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:
Events
Mon 23 May, '22- |
Economic History Seminar - Chicheng Ma (HKU) |
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Mon 23 May, '22- |
Econometrics Seminar - Yike Wang (LSE)This seminar is joint with Bristol University and Warwick will be hosting today's event. |
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Tue 24 May, '22- |
CWIP (CAGE Work in Progress) - Neil Lloydvia MS Teams |
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Tue 24 May, '22- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Jan StuhlerS2.79 |
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Wed 25 May, '22- |
Applied Young Economist Webinar Workshop on Firmsvia ZoomThis AYEW Workshop on Firms will be a 1.5 hour event, with three 30-minute presentations. Here are the details:
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Wed 25 May, '22- |
CRETA Theory Seminar - Nima HaghpanahS2.79Title: 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. |
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Thu 26 May, '22- |
Political Economy Seminar - Nathan Canen (CentralUH)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. |
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Mon 30 May, '22- |
PhD paper presentation - Gianni MarcianteS2.79This 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 |
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Tue 31 May, '22- |
CWIP (CAGE Work in Progress) - James FenskeS2.79 via MS Teams |
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Tue 31 May, '22- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Ann Brockmeyer (Institute for Fiscal Studies)S2.79Title to be advised. Seminar organisers: Manuel Bagues & Ludovica Gazze |
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Wed 1 Jun, '22- |
PhD paper presentation - Cora NeumannS2.79This 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 |
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Wed 1 Jun, '22- |
CRETA Theory Seminar - Jacopo PeregoS2.79Title: 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. |
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Mon 6 Jun, '22- |
Econometrics Seminar - Matt Shum (Caltech)via ZoomThis seminar is joint with Bristol University and will be hosting today's event. |
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Tue 7 Jun, '22- |
CWIP (CAGE Work in Progress) - Amrita KulkaS1.50 via MS Teams |
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Tue 7 Jun, '22- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Ralf MartinS2.79Joint with WBS Title: |
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Wed 8 Jun, '22 - Thu 9 Jun, '229am - 5pm |
PhD ConferenceS2.79Runs from Wednesday, June 08 to Thursday, June 09. This is a 2-day conference. Organiser: Alperen Tosun (PGR) |
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Wed 8 Jun, '22- |
CRETA Theory Seminar - Eliot LipnowskiS2.77 Cowling RoomTitle to be advised. |
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Fri 10 Jun, '22 - Sat 11 Jun, '228am - 6pm |
2-Day Theory WorkshopScarman HouseRuns from Friday, June 10 to Saturday, June 11. This workshop is taking place in Scarman House Organiser: Bhaskar Dutta |
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Mon 13 Jun, '22- |
PhD paper presentation - Giulia VattuoneS2.77 Cowling RoomThis 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 |
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Tue 14 Jun, '22- |
CWIP (CAGE Work in Progress) - Eric RenaultS2.77 via MS Teams |
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Tue 14 Jun, '22- |
PhD paper presentation - Shantanu SinghS2.77 Cowling RoomThis 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 |
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Wed 15 Jun, '22- |
PhD paper presentation - Eleonora AlabreseS2.77 Cowling RoomThis 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 |
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Wed 15 Jun, '22- |
CRETA Theory Seminar - Pablo SchenoneS2.77 Cowling RoomTitle to be advised. |
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Thu 16 Jun, '22- |
PhD paper presentation - Jian XieS2.77 Cowling RoomThis 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 |
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Fri 17 Jun, '22- |
PhD paper presentation - Diego CalderonS2.77 Cowling RoomThis 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 |
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Thu 23 Jun, '22- |
PhD paper presentation - Bogdan MarcuS2.79This 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 |
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Fri 24 Jun, '22- |
PhD paper presentation - Ozge DemirciS2.79This 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 |
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Mon 27 Jun, '22 - Fri 1 Jul, '2210am - 4pm |
CAGE Summer SchoolRuns from Monday, June 27 to Friday, July 01. CAGE Summer School in Political Economy |
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Mon 27 Jun, '22- |
PhD paper presentation - Livia ParanhosS2.79This 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 |
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Tue 28 Jun, '22- |
PhD paper presentation - Velichka DimitrovaS2.79This 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 |