Working Papers

From Barcelona School of Economics
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1038: Blockchain: The birth of Decentralized Governance

Luis Garicano and Benito Arruñada

1037: On the Global Misallocation of Human Capital

Alexander Monge-Naranjo, Juan Sanchez and Raul Santaeulalia-Llopis

1036: Comparative Statics in the Multiple-Partners Assignment Game

Marilda Sotomayor and David Perez-Castrillo

1035: The Effect of Abortion Legalization on Fertility, Marriage and Long-Term Outcomes for Women

Natalia Nollenberger, Judit Vall-Castello, Sergi Jimenez-Martin and Libertad Gonzalez

1034: Firms and Economic Performance: A View from Trade

Rosario Crino, Gino Gancia and Alessandra Bonfiglioli

1033: Beliefs and Consumer Search in a Vertical Industry

Maarten Janssen and Sandro Shelegia

1032: Bargaining at Retail Stores: Evidence from Vienna

Joshua Sherman and Sandro Shelegia

1031: Asymmetric Business-Cycle Risk and Social Insurance

David Domeij, Fatih Guvenen, Rocio Madera and Christopher Busch

1029: Growth Facts with Intellectual Property Products: An Exploration of 31 OECD New National Accounts

Sangmin Aum, Dongya Koh and Raul Santaeulalia-Llopis

1028: The Survival and Demise of the State: A Dynamic Theory of Secession

Sabine Flamand, Massimo Morelli, Dominic Rohner and Joan Esteban

1027: Benevolent Mediation in the Shadow of Conflict

Andrea Canidio and Joan Esteban

1026: Democratic Tipping Points

Antonio Ciccone

1025: Religion and the European Union

Matthias Krapf and Benito Arruñada

1024: Restricted Environments and Incentive Compatibility in Interdependent Values Models

Dolors Berga, Bernardo Moreno and Salvador Barberà

1023: Watching or Not Watching? Access to Information and the Incentive Effects of Firing Threats

Jose Ortiz Gomez, Roberto Hernán-González, Brice Corgnet, Carles Solà and Jordi Brandts

1022: Deliberative Structures and their Impact on Voting under Economic Conflict

Lydia Mechtenberg, Leonie Gerhards and Jordi Brandts

1021: Uncovered Interest Parity, Forward Guidance and the Exchange Rate

Jordi Galí

1020: Earthquakes and Terrorism: The Long Lasting Effect of Seismic Shocks

Marta Reynal-Querol and José García-Montalvo

1019: Quit Turbulence and Unemployment

Lars Ljungqvist, Thomas Sargent and Isaac Baley

1018: Separating Predicted Randomness from Noise

Miguel Ballester and Jose Apesteguia

1017: The Impact of Progressive Tuition Fees on Dropping Out of Higher Education: A Regression Discontinuity Design

José García-Montalvo

1016: International Commodity Prices and Civil War Outbreak: New Evidence for Sub-Saharan Africa and Beyond

Antonio Ciccone

1015: Elasticity Determinants of Inequality Reducing Income Taxation

Oriol Carbonell-Nicolau and Humberto Llavador

1013: On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint

Luca Gambetti, Jordi Galí and Davide Debortoli

1012: A Theory of Crowdfunding -A Mechanism Design Approach with Demand Uncertainty and Moral Hazard: Comment

Sjaak Hurkens and Matthew Ellman

1011: The Effects of Land Markets on Resource Allocation and Agricultural Productivity

Chaoran Chen, Diego Restuccia and Raul Santaeulalia-Llopis

1010: The Impact of Forward Guidance on Inflation Expectations: Evidence from the ECB

Jean-Alexandre Vaglio, Dorian Henricot, Juraj Falath and Marc de la Barrera

1009: The Optimal Inflation Target and the Natural Rate of Interest

Julien Matheron, Philippe Andrade, Hervé Le Bihan and Jordi Galí

1008: Constraints on LTV as a Macroprudential Tool: A Precautionary Tale

Josep M. Raya and José García-Montalvo

1007: Advice from Women and Men and Selection into Competition

Jordi Brandts

1006: Global Financial Cycle, Household Credit, and Macroprudential Policies

Camelia Minoiu, Irina Mihai, Jose-Luis Peydro and Mircea Epure

1005: Property Rights in Sequential Exchange

Nuno Garoupa, Giorgio Zanarone and Benito Arruñada

1004: Urbanization Patterns, Information Diffusion and Female Voting in Rural Paraguay

Gabriela Vega, Vivian Roza, Alberto Chong and Gianmarco León-Ciliotta

1003: Reasoning about Others' Reasoning

Katharina A. Janezic, Antonio Penta and Larbi Alaoui

1002: Extensions of the Shapley value for Environments with Externalities

David Wettstein, David Perez-Castrillo and Ines Macho-Stadler

1001: Strength in Diversity? Fiscal Federalism among the Fifty U.S. States

Wallace Oates, Therese J. McGuire and Teresa Garcia-Mila

1000: The Consumption, Income, and Wealth of the Poorest: An Empirical Analysis of Economic Inequality in Rural and Urban Sub-Saharan Africa for Macroeconomists

Raul Santaeulalia-Llopis

999: Are Women Status-Ranking Averse?

Arthur Schram, Klarita Gërxhani and Jordi Brandts

998: A Blessing in Disguise? Market Power and Growth with Financial Frictions

David Strauss and Joachim Jungherr

997: Debt Dilution and Debt Overhang

Immo Schott and Joachim Jungherr

996: Teaching microeconomic principles with smartphones – lessons from classroom experiments with classEx

Marcus Giamattei and Humberto Llavador

995: The Price of Growth: Consumption Insurance in China 1989-2009

Yu Zheng and Raul Santaeulalia-Llopis

994: Natural Resources and Global Misallocation

Alexander Monge-Naranjo, Juan Sanchez and Raul Santaeulalia-Llopis

993: Liquidity Sentiments

William Fuchs, Brett Green and Vladimir Asriyan

992: Ethnic Diversity and Growth: Revisiting the Evidence

Marta Reynal-Querol and José García-Montalvo

991: Detecting Granular Time Series in Large Panels

Geert Mesters and Christian Brownlees

990: Reading Between the Lines: Prediction of Political Violence Using Newspaper Text

Hannes Mueller

989: The Macroeconomics of Rational Bubbles: A User's Guide

Jaume Ventura and Alberto Martin

988: The Implied Volatility of Forward Starting Options: ATM Short-Time Level, Skew and Curvature

Antoine Jacquier, Jorge A. León and Elisa Alòs

987: The Effect of Horizontal Mergers, when Firms Compete in Prices and Investments

Emanuele Tarantino and Massimo Motta