Seminars in Economics

Seminars in Economics

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Seminars in Economics Giorgio Brunello (University of Padova)

"The Long Term Payoffs of Having Privileged Peers. Evidence from Siblings in School" abstract By comparing siblings attending the same school at different points of time, we estimate the effects of schoolmates’ average parental education on lifetime earnings and other medium and long-term outcomes and investigate whether these effects vary with individual parental education. We…

Seminars in Economics Loriana Pelizzon (Universita Ca Foscari Venice and SAFE-Goethe University Frankfurt)

"Residential mortgage defaults and positive equity: Lessons from Europe" abstract We empirically investigate mortgage default behavior in the European market where mortgages are recourse loans, i.e. borrowers are responsible upon default for the difference between the value of the outstanding debt and the value of the house. We show that the majority of defaults happen…

[Academic Events] Seminars in Economics Marcin Kacperczyk (Imperial College London)

"Do Foreign Investors Improve Market Efficiency?" Abstract We study the impact of foreign institutional investors on global capital allocation and welfare using firm-level international data. Using MSCI index inclusion as an exogenous shock to foreign ownership, we show that greater foreign ownership leads to more informative stock prices and this effect arises more from increased…

[Academic Events] Seminars in Economics Peter Norman (UNC)

"Sequential Persuasion" Abstract This paper studies sequential move persuasion games with multiple senders. We use convex analysis to transform a problem with innite action spaces to a nite action model. This way we prove the existence of equilibria by the Zermelo-Kuhn backward induction algorithm, show that equilibrium outcomes are generically unique, and obtain a simple…