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Research Seminars

Kevin Roshak (Bag Lunch)

September 23, 2014

“Can Looser Accounting Standards Alleviate Short-termism? Evidence from Mortgage Restructurings after the JOBS Act.”
12:15 PM - 1:15 PM

Pinghan Liang (Brown Bag Seminar Series)

September 23, 2014

Associate Professor  |  RIEM, Southwestern University of Finance and Economics
 
Presentation Title:

"Information, Control, and Government Oversizing: Unintended Consequences of Checks and Balances in a One-party System"
Abstract:
In the past two decades, the size of Chinese government attains remarkably rapid expansion, in spite of repeated downsizing campaigns initiated by the central government. This paper suggests that the internal checks and balances within local leadership might be responsible for oversizing government. We exploit the institutional features of CCP local standing committee (SC), the de facto decision-making body in each level, and construct an index to describe the constraints on chief executives (Party secretaries) by other SC members. It is shown that more internal constraints on Party secretaries are associated with more senior positions, and this association entirely disappears when the Party secretary enjoys substantial real or formal authority, or is promoted locally. It is further demonstrated that one standard deviation increase in senior positions is associated with a 13% increase in public sector employment. Government oversizing is correlated with larger size of SOE, more corruption, and less private investment. We propose two mechanism based on either information asymmetry or bargaining with SC to explain this pattern.

Andres Liberman (Finance Seminar Series)

September 24, 2014

NYU Stern
"Trade Credit and Organizational Form: Evidence from the Regulation of Buyer-Supplier Contracts"

Jacobs G45
11:30am - 12:45pm

Ilan Lobel (Operations Seminars)

September 24, 2014

NYU
Topic TBA
12:15-1:15pm, Jacobs Center Room 561

David Dillenberger (CMS-EMS Theory Workshops)

September 24, 2014

University of Pennsylvania
"Cautious Expected Utility and the Certainty Effect"
3:30PM - 5:00PM - Jacobs Room 3245

Josh Cherry (CMS-EMS Bag Lunches)

September 25, 2014

NU Kellogg MEDS Dept.
Relative Likelihood Equilibrium
12:15 PM - 1:15 PM, Jacobs Center G44

Vidya Kamate (Bag Lunch)

September 30, 2014

Paper: TBA
12:15 PM - 1:15 PM

R. Andrew Butters (Brown Bag Seminar Series)

September 30, 2014

Presentation Title:

"Demand Volatility, Temporal Aggregation, and Productivity"
Abstract:
I explore the extent temporal aggregation masking demand volatility differences is responsible for measured productivity variation across firms by examining productivity measures of hotels and airlines. Temporal aggregation resulting from sampling procedures prevents differences in demand volatility within the sampling period from being used when measuring productivity. Differences in annual demand volatility explain as much as 50 percent of the measured productivity variation of hotels at the market-segment-year level, and none of the productivity variation of airlines at the destination level. I conclude productivity measures are sensitive to the size of adjustment costs within typical sampling frequencies.

Bill Skimmyhorn (Finance Seminar Series)

October 01, 2014

West Point (USMA)
Topic TBD

Jacobs G45
11:30am - 12:45pm

Joshua Gottlieb (Strategy Seminar)

October 01, 2014

University of British Columbia
TBD
1:30-3:00 p.m. Jacobs Center Room 619

Selena Cai (Bag Lunch)

October 07, 2014

Paper: TBA
12:15 PM - 1:15 PM

Anthony Wray (Brown Bag Seminar Series)

October 07, 2014

Presentation Title:

"The persistence of poverty: Childhood health and economic outcomes in London, 1871-1911"
Abstract:
TBA

Marianne Andries (Finance Seminar Series)

October 08, 2014

Toulouse School of Economics
Topic: TBD

Jacobs G45
11:30am - 12:45pm

Kevin Tseng (Bag Lunch)

October 14, 2014

"Knowledge Diffusion and Asset Prices"
12:15 PM - 1:15 PM

Yasin Ozcan (Brown Bag Seminar Series)

October 14, 2014

 Presentation Title & Abstract:

TBA

Saki Bigio (Finance Seminar Series)

October 15, 2014

Columbia
Topic: TBD

Jacobs G45
11:30am - 12:45pm

Luis Rayo (Strategy Seminar)

October 15, 2014

University of Utah
TBD
1:30-3:00 p.m. Jacobs Center Room 619

Andy Neuhierl (Bag Lunch)

October 21, 2014

“Trend Following Strategies in Commodity Markets and the Impact of Financialization”
12:15 PM - 1:15 PM

Dan Barron & Mike Powell (Brown Bag Seminar Series)

October 21, 2014

Presentation Title:

"Policy Commitments in Relational Contracts"
Abstract:
How should an organization choose policies to strengthen its relationships with employees and partners? We explore how biased policies arise in relational contracts using a flexible dynamic game between a principal and several agents with unrestricted vertical transfers and symmetric information. If relationships are publicly observed, then optimal policies are never biased---they are always chosen to maximize total continuation surplus. In contrast, if relationships are bilateral---each agent observes only his own output and pay---then the principal may systematically choose backward-looking, history-dependent policies to credibly reward an agent who performed well in the past. We first show that biased policies are prevalent in a broad class of settings. Then we argue that biases can manifest in interesting ways in a variety of simple examples. For instance, hiring may lag demand following a recession, investments may be delayed and awarded inefficiently, and allocation decisions may "stick with" an inefficient worker.

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