Monday, 06 Oct 2014
- Mon, Oct 6, 2014 4:10 pm - 5:30 pm368A Heady Hall
Bhashkar Mazumder, Federal Reserve Bank of Chicago
Thursday, 09 Oct 2014
- Thu, Oct 9, 2014 3:40 pm - 5:00 pm360 Heady Hall
David Peters, Iowa State University, "Census Data in the 21st Century: Changes and Challenges," Thursday, October 9, 3:40-5:00 pm, 360 Heady Hall
Friday, 10 Oct 2014
- Fri, Oct 10, 2014 3:40 pm - 5:00 pm368A Heady Hall
"Climate Policy and Border Measures: The Case of the US Aluminum Industry," with Ian Sheldon, The Ohio State University, Friday, October 10, 3:40-5:00 pm, 368A Heady Hall
Abstract: In this paper, analysis is presented relating to the impact of border measures for climate policy on the problem of carbon leakage, and the related issue of competitiveness in the US aluminum industry, which can be characterized as imperfectly competitive. Specifically, it is shown that an appropriate border measure depends on the nature of competition in aluminum production, as well as the basis for assessing the trade neutrality of any border measure. If trade neutrality is defined in terms of market volume, even though carbon leakage is reduced, US aluminum producer competitiveness cannot be maintained. This compares to defining trade neutrality in terms of market share, which results in US aluminum producer competitiveness being maintained and global carbon emissions being reduced. In either case, US users of aluminum incur deadweight losses from the combination of climate policy and border measures.
Monday, 13 Oct 2014
- Mon, Oct 13, 2014 4:10 pm - 5:30 pm368A Heady Hall
"Who Pays and Who Gains from Fuel Policies in Brazil?" with Madhu Khanna, University of Illinois at Urbana-Champaign, Monday, October 13, 4:10-5:30 pm, 368A Heady Hall
Abstract: Brazil has pursued a mix of policy interventions in the fuel sector to achieve multiple objectives of economic and social development, promoting biofuels and reducing dependence on oil. We develop a welfare economic framework to analyze the rationale for the fuel policy choices in Brazil and to analyze the trade-offs they have engendered in the fuel and sugar sectors. We also examine their distributional impacts on producers and consumers in the sugar, oil and biofuel sectors and on government revenues. Additionally, we undertake a normative analysis for the purpose of comparing the welfare and environmental impacts of existing policies with those justified by the goal of maximizing social welfare and addressing market failure. The ex-post analysis of the outcomes for different stakeholders in the fuel and sugar sectors provides insights on the likely political-economic factors guiding policy choices. We find that the status quo policies are likely to have been motivated by the objectives of increasing oil exports, raising government revenue and promoting rural development through the sugarcane sector and have had a significant adverse effect on fuel and sugar consumers, aggregate social welfare and greenhouse gas emissions in Brazil.
Tuesday, 21 Oct 2014
- Tue, Oct 21, 2014 3:40 pm - 5:00 pm368A Heady Hall
"Incentives for Non-Price Competition in the California WIC Program" with Patrick McLaughlin, University of California, Davis, Tuesday, October 21, 3:40-5:00 pm, 368A Heady Hall
Abstract: Institutional details of the California WIC Program's food assistance component give rise to a retailer who does not compete in price for perfectly price inelastic WIC consumers. A theoretical model of non-price competition hypothesizes that pure non-price competition in brands mimics price competition whereby these retailers carry more and better brands under intense spatial competition; and, that retailers will either minimally or maximally differentiate in horizontal (e.g, physical) space. I use a unique dataset on these retailers' locations and brand offerings as well as participants' food benefit redemption patterns to empirically confirm that retailers compete in brands. Namely, retailers carry more and better brands in salient product categories when facing more competitors, which, in turn, reduces attrition and increases market share. The results also suggest that maximal horizontal differentiation prevails, allowing the retailers to minimize costly brand competition.
Wednesday, 22 Oct 2014
- Wed, Oct 22, 2014 3:40 pm - 5:00 pm368A Heady Hall
“Attention, Coordination, and Bounded Recall,” with Alessandro Pavan, Northwestern University, Wednesday, October 22, 4:10-5:30 pm, 368A Heady Hall
Tuesday, 28 Oct 2014
- Tue, Oct 28, 2014 3:40 pm - 5:00 pm368A Heady Hall
"How Quickly Would You Choose Milk from a Cloned Cow? Neural Activations, Information Retrieval, and Discount Rates," with John Crespi, Kansas State University, Tuesday, October 28, 3:40-5:00 pm, 368A Heady Hall
Abstract: Brain imaging data gathered from functional magnetic resonance imaging (fMRI) scans in economics is often ad hoc, with little guidance from economic theory. Using an economic product differentiation model with temporal hazard rates and discounting, the authors incorporate percent signal change contrasts from blood-oxygenation-level-dependent (BOLD) scans. Using BOLD signals from brain regions implicated in economic valuation, the research directly tests the hypotheses of an economic theory. The empirical test uses a study of consumer decision time regarding milk products. Both simple correlations as well as regression analyses support the hypothesized relationships providing evidence of the interrelatedness of brain activation and theories of differentiation.
Wednesday, 29 Oct 2014
- Wed, Oct 29, 2014 4:10 pm - 5:30 pm368A Heady Hall
"Search, Adverse Selection and Market Clearing," with In-Koo Cho, University of Illinois, Wednesday, October 29, 4:10-5:30 pm, 368A Heady Hall
Thursday, 30 Oct 2014
- Thu, Oct 30, 2014 3:40 pm - 5:00 pm368A Heady Hall
"Experimental auctions to evaluate incentives for cost-effective agricultural phosphorus abatement in the Great Lakes," with Leah Harris Palm-Forster, Michigan State University, Thursday, October 30, 3:40-5:00 pm, 368A Heady Hall