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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
CALSCALE:GREGORIAN
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UID:event-9153@amse-aixmarseille.fr
DTSTAMP:20260430T142741Z
CREATED:20260430T142741Z
LAST-MODIFIED:20260430T142741Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:phd seminar - Anastasiia Antonova*\, Ernesto Ugolini**
DTSTART:20220517T090000Z
DTEND:20220517T103000Z
DESCRIPTION:*We study the effect of productivity news on firm entry in the 
 model with sunk costs and the possibility of entry delay. Analytically we 
 show that good news increases the incentive to enter due to its effect on 
 the expected firm value\, but at the same time\, it increases the incentiv
 e to delay entry until this news materializes. The presence of entry dela
 y option results in a smaller effect of news on firm entry compared to the
  case with no such option. We evaluate our analytical insights in a quanti
 tative news-driven RBC model\, extended with irreversible firm entry and p
 ossibility of entry delay. In the calibrated model\, we show that the pres
 ence of entry delay option is quantitatively important in determining the 
 magnitude of the effect of productivity news on firm entry.**Globalization 
 stands out among the determinants of populism. Trade entails winners and lo
 sers\, who has demanded direct redistribution (taxes) as compensation for t
 heir losses\, especially in the advanced stages of globalization. Since 199
 0s demand for trade protection as a form of indirect redistribution has par
 tially substituted direct redistribution. I develop a model showing that fr
 ictions in political institutions can explain this trend\, impeding direct 
 redistribution to offset the trade-induced losses. The main results are: (1
 ) if gains from trade are sufficiently high\, losers are better off under f
 ree trade than in autarky in a full democracy\, (2) the effect of trade on 
 demand for redistribution/protection is conditional on political capture. I
  further provide some preliminary empirical evidence of these results.\\n\\
 nContact: Kenza Elass: kenza.elass[at]univ-amu.frCamille Hainnaux: camille.
 hainnaux[at]univ-amu.frDaniela Horta Saenz: daniela.horta-saenz[at]univ-amu
 .frJade Ponsard: jade.ponsard[at]univ-amu.fr\n\nPlus d'informations: https:
 //amse-aixmarseille.fr/en/events/anastasiia-antonova-ernesto-ugolini-0
LOCATION:Îlot Bernard du Bois - Salle 21\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/anastasiia-antonova-ernesto-ugolini-0
CONTACT:Kenza Elass: kenza.elass[at]univ-amu.frCamille Hainnaux: camille.ha
 innaux[at]univ-amu.frDaniela Horta Saenz: daniela.horta-saenz[at]univ-amu.f
 rJade Ponsard: jade.ponsard[at]univ-amu.fr
TRANSP:OPAQUE
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