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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…

Seminars in Economics of Innovation and Knowledge Alessandra Voena, Kennedy School of Government, Harvard University

"German-Jewish Emigres and U.S. Invention" abstract After Hitler took power in 1933, scientists who had at least one Jewish grandparent were dismissed from German universities.  Many of them moved to the United States; their patents make it possible to trace research fields in which U.S. invention benefited from the arrival of German-Jewish émigrés.  Difference-in-differences analyses compare changes…

Seminars in Economics Jakub Kastl (Stanford University)

"The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds" Abstract We study European banks’ demand for short-term funds (liquidity) during the summer 2007 subprime market crisis. We use bidding data from the European Central Bank’s auctions for one-week loans, their main channel of monetary policy implementation. Our analysis…