Seminar in Economics
"Keeping the Listener Engaged: a Dynamic Model of Bayesian Persuasion"
"The Political Economy of Medicaid: Partisanship, Eligibility, and the Consequences of Cost-Saving Measures" Abstract: We explore the linkages between government ideology in U.S. states and geographic variation in Medicaid program design and operations. Medicaid eligibility criteria tend to be more generous in liberal states. Simultaneously, fee-for-service reimbursement rates for physician services have been notably lower…
"Robust Monopoly Regulation" Abstract: We study the regulation of a monopolistic ﬁrm using a non-Bayesian approach. We derive the policy that minimizes the regulator’s worst-case regret, where regret is the diﬀerence between the regulator’s complete-information payoﬀ and his realized payoﬀ. When the regulator’s payoﬀ is consumers’ surplus, he imposes a price cap. When his payoﬀ…
"Convexity dominates risk premia in long-term forward rates"
"J’Accuse...! Antisemitism and Financial Markets in 19th Century France"
“Foreign Exchange Volume”