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X-WR-CALDESC:Events for Department of Economics Universidad Carlos III
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DTSTART;TZID=Europe/Helsinki:20191202T124500
DTEND;TZID=Europe/Helsinki:20191202T140000
DTSTAMP:20260404T105555
CREATED:20190912T073701Z
LAST-MODIFIED:20191202T095639Z
UID:3342-1575290700-1575295200@economics.uc3m.es
SUMMARY:Implications of Consumer Loyalty for Price Dynamics when Price Adjustment is Costly
DESCRIPTION:  \nMateusz Mysliwski.\n(NHH).\n\nImplications of Consumer Loyalty for Price Dynamics when Price Adjustment is Costly.\nAbstract:\nWe study the implications of consumer switching costs on prices when price adjustments are costly. Existing theoretical and empirical works on consumer switching costs assume firms can change prices freely without any supply side frictions. We develop a dynamic game-theoretic model in which consumers exhibit inertia in their choices and firms compete in prices while facing costly price adjustments. We use the model to analyse the UK butter and margarine industry and estimate it with a rich scanner data set. The adjustment costs in our model can be interpreted as promotional fees which dairy suppliers pay to supermarkets. We find that price adjustment costs are substantial and represent between 24-34% of manufacturers’ net margins. We show that ignoring price adjustment costs can lead to substantial underprediction of the effects of consumer switching costs on prices. Our model predicts that the removal of promotional fees reduces firm costs and increases their profits without passing down benefits to the consumers.\n\nAttendance confirmation.
URL:https://economics.uc3m.es/event/tba-138/
CATEGORIES:A&E seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2019/09/mateusz_mysliwski-e1568274054857.jpg
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20191203T124500
DTEND;TZID=Europe/Helsinki:20191203T140000
DTSTAMP:20260404T105555
CREATED:20191114T121639Z
LAST-MODIFIED:20191114T122126Z
UID:3611-1575377100-1575381600@economics.uc3m.es
SUMMARY:Killer acquisitions and the incentive to innovate
DESCRIPTION:  \n  \nIgor Letina.\n(University of Bern).\n  \nKiller acquisitions and the incentive to innovate.\n  \nAttendance confirmation.
URL:https://economics.uc3m.es/event/killer-acquisitions-and-the-incentive-to-innovate/
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2019/11/IGOR-LETINA-e1573730156169.jpg
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20191204T124500
DTEND;TZID=Europe/Helsinki:20191204T140000
DTSTAMP:20260404T105555
CREATED:20190930T123056Z
LAST-MODIFIED:20191128T143838Z
UID:3409-1575463500-1575468000@economics.uc3m.es
SUMMARY:Network Dependence and Inference
DESCRIPTION:  \n  \nJulius Vainora.\n(UC3M).\n  \nNetwork Dependence and Inference.\n  \nAttendance confirmation.
URL:https://economics.uc3m.es/event/tba-145/
CATEGORIES:Mock Job Market Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2019/09/julius-vainora-e1569847308286.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20191210T124500
DTEND;TZID=Europe/Helsinki:20191210T140000
DTSTAMP:20260404T105555
CREATED:20190722T111445Z
LAST-MODIFIED:20191205T152331Z
UID:3349-1575981900-1575986400@economics.uc3m.es
SUMMARY:Media Competition and Social Disagreement
DESCRIPTION:  \n  \nJacopo Perego.\n(Columbia University).\n\nMedia Competition and Social Disagreement.\n\nAttendance confirmation.
URL:https://economics.uc3m.es/event/tba-128/
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2019/07/Jacopo-Perego-e1568274515214.jpg
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20191216T124500
DTEND;TZID=Europe/Helsinki:20191216T140000
DTSTAMP:20260404T105555
CREATED:20190722T112909Z
LAST-MODIFIED:20191211T094358Z
UID:3352-1576500300-1576504800@economics.uc3m.es
SUMMARY:A Revealed-Preference Approach to Measuring Information Frictions in Migration Decisions
DESCRIPTION:  \n  \nEduardo Morales.\n(Princeton University).\n\nA Revealed-Preference Approach to Measuring Information Frictions in Migration Decisions.\nAbstract\n“Labor demand shocks differ widely across regions within countries. Yet\, migration patterns often do not respond to these regional shocks. Are workers’ limited migration responses due to lack of information about the potential net gains from regional migration? To answer this question\, we analyze the mobility decisions of all formally employed workers in Brazil over 15 years. First\, using a reduced-form approach\, we document heterogeneous delay in reaction to positive local labor demand shocks: workers living in more distant regions and in regions with a lower degree of internet penetration tend to react more slowly to positive local labor demand shocks happening in other regions within the same country. Second\, using a structural approach\, we use model-based moment conditions and tests of overidentifying restrictions to test for the content of migrants’ information sets. Our preliminary results indicate that the precision of the information that workers have about labor market conditions in regions other than their region of residence decays strongly with distance. Agents located in regions with a better access to internet also appear to have more precise information.”\n\n Attendance confirmation.
URL:https://economics.uc3m.es/event/tba-129/
CATEGORIES:A&E seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2019/07/Edu_GoogleSites-1-e1568274785364.jpg
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20191219T124500
DTEND;TZID=Europe/Helsinki:20191219T140000
DTSTAMP:20260404T105555
CREATED:20190722T113507Z
LAST-MODIFIED:20191213T115238Z
UID:3355-1576759500-1576764000@economics.uc3m.es
SUMMARY:Bad jobs and low inflation
DESCRIPTION:  \n  \nLeonardo Melosi.\n(Federal Reserve Bank of Chicago).\n\n  \nBad jobs and low inflation.\n\n  \nAttendance confirmation.
URL:https://economics.uc3m.es/event/tba-130/
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/png:https://economics.uc3m.es/wp-content/uploads/2019/07/Leonardo-Melosi-e1568275030944.png
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