• The implications of algorithms in rental markets with matching mechanisms : the role of exposure, choice and efficiency in the sharing economy

  Buthada, Nikhil; Miró i Escolà, Marc; Müller-Demary, Daniel (2018)

  Given the increased use and dependence of peer-to-peer markets on algorithmic optimisation processes, the problems biased algorithms may bring about for individuals have been gaining significance. With the emergence of the ...
• How data science, algorithms and machine learning can help antitrust agencies? A collusion perspective

  Fabián Salazar, Alexis (2018)

  Regarding competition policy, there has been a concern about the use of algorithms to commit anticompetitive acts. As it is proven, the use of algorithms facilitates agreements, but at the same time, authorities may have ...
• Labor markets, search frictions and international trade : assessing the China shock

  Mac Mullen, Marcos (2018)

  The goal of this paper is to assess quantitatively the impact that the emergence of China in the international markets during the 1990s had on the U.S. economy (i.e. the so-called China Shock). To do so, I build a model ...
• The effects of the South African minimum wage on labour market outcomes for low-income earners

  Jones, Samuel; Mahajan, Annanya; Oliva, Maria; Reyna, Debora; Vila, Marta (2018)

  We capitalise on the 2006 implementation of a minimum wage for the hospitality sector to make well-evidenced inferences about the impact of the upcoming National Minimum Wage (NMW) Legislation on low-wage workers. Our paper ...
• Implications of U.S. monetary policy normalization on international capital flows : evidence from South Korea

  Exarchos, Orestis; Öztunc, Jonathan; Pape, Niklas; Sgariglia, Roberta; Tewari, Krishna (2018)

  In this thesis, we provide evidence on the transmission of U.S. monetary policy shocks to the Korean economy. First, we show that there are spillovers of U.S. monetary policy shocks to Korean domestic credit and real ...
• Can import promotion increase export performance in times of global value chains? Firm-level evidence from Russia

  Deb, Deepshikha; Handler, Nils; Peciar, Vladimír; Proka, Ksenia; Stolle, Juliane (2018)

  This paper analyzes whether access to imported intermediate goods can raise export performance of Russian firms. We employ an instrumental variable strategy which exploits variation in firm-specific input tariffs to identify ...
• Automation and polarization in the labor market

  Gómez Urda, Mercedes; Khokhlova, Kseniia; Stamatia, Kontopoulou (2018)

  We combine the basic Diamond (1982), Mortensen (1982), and Pissarides (1985) (DMP) labor market matching model with the one proposed by Autor et al. (2006) to analyze the labor market equilibria in a framework with frictions, ...
• Dominance assessment post-Intel : towards an effects-based approach of art. 102 cases

  Gardner, Frederic Luke; Tucci, Ilaria (2018)

  The application of Article 102 to rebates has been chaotic and entrenched in an object-based approach. This is fundamentally awed because it ignores the material economic effects that may arise from rebates. Although they ...
• Price parity clauses : setting a new legal standard

  Guerrero Putz, Samantha Catalina; Peya Ballesteros, Josep (2018)

  Under the context of digital platforms who act as an intermediary between consumers and sellers, Price Parity Clauses (PPCs) is a contractual restriction for the seller not to sell at a lower price through any other channel ...
• The impact of non-contributory pensions : a case study for Costa Rica

  Elizondo, Hazel; Flores, Sandra; Quinto, Alicia de (2018)

  This study attempts to analyze the effect of the non-contributory Costa Rican pension in employment, schooling, household composition and changes in well-being at household level. This regime has been granted since 1975 ...
• Media plurality : a theory of harm?

  Cooper, Matthew G.; Fina, Davide (2018)

  This paper investigates whether news broadcaster mergers can lead to reduction the plurality of viewpoints offered in the market. The existing academic literature downplays this risk by demonstrating that the incentive to ...
• The impact of a cash transfer program on life outcomes : evidence from Uruguay

  Colombo, Karina; Lohner, Gabrielle; Ramirez-Diaz, Eric (2018)

  This paper analyzes the impact of a cash transfer program targeting households in extreme poverty, Tarjeta Uruguay Social, on a variety of life outcomes. A fuzzy Regression Discontinuity Design is implemented by using ...
• The dynamic relationship between long term interest rates and fiscal stances in the EMU

  Brekelmans, Sybrand J.; Sanz Marin, Guillermo; Tomassetti, Luca (2018)

  In this paper, we study the dynamics and drivers of sovereign bond yields in euro area countries, using a panel data and a time varying coefficient approach with GARCH volatility, which allows for capturing changes in the ...
• The value premium, capital share and debt

  Khairani, Rina; Ruzzier, Gianmarco (2018)

  This paper simulates the value premium anomaly under neoclassical framework of investment adapted from Zhang (2005) calibrated with standard, high and low capital structure specifications and leverage settings. Our model ...
• Anti-refugee sentiments, fake news, and voting outcomes : evidence from Germany

  Agus, Yusuf; Esguerra, Emilio; Nolen, Noble; Powell, Joshua; Quentel, Milan (2018)

  How do local populations respond to a large-scale influx of refugees? This paper studies the European refugee crisis and its effects on anti-refugee sentiments in Germany. To identify the causal effects of refugee presence, ...
• Option pricing in the Heston stochastic volatility model: an empirical evaluation

  Altmeyer, Patrick; Grapendal, Jacob Daniel; Pravosud, Makar; Quintana, Gand Derry (2018)

  This paper evaluates the calibration method of the Heston model presented by Alòs, De Santiago, and Vives (2015). We propose a slightly more efficient configuration of the optimization procedure by introducing initial ...
• Spillover effects from the financial sector : a network analysis for the Eurozone

  Gutiérrez, Jordi; Kellner, Domenic; King, Philip; Neumeyer, Simon; Scibisz, Dorota (2018)

  We identify contemporaneous and Granger-causal linkages between the 86 biggest companies, representing both the financial and real sectors, of the Eurozone economy that serve as paths of shock transmission. Network analysis ...
• The role of the press in influencing agents’ expectations : evidence from European countries (2005-2017)

  Amaral, Ignacio; Bosque, Laia; Morazzoni, Marta; Pérez, Laura; Tang, Chang (2018)

  Since the Great Recession, macroeconomic literature has highlighted the role of agents’ expectations in determining real economic dynamics. The aim of this paper is to study the role of media coverage of negative economic ...
• Investigation of sentiment importance on intraday stock returns

  Costa, Michele; Marschall, Laurits; Mirsadeghi, Seyed Hamed; Sanctis, Alessandro de (2018)

  The main goal of our Master Project is to predict intraday stock market movements using two different kinds of input features: financial indicators and sentiments from news and tweets. While the former are part of the ...
• Scalable inference for Gaussian hierarchical models

  Hao, Kwa Jie (2018)

  Hierarchical modeling is a practical approach with proven results in modeling real world data. This paper studies Gaussian hierarchical models and methods which exploit the sparse conditional independence structure of such ...

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