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Political Economy and Public Economics

Political Economy and Public Economics

The Department of Economics at the University of Warwick has an active Political Economy and Public Economics (PEPE) Research Group. These two disciplines have natural complementarities. Political Economy focuses more on the political feasibility of certain policies by looking at which policies are more likely to enjoy public support and thus succeed in an electoral contest. Public economics looks more at determining which policies are optimal in every environment, but is less concerned about their political approval or feasibility.

Recent world events such as the public backlash against globalization and inequality have raised awareness for the need for more integration between these two approaches as political resistance to the adoption of potentially beneficial policies has become ever more salient. Hence by their very nature these two disciplines transcend traditional field divisions such as micro and macroeconomics: they use theoretical, empirical and experimental methods to obtain conclusions, thus generating synergies with various other groups in our department from development to experimental to history to macroeconomics to economic theory.

Our activities

PEPE Research Group Seminar

Thursday: 11.15am-12.30pm
A weekly seminar is organised that brings top economists and political scientist speakers every week for a double-feature seminar in coordination with the LSE.

For a detailed scheduled of speakers please follow the link below:

Organisers: Andreas Stegmann, Kirill Pogorelskiy and Helios Herrera

PEPE Research Group Annual Conference

In collaboration with colleagues from Princeton and Utah, the PEPE Research Group organises an annual conference which has become a central meeting of political economists in Europe. Having taken place in previous years at Warwick in Venice, it attracts over 70 delegates attending from leading institutions in the US, EU and the UK. Every year, several of our PhD students get to participate in a fully funded conference with an opportunity to engage with leading scholars.

Find out more about this year's conference which will take place 20-21 March 2020 in Rome.

Organiser: Helios Herrera

People

Academics

Academics associated with the Reseach Group Name research group are:


Michela Redoano

Co-ordinator

Helios Herrera

Deputy Co-ordinator

Events

  More events Jump to any date
 
Mon 23 May, '22
-
Economic History Seminar - Chicheng Ma (HKU)
Mon 23 May, '22
-
Econometrics Seminar - Yike Wang (LSE)

This seminar is joint with Bristol University and Warwick will be hosting today's event.

Tue 24 May, '22
-
CWIP (CAGE Work in Progress) - Neil Lloyd
via MS Teams
Tue 24 May, '22
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Jan Stuhler
S2.79
Wed 25 May, '22
-
Applied Young Economist Webinar Workshop on Firms
via Zoom

This AYEW Workshop on Firms will be a 1.5 hour event, with three 30-minute presentations.

Here are the details:

  1. Daniel Morrison (Princeton): “Disentangling the motivations for campaign contributions: Corruption or policy alignment”
  2. Xiangyu Shi (Yale): “Hometown favoritism and intercity investment networks in China”
  3. Jian Xie (Warwick): “The cultural origins of family firms” (joint with Song Yuan)

 

Wed 25 May, '22
-
CRETA Theory Seminar - Nima Haghpanah
S2.79

Title: A Cooperative Theory of Market Segmentation by Consumers

Abstract: We consider a market that may be segmented and is served by a single seller. The surplus of each consumer in a segment depends on the price that the seller optimally charges, and this optimal price depends on the set of consumers in that segment. This gives rise to a novel cooperative game between consumers that determines market segmentation. We study several solution concepts. The most demanding solution concept, the core, requires that there is no objection to the segmentation by a coalition of consumers who benefit by forming a new segment. We show that the core is empty except for trivial cases. We then introduce a new solution concept, stability. A segmentation is stable if for each possible objection by a coalition, there is a counter-objection by a coalition in the original segmentation. We characterize stable segmentations as ones that are efficient and ``saturated,'' which means that the segments are maximal in some sense. We use this characterization to constructively show that stable segmentations exist. Even though stable segmentations are efficient, they need not maximize average consumer surplus, and segmentations that maximize average consumer surplus need not be stable. Our weakest solution concept, fragmentation-proofness, rules out objections by coalitions that include consumers from more than one segment. We show that a segmentation is fragmentation-proof if and only if it is efficient.

This is joint work with Ron Siegel.

Thu 26 May, '22
-
Seminar - Nathan Canen (University of Houston)

Title of Nathan’s talk is Political Parties as Drivers of U.S. Polarization: 1927-2018 (with Chad Kendall and Francesco Trebbi) .

This visit is hosted by Andreas Stegmann.

Mon 30 May, '22
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PhD paper presentation - Gianni Marciante
S2.79

This is an opportunity for our PhD student to practice job talk seminar.

Gianni will be presenting paper: When Nation Building Goes South: Draft Evasion, Government Repression, And The Origins Of The Sicilian Mafia

Fields: Economic History, Political Economy

Supervisors: James Fenske, Sharun Mukand

Tue 31 May, '22
-
CWIP (CAGE Work in Progress) - James Fenske
S2.79 via MS Teams
Tue 31 May, '22
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Ann Brockmeyer (Institute for Fiscal Studies)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Wed 1 Jun, '22
-
PhD paper presentation - Cora Neumann
S2.79

This is an opportunity for our PhD student to practice job talk seminar.

Cora will present paper: Unemployment, Migration, And Right-Wing Voting: Evidence From Germany

Fields: Economic History, Political Economy, Gender Economics

Supervisors: James Fenske, Manuel Bagues

Wed 1 Jun, '22
-
CRETA Theory Seminar - Jacopo Perego
S2.79

Title: The Value of Data Records (with Simone Galperti & Aleksandr Levkun)

Abstract: Many online platforms intermediate trade between sellers and buyers using data records of the buyers' personal characteristics. How much value do such intermediaries derive from each record? Is this value higher for specific buyers? What are its properties? We find that an important component of the value of a data record is a novel externality that arises when a platform pools records to withhold information from the sellers. Ignoring this externality can significantly bias our understanding of the value of data records. We then characterize a platform's willingness to pay for more data, thereby establishing a series of basic properties of the demand side of data markets. Our analysis combines modern information design with classic duality methods and applies to a large class of principal-agent problems.

Mon 6 Jun, '22
-
Econometrics Seminar - Matt Shum (Caltech)
via Zoom

This seminar is joint with Bristol University and will be hosting today's event.

Tue 7 Jun, '22
-
CWIP (CAGE Work in Progress) - Amrita Kulka
S1.50 via MS Teams
Tue 7 Jun, '22
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Ralf Martin
S2.79

Joint with WBS

Title:

Wed 8 Jun, '22 - Thu 9 Jun, '22
9am - 5pm
PhD Conference
S2.79

Runs from Wednesday, June 08 to Thursday, June 09.

This is a 2-day conference.

Organiser: Alperen Tosun (PGR)

Wed 8 Jun, '22
-
CRETA Theory Seminar - Eliot Lipnowski
S2.77 Cowling Room

Title to be advised.

Fri 10 Jun, '22 - Sat 11 Jun, '22
8am - 6pm
2-Day Theory Workshop
Scarman House

Runs from Friday, June 10 to Saturday, June 11.

This workshop is taking place in Scarman House

Organiser: Bhaskar Dutta

Mon 13 Jun, '22
-
PhD paper presentation - Giulia Vattuone
S2.77 Cowling Room

This is an opportunity for our PhD student to practice job talk seminar.

Giulia will present paper: Worker Sorting And The Gender Wage Gap

Fields: Labour

Supervisors: Manuel Bagues, Roland Rathelot

Tue 14 Jun, '22
-
CWIP (CAGE Work in Progress) - Eric Renault
S2.77 via MS Teams
Tue 14 Jun, '22
-
PhD paper presentation - Shantanu Singh
S2.77 Cowling Room

This is an opportunity for our PhD student to practice job talk seminar.

Shantanu will present paper: Learning By Outsourcing

Fields: tba

Supervisors: Mirko Draca, Robert Akerlof

Wed 15 Jun, '22
-
PhD paper presentation - Eleonora Alabrese
S2.77 Cowling Room

This is an opportunity for our PhD student to practice job talk seminar

Eleonora will present paper: Bad Science

Fields: Political

Supervisors: Thiemo Fetzer, Sascha Becker, Andreas Stegmann

Wed 15 Jun, '22
-
CRETA Theory Seminar - Pablo Schenone
S2.77 Cowling Room

Title to be advised.

Thu 16 Jun, '22
-
PhD paper presentation - Jian Xie
S2.77 Cowling Room

This is an opportunity for our PhD student to present job talk seminar.

Jian will present paper: Investment, Connections, And Innovation: Evidence From Chinese Artificial Intelligence Startups

Fields: Applied Microeconomics

Supervisors: Daniel Sgroi, James Fenske

Fri 17 Jun, '22
-
PhD paper presentation - Diego Calderon
S2.77 Cowling Room

This is an opportunity for our PhD student to practice job talk seminar.

Diego will present paper: Multiple Equilibria And Exchange Rate Volatility

Fields: Macroeconomics

Supervisors: Roger Farmer, Herakles Polemarchakis, Pablo Beker

Thu 23 Jun, '22
-
PhD paper presentation - Bogdan Marcu
S2.79

This is an opportunity for our PhD student to practice job talk seminar.

Bogdan will present paper: Optimal Policy Intervention And The Signal Value Of Prices Under Rational Inattention

Fields: Macroeconomics

Supervisors: Herakles Polemarchakis

Fri 24 Jun, '22
-
PhD paper presentation - Ozge Demirci
S2.79

This is an opportunity for our PhD student to practice job talk seminar.

Ozge will present paper: Adapting Bias In Algorithmic Pricing: Evidence From Insurance Industry

Fields: Labour, Discrimination, Industrial Organization

Supervisors: Manuel Bages, Mirko Draca, Ludovica Gazze

Mon 27 Jun, '22 - Fri 1 Jul, '22
10am - 4pm
CAGE Summer School

Runs from Monday, June 27 to Friday, July 01.

CAGE Summer School in Political Economy

Mon 27 Jun, '22
-
PhD paper presentation - Livia Paranhos
S2.79

This is an opportunity for our PhD student to practice job talk seminar.

Livia will present paper: Monetary Policy Transmission Via Banks: A Forest-Based Estimation Approach

Fields: Macroeconomics, Econometrics

Supervisors: Giovanni Ricco, Ana Galvao

Tue 28 Jun, '22
-
PhD paper presentation - Velichka Dimitrova
S2.79

This is an opportunity for our PhD student to practice job talk seminar.

Velichka will present paper: Returning From Africa. The Fertility Impact Of Mass Skilled Return Migration

Fields: Migration, Economic History, Labor

Supervisors: Manuel Bagues, James Fenske