Monday Lunch Seminar
"The Best in the Class"
"Measuring the Welfare of Intermediaries in Vertical Markets"
"The payoff to police detective work: Evidence from comparing fatal and nonfatal gunshot cases"
"Hedging Labor Income Risk over the Life-Cycle"
"Aspiration, Inspiration, Perspiration: A Model of Dynamic Project Choice"
"When does an additional stage improve welfare in centralized assignment?"
"Who Sent You? Extreme Voting, Transfers and Bailouts in a Federation"
"An economic theory of differential treatment"
"Competitive Advertising and Pricing"
"Actors in the Child Development Process" Abstract: We construct and estimate a model of child development in which both the parents and children make investments in the child’s skill development. In each period of the development process, partially altruistic parents act as the Stack- elberg leader and the child the follower when setting her own…
"The Development of Non-Standard Preferences"
"The ABCs of Firm Heterogeneity: The Effects of Demand and Cost Differences on Exporting"
"Optimal Project Management joint with Alessandro Bonatti and Juuso Toikka"
"Learning from Interest Rates: Implications for Stock-Market Efficiency"
"Pricing Sin Stocks: Ethical Preference vs. Risk Aversion"
"Towards a General Theory of Vertical Differentiation"
"Does Bankruptcy Risk Increase Value?" Abstract We show that bankruptcy exposure increases ex-post average firm value due to a survivorship bias. The reason is that bankruptcy cancels rms with the lowest realized cash ows from databases. Such bias gives rise to known pricing puzzles. It generates a discount on diversified companies when diversification helps their survival. Moreover, it…
"Open or Close the Door? Prison Conditions and Recidivism" Abstract The question of how prison conditions affect recidivism is very important. In designing a prison system, one would want to know the answer. We estimate the effect on recidivism of replacing time served in a common closed-cell prison with time served in an open-cell one, mimicking an experiment…
"The effects of collective bargaining on employment and growth" Abstract This paper analyses the employment effects of the Italian sectoral wage bargaining system. The study is based on high-frequency, comprehensive and updated information on employment and wages derived from administrative data on private-sector social security contributions, matched with precise information on the economic content of…