On January 16th, Aleksandra Lukina (University of Chicago) will make a presentation «Finding Poverty Traps: Theory» at the St. Petersburg Economic Seminar.
Abstract. Models of poverty traps are dynamical systems with more than one attractor. Similar dynamical systems arise in optimal growth and macroeconomic models. These systems are often studied empirically by ad hoc methods relying on intuition from deterministic systems, such as looking for multiple peaks in the distribution of states. We show that in a stochastic model of poverty traps, multiple peaks may not exist, or may be very hard to detect and that some deterministic attractors are stochastically stable, while others are not. We examine the comparative statics of stochastically stable states and show how deterministic models give correct short-run descriptions of the model’s dynamic behavior, but incorrect long-run descriptions.
The St. Petersburg Economic Seminar is held weekly on Thursdays. The working language of the Seminar is English.
The seminar is organized by the European University in St. Petersburg together with the Higher School of Economics and The St. Petersburg Department of Steklov Institute of Mathematics of Russian Academy of Sciences.
Venue: St. Petersburg, Fontanka Embankment, 27, PDMI RAS, Marble Hall, 2nd floor
Time: 18:00 – 19:30.
Upcoming presentations:
January 16: Aleksandra Lukina (University of Chicago). Finding Poverty Traps: Theory.
January 23: Jacques-François Thisse (University of Louvain). Income Sorting Across Space: The Role of Amenities and Commuting Costs.
January 30: Rustam Hakimov (University of Lausanne). TBA.
February 6: Fedor Iskhakov (Australian National University). TBA.
February 13: Anastasia Antsygina (HSE Moscow). Victim-Defendant Settlements under Asymmetric Bargaining Positions: The Role of Wealth and Connections in Access to Justice.
February 20: Roman Popov (EUSP). Human Capital and Trade Liberalization.
February 27: Mikhail Sokolov (EUSP). How to Measure Average Rate of Change?
Past presentations:
December 26: Kirill Shakhnov (Einaudi Institute for Economics and Finance). Limited Participation and Local Currency Sovereign Debt.
December 19: Олег Баранов (University of Colorado Boulder). Revealed Preference and Activity Rules in Dynamic Auctions.
December 12: Frederick van der Ploeg (OxCarre). Harnessing and Managing Natural Resource Windfalls.
December 5: Roman Zakharenko (HSE Moscow). Traffic Priority Mechanisms.
November 28: Mark Levin (HSE Moscow). Club Goods, Manipulation and the Digital Economy.
November 21: Zuzanna Fungacova (BOFIT). Political Cycles and Bank Lending in Russia.
November 14: Mikhail Panov (HSE St. Petersburg). Agreements in Continuous Time.
November 7: Bohumil Stadnik (University of Economics in Prague). Where Is the Trouble of Black–Scholes?
October 31: Hubert Kempf (Ecole Normale Supérieure Paris-Saclay). Monetary Union as an International Monetary System.
October 24: Mikhail Pakhnin (EUSP). On Hyperbolic Discounting and Observational Equivalence.
October 17: Herve Moulin (Glasgow University). Guarantees in Fair Division, under informational parsimony.
October 10: Kirill Borissov (EUSP). Economic Growth Models with Consumption Externalities.
October 3: Philipp Ushchev (HSE St. Petersburg). Social Norms in Networks (joint with Yves Zenou, Monash University).
September 26: Kiminori Matsuyama (Northwestern University). Reconsidering the Market Size Effects in Innovation and Growth (joint with Mathieu Parenti and Helene Latzer).
September 19: Pavel Andreyanov (HSE Moscow). Detecting Auctioneer Corruption: Evidence from Russian Procurement Auctions (joint with Alec Davidson and Vasily Korovkin).
September 12: Marcelo Ariel Fernandez (Johns Hopkins University). Deferred Acceptance and Regret-Free Truth-telling: A Characterization Result.
September 5: Constantine Sorokin (Glasgow University). A New Approach to Contests with Complete and Incomplete Information.