Working Papers

From IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
via Rontgen, 1 - 20136 Milano (Italy).
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603: A New Approach to the Study of Editing of Repeated Lotteries

Alessandra Cillo and Enrico De Giorgi

602: Interactive Epistemology in Simple Dynamic Games with a Continuum of Strategies

Pierpaolo Battigalli, Gabriele Beneduci and Pietro Tebaldi

601: Is Europe an Optimal Political Area?

Alberto Alesina, Guido Tabellini and Francesco Trebbi

600: Credit Misallocation During the European Financial Crisis

Fabiano Schivardi, Enrico Sette and Guido Tabellini

599: A Model of Focusing in Political Choice

Salvatore Nunnari and Jan Zapal

598: Institutional Transplant and Cultural Proximity: Evidence from Nineteenth-Century Prussia

Giampaolo Lecce and Laura Ogliari

597: Explaining the Time-varying Effects Of Oil Market Shocks On U.S. Stock Returns

Claudia Foroni, Pierre Guérin and Massimiliano Marcellino

596: M&A negotiations with limited information: how do opaque firms buy and get bought?

Pierpaolo Battigalli, Carlo Chiarella, Stefano Gatti and Tommaso Orlando

595: Trading Fees and Intermarket Competition

Marios Panayides, Barbara Rindi and Ingrid M. Werner

594: Income Inequality in Colonial Africa: Building Social Tables for Pre-Independence Central African Republic, Ivory Coast, and Senegal

Guido Alfani and Federico Tadei

566: A Market Foundation for Conditional Asset Pricing

Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci

565: Learning to smile: Can rational learning explain predictable dynamics in the implied volatility surface?

Alejandro Bernales and Massimo Guidolin

564: Mass Media and Social Change: Can We Use Television to Fight Poverty?

Eliana La Ferrara

563: Lending Standards Over the Credit Cycle

Giacomo Rodano, Nicolas Serrano-Velarde and Emanuele Tarantino

562: The Impact of Monetary Policy on Corporate Bonds under Regime Shifts

Massimo Guidolin, Alexei G. Orlov and Manuela Pedio

561: On the equality of Clarke-Rockafellar and Greenberg-Pierskalla differentials for monotone and quasiconcave functionals

Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci

560: From Weber to Kafka: Political Activism and the Emergence of an Inefficient Bureaucracy

Gabriele Gratton, Luigi Guiso, Claudio Michelacci and Massimo Morelli

559: Electoral Competition with Rationally Inattentive Voters

Filip Matejka and Guido Tabellini

558: A Shrinkage Instrumental Variable Estimator for Large Datasets

Andrea Carriero, George Kapetanios and Massimiliano Marcellino

557: Was there a ‘Little Convergence’ in inequality? Italy and the Low Countries compared, ca. 1500-1800

Guido Alfani and Wouter Ryckbosch

556: Risk Analysis and Decision Theory: Foundations

Emanuele Borgonovo, Veronica Cappelli, Fabio Maccheroni and Massimo Marinacci

555: Is Government Spending at the Zero Lower Bound Desirable?

Florin Bilbiie, Tommaso Monacelli and Roberto Perotti

554: How General Are Time Preferences? Eliciting Good-Specific Discount Rates

Diego Ubfal

553: Model Uncertainty

Massimo Marinacci

552: Surprised by the Gambler’s and Hot Hand Fallacies? A Truth in the Law of Small Numbers

Joshua Miller and Adam Sanjurjo

551: Selling to the mean

Nenad Kos and Matthias Messner

550: Macroeconomic Factors Strike Back: A Bayesian Change-Point Model of Time-Varying Risk Exposures and Premia in the U.S. Cross-Section

Daniele Bianchi, Massimo Guidolin and Francesco Ravazzolo

549: Stochastic Dominance Analysis without the Independence Axiom

Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci

548: Is it a Fallacy to Believe in the Hot Hand in the NBA Three-Point Contest?

Joshua Miller and Adam Sanjurjo

547: Bankruptcy Law and Bank Financing

Giacomo Rodano, Nicolas Serrano-Velarde and Emanuele Tarantino

546: Deleverage and Financial Fragility

Marco Maffezzoli and Tommaso Monacelli

545: Political Selection under Alternative Electoral Rules

Vincenzo Galasso and Tommaso Nannicini

544: Hilbert A-Modules

Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci

543: Real Rigidity, Nominal Rigidity, and the Social Value of Information

George-Marios Angeletos, Luigi Iovino and Jennifer La'O

542: Election and Divisiveness: Theory and Evidence

Elliott Ash, Massimo Morelli and Richard Van Weelden

541: Mediation and Peace

Johannes Hörner, Massimo Morelli and Francesco Squintani

540: Dispute Resolution Institutions and Strategic Militarization

Adam Meirowitz, Massimo Morelli, Kristopher W. Ramsay and Francesco Squintani

539: Frustration and Anger in Games

Pierpaolo Battigalli, Martin Dufwenberg and Alec Smith

538: Honesty and Informal Agreements

Martin Dufwenberg, Maros Servátka and Radovan Vadovic

537: ynamic corporate capital structure behavior:empirical assessment in the light of heterogeneity and non stationarity

Maria Bontempi, Laura Bottazzi and Roberto Golinelli

536: Extractive Institutions and Gains From Trade: Evidence from Colonial Africa

Federico Tadei

535: Conditional Lp-spaces and the duality of modules over f-algebras

Simone Cerreia-Vioglio, M. Kupper, F. Maccheroni, Massimo Marinacci and N. Vogelpoth

534: Banking on Experiments?

Martin Dufwenberg

533: Keeping Researchers Honest: The Case for Sealed-Envelope-Submissions

Martin Dufwenberg and Peter Martinsson

532: Noise Bubbles

Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala

531: Noisy News in Business Cycles

Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala

530: Dark Pool Trading Strategies, Market Quality and Welfare

Sabrina Buti, Barbara Rindi and Ingrid M. Werner

529: Cultural Differences and Institutional Integration

Luigi Guiso, Helios Herrera and Massimo Morelli

528: Internal Hierarchy and Stable Coalition Structures

Massimo Morelli and In-Uck Park

527: A note on comparative ambiguity aversion and justi?fiability

Pierpaolo Battigalli, Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci