Working papers
IGIER fellows and affiliates publish books and articles in academic journals. Their current research projects are featured in the Working Paper series.
2016 - n° 588
P. Battigalli,A. Francetich, G. Lanzani, M. Marinacci
2016 - n° 586
Massimo Guidolin and Manuela Pedio
Keywords: Contagion channels, Markov switching models, vector autoregressions, impulse response function, flight-to-quality, flight-to-liquidity, risk premium
2016 - n° 585
Roberto Casarin, Claudia Foroni, Massimiliano Marcellino, and Francesco Ravazzolo
Keywords: dynamic panel model, mixed-frequency, Markov switching, Bayesian inference, MCMC
2016 - n° 584
Chiara Fumagalli and Massimo Motta
Keywords: Market-Share Discounts, Inefficient Foreclosure, Exclusive Dealing, Antitrust Policy
2016 - n° 583
Luigi Mittone, Fabrizio Panebianco, Alessandro Santoro
Keywords: Bomb-crater effect, Bayesian Updating, Behavioral Duality
2016 - n° 582
Giacinta Cestone, Chiara Fumagalli, Francis Kramarz, Giovanni Pica
Keywords: Internal Labor Markets, Organizations, Business Groups
2016 - n° 581
Massimo Marinacci and Federico Severino
Keywords: no arbitrage pricing; weak time-derivative; martingale component; special semimartingales; stochastic interest rates
2016 - n° 580
Pascaline Dupas, Dean Karlan, Jonathan Robinson, and Diego Ubfal
Keywords: financial access; savings; banking; micro-finance; field experiment; multicountry; Uganda; Malawi; Chile
2016 - n° 579
Fabrizio Panebianco, Thierry Verdier, Yves Zenou
Keywords: Networks, diffusion centrality, targets, innovation
2016 - n° 578
S. Cerreia-Vioglio, F. Maccheroni, and M. Marinacci
2016 - n° 577
S. Cerreia-Vioglio, F. Maccheroni, and M. Marinacci
2016 - n° 576
Loic Berger and Valentina Bosetti
Keywords: Ambiguity aversion, model uncertainty, reduction of compound lotteries, nonexpected utility, subjective probabilities, decreasing absolute ambiguity aversion
2016 - n° 575
Vincenzo Galasso and Tommaso Nannicini
Keywords: gender differences, political campaigns, randomized controlled trials, competitive persuasion
2016 - n° 574
Pamela Giustinelli and Nicola Pavoni
Keywords: Subjective Beliefs, Learning under Ambiguity and Limited Awareness, School Choice
2016 - n° 573
P. Battigalli, S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci, T. Sargent
Keywords: Self-confirming equilibrium, partial identification, monetary policy
2016 - n° 572
Christine Ho, Nicola Pavoni
Keywords: optimal taxation, asymmetric information, child care subsid ies
2016 - n° 571
Guido Alfani
Keywords: Economic inequality; wealth concentration; richness; top wealthy; middle ages; early modern period; Italy; Low Countries; Catalonia; Black Death; property structures
2016 - n° 570
Valentina Aprigliano, Claudia Foroni, Massimiliano Marcellino, Gianluigi Mazzi, Fabrizio Venditti
Keywords: Nowcasting, mixed-frequency data
2016 - n° 569
Piera Bello and Vincenzo Galasso
2016 - n° 567
Daniele Bianchi, Massimo Guidolin, Francesco Ravazzolo
Keywords: I-CAPM, Mispricing, REIT, Model Uncertainty, Stochastic Breaks, Bayesian Econometrics
2015 - n° 566
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci
2015 - n° 565
Alejandro Bernales and Massimo Guidolin
Keywords: option pricing, rational learning, Bayesian updating, implied volatility, predictability
2015 - n° 564
Eliana La Ferrara
2015 - n° 563
Giacomo Rodano, Nicolas Serrano-Velarde, Emanuele Tarantino
Keywords: Credit Cycles; Financial Contracts; Credit Rationing; Real Activity
2015 - n° 562
Massimo Guidolin, Alexei G. Orlov and Manuela Pedio
Keywords: Unconventional monetary policy, corporate bonds, term structure of Treasury yields, impulse response function, Markov swit ching vector autoregression
2015 - n° 561
S. Cerreia-Vioglio, F. Maccheroni, and M. Marinacci
2015 - n° 560
Gabriele Gratton, Luigi Guiso, Claudio Michelacci and Massimo Morelli
2015 - n° 559
Filip Matejka and Guido Tabellini
2015 - n° 558
A. Carriero, G. Kapetanios, and M. Marcellino
Keywords: Instrumental Variable Estimation, 2SLS, Shrinkage, Bayesian Regression J
2015 - n° 557
Guido Alfani and Wouter Ryckbosch
Keywords: Economic inequality; early modern period; Sabaudian State; Florentine State; Italy; Low Countries; Belgium; The Netherlands; inequality extraction; wealth concentration; fiscal state; proletarianization
2015 - n° 556
E. Borgonovo, V. Cappelli, F. Maccheroni, M. Marinacci
2015 - n° 555
Florin Bilbiie, Tommaso Monacelli, Roberto Perotti
Keywords: Government spending multiplier, zero lower bound, welfare
2015 - n° 554
Diego Ubfal
Keywords: time preferences, good-specific discounting, narrow-bracketing, selfcontrol problems, poverty traps
2015 - n° 552
Joshua B. Miller and Adam Sanjurjo
Keywords: Law of Small Numbers; Alternation Bias; Negative Recency Bias; Gambler's Fallacy; Hot Hand Fallacy; Hot Hand Effect; Sequential Decision Making; Sequential Data; Selection Bias; Finite Sample Bias; Small Sample Bias
2015 - n° 551
Nenad Kos and Matthias Messner
Keywords: Optimal mechanism design, Robustness, Incentive compatibility, Individual rationality, Ambiguity aversion
2015 - n° 550
Daniele Bianchi, Massimo Guidolin and Francesco Ravazzolo
Keywords: Structural breaks, Stochastic volatility, Multi-factor linear models, Asset Pricing
2015 - n° 549
Simone Cerreia Vioglio, Fabio Maccheroni, Massimo Marinacci
Keywords: Stochastic dominance, integral stochastic orders, nonexpected utility, risk aversion, multi-utility representation, prospect theory, choice-acclimating personal equilibria
2015 - n° 548
Joshua B. Miller and Adam Sanjurjo
Keywords: Hot Hand Fallacy; Hot Hand Effect
2015 - n° 547
Giacomo Rodano, Nicolas Serrano-Velarde, Emanuele Tarantino
Keywords: Financial Distress, Financial Contracting, Renegotiation, Multi-bank Borrowing, Bankruptcy Courts
2015 - n° 545
Vincenzo Galasso, Tommaso Nannicini
Keywords: electoral rules, political selection, probabilistic voting
2015 - n° 543
George-Marios Angeletos, Luigi Iovino, Jennifer Lao
Keywords: Fluctuations, informational frictions, strategic complementarity, coordination, beauty contests, central-bank transparency
2015 - n° 542
Elliott Ash, Massimo Morelli, Richard Van Weelden
Keywords: Posturing, Reputation, Transparency, Effort Allocation, Multi-task
2015 - n° 540
Adam Meirowitz, Massimo Morelli, Kristopher W. Ramsay, Francesco Squintani
2015 - n° 539
Pierpaolo Battigalli, Martin Dufwenberg, Alec Smith
Keywords: frustration, anger, blame, belief-dependent preferences, psychological games
2015 - n° 537
Maria Elena Bontempi, Laura Bottazzi, and Roberto Golinelli
Keywords: Corporate finance; Heterogeneity of agents; Target leverage; Speed of adjustment; Unit roots and cointegration
2014 - n° 536
Federico Tadei
Keywords: Africa, Development, Institutions, Colonization, Trade, Labor Markets
2014 - n° 535
S. Cerreia-Vioglio, M. Kupper, F. Maccheroni, M. Marinacci, N. Vogelpoth
Keywords: Dual pairs, Hahn-Banach Theorem for modules, complete L0-normed modules, automatic continuity
2014 - n° 533
Martin Dufwenberg and Peter Martinsson
2014 - n° 532
Mario Forni, Luca Gambetti, Marco Lippi, Luca Sala
Keywords: Rational bubbles, structural VARs, noise shocks
2014 - n° 531
Mario Forni, Luca Gambetti, Marco Lippi, Luca Sala
Keywords: Nonfundamentalness, SVAR, Imperfect Information, News, Noise, Business cycles
2014 - n° 530
Sabrina Buti, Barbara Rindi, Ingrid M. Werner
2014 - n° 529
Luigi Guiso, Helios Herrera, Massimo Morelli
Keywords: Cultural Norms, Institutions, Crisis Mismanagement
2014 - n° 528
Massimo Morelli and In-Uck Park
Keywords: Stable systems, Abilities, Hierarchy, Cyclic partition
2014 - n° 527
P. Battigalli, S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci
2014 - n° 526
Vincenzo Galasso and Tommaso Nannicini
Keywords: political selection, electoral rule, closed party lists
2014 - n° 524
Alejandro Francetich and David M. Kreps
2014 - n° 523
Valentina Bosetti and Marco Maffezzoli
Keywords: Dynamic Stochastic General Equilibrium model, emission trading, carbon tax, occasionally binding constraints
2014 - n° 522
Jeffrey V. Butler and Joshua B. Miller
Keywords: Social Risk, Social Perception, Intention, Betrayal Aversion, Trust
2014 - n° 521
Martin Dufwenberg and Amrish Patel
Keywords: Discrete public good, participation, reciprocity networks, coordination, cost-sharing
2014 - n° 520
S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci, and A. Rustichini
2014 - n° 519
Martin Dufwenberg, Gunnar Köhlin, Peter Martinsson, Haileselassie Medhin
Keywords: Conflict, land-conflict game, social preferences, forward induction, Ethiopia, experiment, land reform
2014 - n° 518
Joshua B. Miller and Adam Sanjurjo
Keywords: Hot Hand Fallacy; Hot Hand Effect
2014 - n° 517
Valentino Larcinese and Indraneel Sircar
2014 - n° 516
Alejandro Francetich
Keywords: Experimentation, two-armed bandits, multi-choice bandits, negatively correlated
2014 - n° 515
Martin Dufwenberg, Giancarlo Spagnolo
Keywords: Bribes, Corruption, Immunity, Law enforcement, Leniency, Whistleblowers
2014 - n° 514
Alejandro Francetich and David Kreps
2014 - n° 512
Valentino Larcinese
Keywords: democratization, voting, electoral competition, inequality, swing districts, political violence, Vatican, socialism
2014 - n° 511
Oriana Bandiera, Valentino Larcinese and Imran Rasul
Keywords: feedback, incentives, students' performance, university education
2014 - n° 510
Mehmet Ekmekci and Nenad Kos
Keywords: takeovers, fairness opinion, tender offers, lemons problem, large shareholder
2014 - n° 509
Federico M. Bandi, Bernard Perron, Andrea Tamoni, and Claudio Tebaldi
Keywords: long run, predictability, aggregation, risk-return trade-off, Fisher hypothesis
2014 - n° 508
Guido Alfani and Marco Percoco
Keywords: Plague, Italian cities, Urban development, Urban demography, Multiple
2013 - n° 507
Giovanni Immordino, Michele Polo
Keywords: Regulation, Antitrust, Legal Standards
2013 - n° 506
Giuseppe Attanasi, Pierpaolo Battigalli, Elena Manzoni, Rosemarie Nagel
Keywords: Experiments, trust game, guilt, reciprocity, complete and incomplete information
2013 - n° 505
Stefano DellaVigna, Ruben Durante, Brian Knight, Eliana La Ferrara
2013 - n° 504
LucaSala
Keywords: DSGE models, frequency domain, band maximum likelihood
2013 - n° 503
Emilio Bisetti, Carlo A. Favero, Giacomo Nocera, Claudio Tebaldi
Keywords: Longevity Risk, Strategic Asset Allocation
2013 - n° 502
Alessandro Innocenti, Tommaso Nannicini, Roberto Ricciuti
Keywords: sports betting, decision timing, information overload, forecasting
2013 - n° 501
Alejandro Francetich
Keywords: Dynamic mechanism design, sequential auctions, interdependent values, multi-dimensional types, winner's curse, double sourcing
2013 - n° 500
S. Cerreia-Vioglio, F. Maccheroni, and M. Marinacci
2013 - n° 499
Anna Battauz, Marzia De Donno, Alessandro Sbuelz
Keywords: American Options; Valuation; Optimal Exercise; Real Options; Gold Loan; Collateralized Borrowing; Asymptotic Approximation of The Free Boundary
2013 - n° 498
Alessandra Cillo, Philippe Delquié
Keywords: Risk analysis; Uncertainty modeling; Utility theory; Stochastic dominance; Convex risk measures
2013 - n° 497
Vincenzo Galasso, Paola Profeta, Chiara Pronzato, Francesco Billari
Keywords: gender culture, female labour supply, education
2013 - n° 496
Aurélien Baillon, Han Bleichrodt, Alessandra Cillo
2013 - n° 495
Francesca Beccacece, Emanuele Borgonovo, Greg Buzzard, Alessandra Cillo, Stanley Zionts
Keywords: Multiattribute Utility Theory; High Dimensional Model Representations; Value Function Elicitation; Sparse Grid Interpolation
2013 - n° 494
Mehmet Gurdal, Joshua B. Miller, Aldo Rustichini
Keywords: Experiments; Rationality; Fairness
2013 - n° 493
Arie E. Gozluklu, Pietro Perotti, Barbara Rindi, Roberta Fredella
Keywords: minimum trade unit constraint, limit order book, market liquidity, adverse selection costs
2013 - n° 492
Sabrina Buti, Barbara Rindi, Yuanji Wen, Ingrid M. Werner
2013 - n° 491
Mario Forni, Luca Gambetti,Luca Sala
Keywords: Factor-augmented VAR, news shocks, invertibility, fundamentalness
2013 - n° 490
Selim Gulesci, Erik Meyersson
2013 - n° 489
Katja Maria Kaufmann, Matthias Messner, Alex Solis
Keywords: Returns to education quality, higher education, marriage market, regression discontinuity, Chile