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Seminars in Economics of Innovation and Knowledge Marco Corsino, Università di Bologna

"External collaborations, on-the-job autonomy and the propensity to use patents to create new firms" abstract We analyze patent spinoffs by looking at the organizational characteristics of the parent organization, i.e. the firm where the patented invention has occurred. Understanding the origin of new technology ventures is important because they are the engine of creative destruction…

Seminars in Statistics Fabrizia Mealli (University of Florence)

Using secondary outcomes and covariates to sharpen inference in randomized experiments with noncompliance Restrictions implied by the randomization of treatment assignment on the joint distribution of a primary outcome and an auxiliary variable are used to tighten nonparametric bounds for intention-to-treat effects on the primary outcome for some latent subpopulations, without requiring the exclusion restriction…

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…