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Seminars in Economics Giovanni Peri (University of California, Davis)

"The Effect of International Trade and Migration on Income" abstract This paper explores the relationship between economic openness and income per person using crosscountry data. To address endogeneity concerns we extend the instrumental-variables strategy first usedby Frankel and Romer (1999). First, we show that geographic characteristics, relative to the location of acountry are successful in…

Monday Lunch Seminars Paolo Buonanno (University of Bergamo)

"On the Historical and Geographic Origins of the Sicilian Mafia" Abstract     This research attempts to explain the large differences in the early diffusion of the mafia across different areas of Sicily. We advance the hypothesis that, after the demise of Sicilian feudalism, the lack of publicly provided property-right protection from widespread banditry favored the development…

Seminars in Economics Andrew Chesher (University College London)

"Structural Econometrics with Discrete Outcomes" abstract Discrete outcomes are ubiquitous in econometrics. Much information about human behaviour in response to economic stimuli and motivations is provided by data recording variously: choices amongst discrete, ordered or unordered alternatives, attitudes, preferences and strengths of response recorded on ordinal scales, counts of occurrences of events, and so forth.…

Monday Lunch Seminars Valeria Miceli (Università Cattolica del Sacro Cuore)

"Do Sovereign Wealth Funds Herd in Equity Markets?" abstract With $4.4 trillion of assets at end-2010, feared and courted by governments all over the world, characterized by low levels of transparency and often accused of hidden motivations, sovereign wealth funds (SWFs) are today among the most controversial players in global financial markets. SWFs are government…

CarloAlberto Outreach (past events) 2nd Carlo Alberto Stochastics Workshop

The "Carlo Alberto Stochastics Workshops" are a series of workshops held at Collegio Carlo Alberto as part of the "de Castro" Statistics Initiative. The 2nd edition will take place on March, 23, 2012, and the meeting aims at presenting some of the latest advances on ALGEBRAIC STATISTICS IN ESTIMABILITY. In the last decade, the use of…

Seminars in Economics Juuso Toikka (Massachusetts Institute of Technology)

"Efficiency in Games with Markovian Private Information" (joint with Juan Escobar) abstract We study repeated Bayesian n-player games in which the players' privately known types evolve according to an irreducible Markov chain, type transitions are independent across players, and players have private values. Our main result shows that, with communication, any Pareto-efficient payoff vector above a minmax value can…

Monday Lunch Seminars Marina Di Giacomo (Università di Torino)

"Bilateral Trust and the Ownership Structure of Foreign Direct Investments: Evidence from European Firm Level Data" abstract It is often argued that the foreign direct investments (FDIs) have positive effects on host countries. In particular, multinationals tend to have some competitive advantage based on superior technology or other firm-specic knowledge and, therefore, inward FDIs are…

Seminars in Statistics Matthias Birkner (Johannes Gutenberg University Mainz, Germany)

Ancestral lineages under local regulation The spatial embeddings of genealogies in models with fluctuating population sizes and local regulation are relatively complicated random walks in a space-time dependent random environment. They seem presently not well understood. We use the supercritical discrete-time contact process on Z^d as the simplest non-trivial example of a locally regulated population…