Ascensión Andina-Díaz (UMA) – Institutional flexibility, political alternation and middle-of-the-road policies

Empirical observation shows that policies are usually gradually introduced in a society. This paper presents a model of repeated elections that captures this phenomenon, and that allows countries to differ in their institutional flexibility, thus in the speed of implementation of new policies. We show that with gradual implementation of policies there is an incentive…

Rosa Ferrer (UPF) – Consumers’ costly response to product-harm crises

Using an ideal setting from a major food safety crisis, we estimate a full demand model for the unsafe product and its substitutes and recover consumers’ preference parameters. Counterfactual exercises quantify the relevance of different mechanisms –changes in safety perceptions, idiosyncratic tastes, nutritional characteristics, and prices–driving consumers’ response. We find that consumers’ reaction is limited…

David Nagy (UPF and Princeton) – City Location and Economic Development

Abstract:I present a dynamic model of the U.S. economy with trade, labor mobility, endogenous growth and realistic geography to examine the relationship between spatial frictions, city formation and aggregate development. In the model, a subset of locations endogenously specialize in innovative industries that are subject to economies of scale. This leads to the formation and…

Seminario 19/4: Carlos Vidal Meliá (Universidad de Valencia) Cuentas nocionales, jubilación y dependencia: algunas ideas innovadoras.

Budget

Para poder seguir el seminario, usad el siguiente link (no hace falta autentificación) https://canal.uned.es/live/event/5c35a9fdb1111fd1708b4567 Habrá una grabación para que puedan efectuar la tarea aquellos que no se puedan conectar.  

Seminario 19/3: Luís Corchón (Universidad Carlos III de Madrid) – Two remarks on consumer surplus

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Abstract: In this paper we investigate the use of consumer surplus in monopoly when the consumption of the outside good cannot be smaller than a certain number and when the weights given in the social welfare function to consumers and the firm are different. We assume quasi-linear utility and constant returns to scale. We find…

Seminario 19/2: Juan Vicente Llinares (UM) and Susana Álvarez (UM) – A New Index to Measure Educational Poverty and its Application to the OECD countries from PISA 2009 – 2015

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Abstract: The consequences that educational underperformance has on both individuals and society as a whole lead policy makers and planners to focus on how to measure it properly. The aim of this paper is to propose an index to measure educational poverty which, taking as a starting point the economic literature on multidimensional poverty measurement,…

Seminario: Daniel Gallardo-Albarrán (University of Groningen) – Beyond optimism and pessimism: A composite perspective on British living standards during the industrial revolution

Abstract Few topics in economic history have received more attention than the profound transformations undergone by Great Britain during the 18th and 19th century. Even though the positive outcomes of this process for human living standards nowadays are not disputed, the same does not apply to the century spanning from 1750 to 1850 in Great…

Seminario: Manuel Pérez García (Shanghai Jiao Tong University) – GECEM Project Database: State Capacity, Overseas Trade and Consumption in Qing China and Imperial Spain (1680-1796)

Abstract Global History, as a theoretical framework, has been in constant evolution during the last few years. Nevertheless, as the discipline reaches its maturity, the need to push the boundaries of the field becomes clearer; global historians need to avoid the stagnation of the debate by implementing research agendas that incorporate archival sources coming from…

Seminario 19/1: Alfonso Rosa García (UCAM) -Coopetition: a group contest with inversely proportional prize-sharing

Coopetition

Abstract A general finding in group contest is that there is an over-expenditure of effort, that is contests between groups generate very high individual efforts (and little free riding) compared to theoretical predictions. However, in the literature the way that the prize is shared ranges only between proportional sharing to egalitarian sharing. In many environments…

Seminario 18/24: Vita Zhukova (UCAM) – The Role of Firms’ Trustworthiness in Business Angels’ Investment. Experimental Evidence from 3-player Trust Game

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Business Angels are private individuals who invest their personal financial resources in new and growing small firms. To study Business Angels’decisions we design an experiment based on the Trust Game (Berg et al., 1995) and add a third party, the Business Angel, who decides whether and how much to invest in a firm that is…