Monday Lunch Seminar
"How big data may explicitly show the usefulness of complex systems methods in economics"
"Violence Against Journalists and Freedom of the Press: Evidence from Mexico"
"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…