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Applied Microeconomics

Applied Microeconomics

The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.

The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.

Our activities

Work in Progress seminars

Tuesdays and Wednesdays 1-2pm

Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.

Applied Econometrics reading group

Thursdays (bi-weekly) 1-2pm

Organised by students in collaboration with faculty members. See the Events calendar below for further details

People

Academics

Academics associated with the Applied Microeconomics Group are:


Natalia Zinovyeva

Co-ordinator

Jennifer Smith

Deputy Co-ordinator


Events

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Macro/International Seminar - Anna Ignatenko

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Location: S2.79

Title: “Countervailing power of firms in international trade”. It is available here: CountervailingPower_2023.pdf (annaignatenko.com) 

Abstract - This paper disentangles the effects of seller’s and buyer’s market power in firm-to-firm trade. I incorporate oligopoly, oligopsony, and bilateral bargaining in a trade model, in which buyers and sellers differ in productivity, bargaining ability, and preferences. These market structures predict differential patterns of price variation across buyers. Testing these predictions, I find, in most markets, price variation is consistent with oligopolistic price discrimination. More productive buyers pay lower mark-ups because of their better outside options, rather than scale economies, oligopsony power, or bargaining abilities. Consequently, more productive buyers have higher gains from trade and cost shocks’ pass-through into prices.

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