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Featured Publications

The role of information searchThe role of information search and its influence on risk preferences

Orestis Kopsacheilis, CeDEx PhD candidate, has published, in Theory and Decision, his work on the role of information search and its influence on risk preferences. The paper sheds some new light on how people search for risk-information and how this search influences their ensuing decisions, particularly in the presence of rare events.
 

Semi-autonomous revenue authoritiesSemi-autonomous revenue authorities in sub-Saharan Africa: silver bullet or white elephant?

Roel Dom published one of the chapters of his PhD thesis at our school in the Journal of Development Studies. He studies whether the shift to semi-autonomous revenue administrations has increased revenue collection in sub-Saharan Africa.
 

Complicity without Connection or Communication Complicity without connection or communication

In this publication in the Journal of Economic Behaviour and Organisation, Abigail Barr and Georgia Michailidou study whether individuals carry an intrinsic tendency to coordinate with strangers even when the coordination implies they will have to behave immorally.

 

Testing for parameter instabilityTesting for parameter instability in predictive regression models

In this publication in the Journal of Econometrics, David Harvey, Steven Leybourne and co-authors study tests for structural change in the slope and/or intercept parameters of a predictive regression model where the predictors display strong persistence and provide an empirical application to U.S. stock returns data demonstrating the practical usefulness of these methods.

 

Efficiency versus Equality in Bargaining Efficiency versus equality in bargaining

In this paper for the Journal of the European Economic Association, Fabio Galeotti, Maria Montero and Anders Poulsen use a laboratory experiment to investigate bargaining situations with equality-efficiency tradeoffs.
 

A bootstrap stationarity test for predictive regression invalidity A bootstrap stationarity test for predictive regression invalidity

In this paper, in the Journal of Business and Economic Statistics, Iliyan Georgiev, David Harvey, Stephen Leybourne and Robert Taylor consider the possibility that a predictive relationship found between persistent economic or financial variables could be spurious, and develop a test for whether the predictive regression is invalid.
 

Entry or Exit? The Effect of Voluntary Participation on Cooperation

Entry or Exit? The effect of voluntary participation on cooperation

In this publication in The Journal of Economic Behavior and Organisation Daniele Nosenzo and Fabio Tufano show that voluntary participation promotes cooperation because the threat of quitting partnerships disciplines free-riding.

 

Legislative bargaining with heterogeneous disagreement values

Legislative bargaining with heterogeneous disagreement values: Theory and experiments

In this publication in Games and Economic Behavior, Luis Miller, Maria Montero and Christoph Vanberg investigate whether being in a strong position in the event of disagreement is always advantageous in a multiparty negotiation.
 

Existence and Indeterminacy of Markovian Equilibria Existence and indeterminacy of Markovian equilibria in dynamic bargaining games

In this publication in Theoretical Economics, Vincent Anesi and John Duggan show that dynamic bargaining games are characterized by a continuum of stationary Markov perfect equilibria, when the set of alternatives is multidimensional and players are patient.
 

The impact of trade agreementsThe impact of trade agreements on consumer welfare

In this publication in the Journal of the European Economic Association, Giuseppe Berlingieri, Holger Breinlich and Swati Dhingra estimate the impact of the European Union’s trade agreements on consumer prices.
 

Firm dynamics Firm dynamics and residual inequality in open economies

In this publication in the Journal of the European Economic Association, Gabriel Felbermayr, Giammario Impullitti and Julien Prat study the implications of labor and product market reforms on wage inequality in an open economy model with search frictions and firm heterogeneity.
 

Conditional cooperation and betrayal aversion Conditional cooperation and betrayal aversion

In this publication in the Journal of Economic Behavior and Organization, Robin Cubitt, Simon Gächter and Simone Quercia use a laboratory experiment to investigate whether there is a link between two phenomena that have attracted the attention of behavioural economists and psychologists: conditional willingness to cooperate in social dilemmas and particular aversion to risks that arise from the possibility of intentional exploitation by other human agents.
 

Global imbalances revisited Global imbalances revisited: The transfer problem and transport costs in monopolistic competition

In this recent publication in the Journal of International Economics, Paolo Epifani and Gino Gancia study the welfare effects of trade imbalances in a two-sector model of monopolistic competition and show that unlike the conventional wisdom trade imbalances do not impose any double burden on surplus countries.
 

The sustainability of empire in a global perspectiveThe sustainability of empire in a global perspective: the role of international trade patterns

In this recent publication in the Journal of International Economics, Roberto Bonfatti argues that large changes in trade patterns may lead to a change in the shape of empires, through secession. In particular, if the world outside of the empire switches from being a trade competitor of the colony to being less of a trade competitor, or a trade partner, the colony becomes more likely to secede.
 

The importance of peers for compliance with norms of fair sharingThe importance of peers for compliance with norms of fair sharing

In this publication in the European Economic Review, Simon Gächter, Leonie Gerhards, and Daniele Nosenzo show, using a large-scale dictator game experiment (N = 850), that “peers” can have a profound influence on individuals’ perceptions of norms of fair sharing, but find limited evidence of the influence of norms and peers on actual sharing behaviour.
 

Trust and technology transfersTrust and technology transfers

In this publication in the Journal of Economic Behaviour and Organization, Maria Garcia-Vega and Elena Huergo empirically investigate how widely held perceptions of the trustworthiness of the host economy influence international technology transfers that subsidiaries receive from their business group or from other international providers.
 

 

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