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:
Research Students
Events
CRETA Seminar - Giacomo Lanzani (Harvard)
Title: Dynamic Concern for Misspecification
Abstract: We consider an agent who posits a set of probabilistic models for the
payoff-relevant outcomes. The agent has a prior over this set but fears the
actual model is omitted and hedges against this possibility. The concern for
misspecification is endogenous: If a model explains the previous
observations well, the concern attenuates. We show that different static
preferences under uncertainty (subjective expected utility, maxmin, robust
control) arise in the long run, depending on how quickly the agent becomes
unsatisfied with unexplained evidence and whether they are misspecified. The
misspecification concern's endogeneity naturally induces behavior cycles,
and we characterize the limit action frequency. This model is consistent
with the evidence on monetary policy cycles and choices in the face of
complex tax schedules.