

Job Market Seminars Michael Richter (New York University)

"Mechanism Design With Budget Constraints and a Continuum of Agents" abstract This paper studies mechanisms for assigning a divisible good to a population of budget-constrained agents where agents' private valuations and budgetsare independently distributed. In this setting, I nd the welfare- and revenue-maximizing mechanisms for assigning the good. Both of these optimal mecha-nisms feature a…

Occasional Seminars Francesca Pongiglione (University of Bologna)

"Climate change and individual decision-making" abstract In this presentation, three separate yet interconnected components of pro-environmental decision making are considered: (a) knowledge, in the form of scientific understanding and procedural knowledge, (b) risk perception, and (c) self-interest, either monetary or status-driven. Drawing on a variety of sources in public policy, psychology, and economics, I examine…