Econ150_F

Seminar Series

Fall 2014

Department Mini-Seminar Series

Wednesday, September 24, 2014  3:30 - 4:00 p.m. WB
  Jean Paul Rabanal

Ratings and conflict of interests in the lab

Most market observers attribute financial crisis to: excess leverage, underestimation of risk, market-distorting regulations, a rise in the popularity of new asset classes whose risks were difficult to assess, as well as credit-rating agency conflict of interests. The conflict of interests arises due to the design of the market. The issuer of the financial asset (for example, a bond) pays to the credit rating agency for its rating on the quality of the asset. The rating agency might prefer to give a better rating than in normal circumstances in order to keep doing business with their clients (issuers).  This project seeks to analyze whether the conflict of interests can distort the quality of assets present in the market. The novelty of this project is that we design a laboratory experiment in which we can control for attributes that are hard to measure in field data. That is, what type of information do rating agencies have about the issuers? Do they truthfully report what they observe? The theoretical background of the experiment relies on recent work by Bolton, Freixas and Shapiro (2012, Journal of Finance), and the implementation of the experiment is expected to start soon at Miller College of Business with BSU undergraduates, and at Simon Fraser University (Canada).  

University Seminar  Series

Friday, October 10, 2014 3:00 - 4:30 p.m. WB 151
  Anna Fitzpatrick

Spring 2014

Date
Speaker Affiliation Presentation
February 21           Boris Zhukov          
Ball State
   University   
Measuring College Price Indices
March 28
Andy Glover

 University of Texas at Austin

Intergenerational Redistribution in the Great Recession
April 4
Brian Roe
Ohio State
University  
eBay: Trash or Treasure? Multidimensional Quality Sorting Between Online and Offline Auctions
April 18
Bree J. Lang
Xavier University 
Housing Density and the Low-Income Housing Tax Credit

 

Fall 2013

Date

Speaker

Affiliation

Title of Paper

September 27            
Seth Freedman
Indiana University
Are There Heterogeneous Effects of Electronic Medical Record Adoption on Patient Health Outcomes?
October 9
Maoyong Fan, Erik Nesson & Cliff Stone
Ball State University

Fan - Water Pollution and Cancer Mortality in China

Nesson - Measuring and Ranking Health Systems Using Entropic Aggregation

Stone - Will Students Ever Learn Economic Principles?  Are They Really That ObTUCE?

October 11
Steve Woodbury
Michigan State University
 
Long-Term Effects of Job Search Assistance
November 15
Asako Moriya
Indiana University
 Access to Health Insurance and Utilization of Medical Care: Evidence from the 2010 ACA Extension of Health Insurance to Young Adults


 

* Seminar starts at 3:00 p.m. in WB 151.

Department of Economics
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