Working papers
IGIER fellows and affiliates publish books and articles in academic journals. Their current research projects are featured in the Working Paper series.
2013 - n° 488
Simone Cerreia-Vioglio David Dillenberger Pietro Ortoleva
Keywords: Preferences under risk, Allais paradox, Negative Certainty Independence, Incomplete preferences, Cautious Completion, Multi-Utility representation
2013 - n° 487
Vincenzo Galasso, Tommaso Nannicini
Keywords: gender differences, political campaigns, competitive persuasion
2013 - n° 486
Chad Kendall, Tommaso Nannicini, Francesco Trebbi
Keywords: voting, information, beliefs elicitation, randomized controlled trial
2013 - n° 485
Pierpaolo Battigalli, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci
2013 - n° 484
Alejandro Bernales and Massimo Guidolin
Keywords: Stock options; option listings; asymmetric information; adoption rates; option volume, open interest
2013 - n° 483
Massimo Guidolin, Hening Liu
Keywords: Ambiguity aversion, Bayesian portfolio analysis, CAPM, Smooth ambiguity
2013 - n° 482
Erik Berwart, Massimo Guidolin, and Andreas Milidonis
Keywords: rating agencies, timeliness, issuer-paid agencies, investor-paid business model, NRSRO
2013 - n° 481
Paolo Manasse, Roberto Savona, Marika Vezzoli
Keywords: Banking Crises, Early Warnings, Regression and Classification Trees, Stepwise Logit
2013 - n° 480
Giuseppe Attanasi, Pierpaolo Battigalli and Elena Manzoni
Keywords: Psychological games, Trust Game, guilt, incomplete information
2013 - n° 479
Florian Hoffmann, Roman Inderst and Marco Ottaviani
Keywords: Hypertargeting, selective disclosure, limited attention, consumer privacy regulation, personalized pricing, competition
2013 - n° 478
Alberto Alesina, Carlo Favero and Francesco Giavazzi
Keywords: fiscal adjustment, output, confidence, investment
2013 - n° 477
Franklin Allen, Elena Carletti
Keywords: Deposit finance, bankruptcy costs, bank diversification
2013 - n° 476
Jonathan Heathcote, Fabrizio Perri
Keywords: International risk sharing, Long-run risk, Long-run growth, International business cycles, Real exchange rate
2013 - n° 475
Albert Banal-Estañol, Marco Ottaviani, Andrew Winton
Keywords: Default costs, conglomeration, mergers, spin-offs, project finance, risk contamination, coinsurance
2013 - n° 473
Diego Ubfal
Keywords: time preferences, self-control problems, good-specific discounting, savings, poverty traps
2013 - n° 472
Jonathan Heathcote, Fabrizio Perri
Keywords: Country portfolios, International business cycles, Home bias
2013 - n° 471
Paolo Manasse, Luca Zavalloni
2013 - n° 470
Mehmet Ekmekci, Nenad Kos, Rakesh Vohra
Keywords: Multidimensional mechanism design, negotiated block trades, private benefits, privatization, takeovers, bilateral trade, asymmetric information, cashequity offers
2012 - n° 469
Valentina Bosetti, Cristina Cattaneo and Elena Verdolini
Keywords: cultural diversity, innovation, skilled migration, knowledge production function, Europe
2012 - n° 468
Stergios Athanassoglou, Valentina Bosetti, Gauthier de Maere d'Aertryckey
Keywords: expert aggregation; ambiguity; α-maxmin; second-order cone programming; renewable energy R&D
2012 - n° 467
Nicola Pavoni and Hakki Yazici
Keywords: Self-control problems, Linear Markov equilibrium, Life cycle taxation of savings
2012 - n° 466
Matthias Messner, Nicola Pavoni, Christopher Sleet
Keywords: Dynamic Contracts, Duality, Dynamic Programming, Contraction Mapping Theorem
2012 - n° 465
Roman Inderst andMarco Ottaviani
Keywords: Cheap talk, advice, marketing, credulity, contract cancellation, refund, return policy, consumer protection
2012 - n° 462
Nicola Gennaioli, Alberto Martin, and Stefano Rossi
Keywords: Sovereign Risk, Capital Flows, Institutions, Financial Liberalization, Sudden Stops
2012 - n° 461
Mariaflavia Harari and Eliana La Ferrara
2012 - n° 460
Selim Guelsci
Keywords: tied labor, poverty, rural labor market
2012 - n° 459
P. Battigalli, S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci
Keywords: Selfconfirming equilibrium, conjectural equilibrium, information feedback, ambiguity aversion, partially specified probabilities
2012 - n° 458
S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci,and A. Rustichini
Keywords: extension theorems, Daniell-Stone theorem, risk measures, variational preferences
2012 - n° 456
Alejandro Bernales and Massimo Guidolin
Keywords: Equity options; Index options; Implied volatility surface; Predictability; Trading strategies
2012 - n° 455
Massimo Guidolin and Stuart Hyde
2012 - n° 454
Szabolcs Deák, Lionel Fontagné, Marco Maffezzoli, Massimiliano Marcellino
Keywords: DSGE model, Small open economy, Banking, International trade, Luxembourg, Segmented labor market; Trade union
2012 - n° 453
Mehmet Ekmekci and Nenad Kos
Keywords: takeovers, tender offers, lemons problem, large shareholder
2012 - n° 452
Joshua Miller and Zacharias Maniadis
Keywords: Experiments; Learning; Observation; Reinforcement Learning; Belief-Based Learning
2012 - n° 451
Tito Boeri, Pietro Garibaldi, Espen R. Moen
Keywords: credit squeeze,matching,leverage
2012 - n° 450
Alberto Alesina, Carlo Favero and Francesco Giavazzi
Keywords: fiscal adjustment, output, confidence, investment
2012 - n° 449
Tommaso Monacelli
Keywords: openness, trade, imported inputs, consumption imports, exchange rate, monetary policy
2012 - n° 448
Florin Bilbiie, Tommaso Monacelli and Roberto Perotti
2012 - n° 447
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci
2012 - n° 446
Alfredo Di Tillio, Nenad Kos and Matthias Messner
Keywords: Optimal mechanism design, Ambiguity aversion, Incentive compatibility, Individual rationality
2012 - n° 445
Avner Greif and Guido Tabellini
2012 - n° 444
Thomas J. Chemmanur and Viktar Fedaseyeu
2012 - n° 443
Viktar Fedaseyeu and Vitaliy Strohush
Keywords: Asset bubbles, government-provided loans
2012 - n° 442
Viktar Fedaseyeu
Keywords: household finance, consumer credit, lender protection, cre ditor rights, debt collection
2012 - n° 441
Stefano Bonini
Keywords: Secondary buyout, Private Equity, Financial Crisis
2012 - n° 440
Pablo Branas-Garza, Debrah Meloso andLuis Miller
2012 - n° 439
Emilio Bisetti and Carlo A. Favero
Keywords: stochastic mortality, longevity risk, social security reform
2012 - n° 438
Elena Asparouhova, Peter Bossaerts, Jernej Copic, Brad Cornell, Jaksa Cvitanic, Debrah Meloso
2012 - n° 436
Marco Leonardi and Giovanni Pica
Keywords: Cost of Unjust Dismissals, Severance Payments, Policy Evaluation, Endogeneity of Treatment Status
2012 - n° 435
Florin Bilbiie, Tommaso Monacelli, Roberto Perotti
2012 - n° 434
Giovanni Immordino and Michele Polo
Keywords: legal standards, accuracy, antitrust, innovative activity, enforcement
2012 - n° 433
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci,Luigi Montrucchio
2012 - n° 432
Roberto A. De Santis, Carlo A. Favero and Barbara Roffia
Keywords: Euro area money demand, inflation forecasts, monetary policy, portfolio allocation
2012 - n° 431
Carlo A. Favero
Keywords: non-linear Global VAR, Bond Spreads in the euro-area, time-varying interdependence, contagion
2011 - n° 429
Roberto Perotti
Keywords: Government Spending, Vector Autoregressions, Fiscal Multiplier
2011 - n° 428
Pierpaolo Battigalli, Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci
Keywords: Selfconfirming equilibrium, conjectural equilibrium, uncertainty, smooth ambiguity
2011 - n° 427
Emilio Calvano and Bruno Jullien
2011 - n° 426
Francesco Giavazzi and Luigi Spaventa
2011 - n° 424
Carlo Favero, Alessandro Missale
2011 - n° 423
Matthias Messner, Nicola Pavoni, Christopher Sleet
2011 - n° 420
Giovanni Immordino, Michele Polo
Keywords: legal standards, accuracy, antitrust, innovative activity, enforcement
2011 - n° 419
Sandra González-Bailón andTommy E. Murphy
Keywords: fertility decline, demographic transition, diffusion, France, simulation experiments, agent-based models, decision-making, social norms, social interactions
2011 - n° 418
Monika Bϋtler, Kim Peijnenburg, Stefan Staubli
Keywords: Means-Tested Benefits, Occupational Pension, Annuity, Life-cycle Model
2011 - n° 417
Massimo Guidolin, Francesca Rinaldi
Keywords: ambiguity, ambiguity-aversion, participation, liquidity, asset pricing
2011 - n° 416
Massimo Guidolin, Francesco Ravazzolo, Andrea Donato Tortora
Keywords: REIT returns, Bayesian estimation, Structural instability, Stochastic volatility, Linear factor models
2011 - n° 415
Massimo Guidolin
Keywords: Markov switching, Regimes, Regime shifts, Nonlinearities, Predictability, Autoregressive Conditional Heteroskedasticity
2011 - n° 414
Massimo Guidolin and Stuart Hyde
2011 - n° 412
David Chilosi, Tommy E. Murphy and Roman Studer
Keywords: International and Domestic Trade, Transport costs, Geography, Economic Integration, Grain Markets, Factor Analysis, Europe, Pre-1913
2011 - n° 411
Thorsten Beck, Patrick Behr and Andreas Madestam
Keywords: Group identity, gender, credit supply, credit demand, loan officers
2011 - n° 410
Peter Klibanoff, Massimo Marinacci andSujoy Mukerji
2011 - n° 408
Tommaso Monacelli and Roberto Perotti
2011 - n° 407
Carlo A. Favero, Francesco Giavazzi and Jacopo Perego
Keywords: Fiscal policy, Public debt, Government budget constraint, Global VAR
2011 - n° 406
Carlo A. Favero, Marco Giacoletti
Keywords: stochastic mortality, limits to life, medical progress, longevity
2011 - n° 404
Giovanni Pica and José V. Rodriguez Mora
Keywords: Distributional Effects of Globalization, Heterogeneous Agents, Income Inequality,Endogenous TFP, Multinational Firms
2011 - n° 403
Xavier Boutin, Giacinta Cestone, Chiara Fumagalli, Giovanni Pica and Nicolas Serrano-Velarde
Keywords: Business Groups, Cash Holdings, Internal Capital Markets, Entry
2011 - n° 402
Robert C. Allen, Tommy E. Murphy and Eric B. Schneider
Keywords: economic history, real wages, standard of living, labour market, population,
2011 - n° 401
Marcel Fafchamps and Eliana La Ferrara
Keywords: mutual insurance; social capital; associations; self-selection
2011 - n° 400
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci andLuigi Montrucchio
2011 - n° 399
Andreas Madestam and David Yanagizawa-Drott
2011 - n° 398
Filippo Ippolito, Roberto Steri and Claudio Tebaldi
Keywords: leverage, cross section of returns, target leverage, dynamic capital
2011 - n° 397
Veronica Grembi, Tommaso Nannicini and Ugo Troiano
Keywords: fiscal rules, local government finance, difference-in-discontinuities
2011 - n° 395
Maristella Botticini and Aloysius Siow
Keywords: marriage markets, matching, thick market externality, returns to scale,
2011 - n° 394
Giovanni W. Puopolo
Keywords: Investment; General equilibrium; Firm migration; Cross-section of returns; Book-to-market
2011 - n° 393
Chiara Fumagalli, Massimo Motta and Thomas Rönde
2011 - n° 392
Vincenzo Galasso and Paola Profeta
Keywords: culture; institutions; family ties, pension design
2011 - n° 391
Fabio Maccheroni, Massimo Marinacci, Doriana Ruffino
2011 - n° 390
Tito Boeri, Marta De Philippis, Eleonora Patacchini, Michele Pellizzari
Keywords: Immigrant residential density, housing discrimination, ethnic networks
2011 - n° 389
Sabrina Buti and Barbara Rindi