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X-WR-CALDESC:Events for Department of Economics Universidad Carlos III
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260915T124500
DTEND;TZID=Europe/Helsinki:20260915T140000
DTSTAMP:20260908T074657Z
CREATED:20260713T112148Z
LAST-MODIFIED:20260908T074657Z
UID:10589-1789476300-1789480800@economics.uc3m.es
SUMMARY:The Design and Price of Certification (joint with Yucheng Shang and Ryo Shirakawa)
DESCRIPTION:Mikael Mäkimattila\n(Aalto University)\n  \n“The Design and Price of Certification (joint with Yucheng Shang and Ryo Shirakawa)”\n\nAbstract: We consider the design and pricing of certification contracts. A certifier offers a menu of tests to a sender\, who holds partial private information about an unknown state and seeks to persuade a receiver.  The selling mechanism gives information to the receiver through two channels: the actual informativeness of the tests and the sender’s choice. In the revenue-maximizing menu\, senders whose beliefs exceed an upper threshold purchase a common test\, while senders whose beliefs fall below a lower threshold purchase no test. Those with intermediate beliefs purchase distinct tests\, so test choice perfectly reveals the sender’s private information. All sender types who purchase a test are indifferent across all options in the menu\, and the receiver obtains zero surplus. We also analyze how the results change if the certifier can conceal which test the sender selects.\n\nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-193/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/makimattila_portrait-e1783941639426.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260916T004500
DTEND;TZID=Europe/Helsinki:20260916T140000
DTSTAMP:20260720T083115Z
CREATED:20260713T113102Z
LAST-MODIFIED:20260720T083115Z
UID:10593-1789519500-1789567200@economics.uc3m.es
SUMMARY:The Transition to Parenthood: The Effects of Fertility on Religious and Cultural Values (with Raphael Corbi and Natália Trigo)
DESCRIPTION:Francisco Costa\n(FGV)\n  \n“The Transition to Parenthood: The Effects of Fertility on Religious and Cultural Values (with Raphael Corbi and Natália Trigo)”\nThis paper shows that the transition to parenthood shapes adults’ religious and social values. Using panel and pseudo-panel event-study designs for the United States and Europe\, we document a persistent increase in religious engagement and traditionalist values following the birth of a first child. This shift is not merely a change in social participation (belonging) but also extends to private beliefs and identity (believing)\, suggesting an elasticity in deep-preference parameters that challenges the canonical assumption of adult preference stability. To assess the magnitude of these effects\, we ask how much of the observed decline in religious engagement can be attributed to falling fertility. A counterfactual decomposition indicates that the secular decline in fertility accounts for\, on average\, 12.5 percent of secularization in the West over the past half-century.\n\n\nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-194/
LOCATION:15.1.39
CATEGORIES:Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Francisco-Costa-e1783942153274.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260917T124500
DTEND;TZID=Europe/Helsinki:20260917T140000
DTSTAMP:20260713T114007Z
CREATED:20260713T114007Z
LAST-MODIFIED:20260713T114007Z
UID:10597-1789649100-1789653600@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Benny Kleinman\n(Stanford University)\n  \n“TBA”\n  \n Face to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-195/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-1-e1783942750117.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260921T004500
DTEND;TZID=Europe/Helsinki:20260921T140000
DTSTAMP:20260714T115520Z
CREATED:20260713T115544Z
LAST-MODIFIED:20260714T115520Z
UID:10601-1789951500-1789999200@economics.uc3m.es
SUMMARY:Perceptions of Race in the Labor Market joint with Pedro C. Sant’Anna and Aiko Schmeisser
DESCRIPTION:Sulin Sardoschau\n(Humboldt University)\n  \n“Perceptions of Race in the Labor Market joint with Pedro C. Sant’Anna and Aiko Schmeisser“\n  \nFace to face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/perceptions-of-race-in-the-labor-market-joint-with-pedro-c-santanna-and-aiko-schmeisser/
LOCATION:15.1.39
CATEGORIES:Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-1-1-e1783943428348.jpg
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260922T124500
DTEND;TZID=Europe/Helsinki:20260922T140000
DTSTAMP:20260713T123017Z
CREATED:20260713T123017Z
LAST-MODIFIED:20260713T123017Z
UID:10605-1790081100-1790085600@economics.uc3m.es
SUMMARY:Collusion without Patience
DESCRIPTION:Toomas Hinnosaar\n(University of Nottingham)\n  \n“Collusion without Patience”\nAbstract: Tacit collusion is usually linked to repeated interactions between patient firms. We show that it can also arise in a one-shot duopoly. When firms choose capacities and face outsourcing contracts with minimum order quantities\, gaps in feasible outputs allow commitment not to sell intermediate quantities. For a range of parameters\, there exists a collusive equilibrium in which both firms produce less and earn more than under competition. Three other equilibria can also arise: competitive\, leadership\, and miscoordination. We then extend the model to general two-sided limited commitment and show that it yields the same set of equilibria. \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/collusion-without-patience/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/images-e1783945610841.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260923T004500
DTEND;TZID=Europe/Helsinki:20260923T140000
DTSTAMP:20260722T073611Z
CREATED:20260714T082408Z
LAST-MODIFIED:20260722T073611Z
UID:10609-1790124300-1790172000@economics.uc3m.es
SUMMARY:A Non-Crossing Quantile and Expected Shortfall Regression
DESCRIPTION:Timo Dimitriadis\n(University Frankfurt)\n  \n“A Non-Crossing Quantile and Expected Shortfall Regression”\nAbstract:\nRecently proposed joint and two-step estimators for Expected Shortfall (ES) and Value-at-Risk (VaR) regressions often exhibit crossings of the estimated regression functions in finite samples\, analogous to the classical quantile crossing problem. We propose an M-estimator for joint VaR and ES regression at multiple probability levels that prevents such crossings by incorporating non-crossing constraints into the optimization problem. We establish that\, when crossings arise from finite-sample variability or mild model misspecification\, the constrained estimator is asymptotically equivalent to its unconstrained counterpart\, a result corroborated by simulation studies. The constraints can be imposed over either a subset or a superset of the covariate space\, with the chosen domain acting as a regularization parameter that shrinks the regression functions toward common slopes. We illustrate the practical utility of the proposed method in two applications. First\, in recently proposed macroeconomic regressions for Inflation-at-Risk\, the non-crossing estimator not only eliminates crossings but also stabilizes parameter estimates and produces smoother predictions. Second\, for forecasting VaR and ES of global financial indices using CAViaR-type models\, imposing non-crossing constraints improves out-of-sample forecast performance compared to unconstrained CAViaR as well as classical benchmark models.\n  \n  \nFace to face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-196/
LOCATION:15.1.39
CATEGORIES:Econometrics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-2-e1784017299699.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260924T124500
DTEND;TZID=Europe/Helsinki:20260924T140000
DTSTAMP:20260730T091732Z
CREATED:20260714T083103Z
LAST-MODIFIED:20260730T091732Z
UID:10615-1790253900-1790258400@economics.uc3m.es
SUMMARY:Lost in Transition: Financial Barriers to New Technologies
DESCRIPTION:Maarten De Ridder\n(LSE)\n  \n“Lost in Transition: Financial Barriers to New Technologies”\n  \n Face to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-197/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Maarten-de-Ridder-2-e1785403022157.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260928T004500
DTEND;TZID=Europe/Helsinki:20260928T140000
DTSTAMP:20260714T084927Z
CREATED:20260714T084613Z
LAST-MODIFIED:20260714T084927Z
UID:10619-1790556300-1790604000@economics.uc3m.es
SUMMARY:Deforestation as an Option: Land Grabbing in the Brazilian Amazon
DESCRIPTION:Rodrigo R. Soares\n(INSPER)\n  \n“Deforestation as an Option: Land Grabbing in the Brazilian Amazon”\nAbstract: Curbing deforestation in the Amazon is essential for climate change mitigation and biodiversity preservation\, but the effectiveness of property rights and environmental policies may depend crucially on political factors. We study the impact of changes in enforcement following the 2019 change in government in Brazil. We compare municipalities more and less exposed to new fronts of land appropriation opened up by loggers. Using a difference-in-differences design\, we find that deforestation accelerated after 2019\, with large and significant effects estimated for Undesignated Public Forests\, where property rights are poorly enforced\, but not for Protected Areas\, where land use rules are clearer. In an alternative empirical design that explores within municipality variation across Undesignated Public Forests and Protected Areas\, we obtain similar results. Using data on self-declared ownership and cattle raising\, we provide evidence that land grabbing for speculatory purposes is likely the key factor behind the increase in deforestation.\n  \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/deforestation-as-an-option-land-grabbing-in-the-brazilian-amazon/
LOCATION:15.1.39
CATEGORIES:Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Rodrigo-Soares-e1784018949881.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260929T124500
DTEND;TZID=Europe/Helsinki:20260929T140000
DTSTAMP:20260728T083838Z
CREATED:20260714T091142Z
LAST-MODIFIED:20260728T083838Z
UID:10624-1790685900-1790690400@economics.uc3m.es
SUMMARY:Socially optimal rating design
DESCRIPTION:Helene Mass\n(University of Vienna)\n  \n“Socially optimal rating design”\n  \nFace to Face 15.2.71  –  Room Seminar 15.1.39
URL:https://economics.uc3m.es/event/tba-198/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-3-e1784020143225.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260930T124500
DTEND;TZID=Europe/Helsinki:20260930T140000
DTSTAMP:20260714T093626Z
CREATED:20260714T093626Z
LAST-MODIFIED:20260714T093626Z
UID:10630-1790772300-1790776800@economics.uc3m.es
SUMMARY:Tail Index Regression for Extremal Dependence" (joint work with Paulo M. M. Rodrigues from Banco de Portugal and NOVA School of Business and Economics)
DESCRIPTION:Yannick Hoga\n(Universität Duisburg-Essen)\n  \n“Tail Index Regression for Extremal Dependence” (joint work with Paulo M. M. Rodrigues from Banco de Portugal and NOVA School of Business and Economics)”\n\n\n Face to Face Room 15.2.71   –   Room 15.1.39
URL:https://economics.uc3m.es/event/tail-index-regression-for-extremal-dependence-joint-work-with-paulo-m-m-rodrigues-from-banco-de-portugal-and-nova-school-of-business-and-economics/
LOCATION:15.1.39
CATEGORIES:Econometrics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/images-1-e1784021258104.jpg
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