Applied Microeconomics
Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
MIWP (Microeconomics Work in Progress) Workshop - Agustin Trocoli Moretti (UPF)
Title: Prerationality in Decision Trees with Menu Consequences
Abstract: This paper extends previous work on consequentialist decision theory to allow timed consequences that accrue at intermediate, non-terminal nodes. This extension implies that each path through a decision tree is mapped to a unique intertemporal consequence stream. Based on results from Hammond (1988b, 2022) concerning consequentialist normal form invariance and prerationality, we consider actual behaviour which, unlike plans or intentions, is dynamically consistent by definition. We prove that actual behaviour is prerational and continuous on Marschak triangles if and only if it maximizes a Bayesian rational base preference relation that is represented by the expected value of a Bernoulli utility index defined on the domain of consequence streams. We also permit any intermediate consequence to include a "menu'' which depends on the set of consequences that are feasible in the continuation subtree whose initial node is the relevant consequence node. Introducing menu consequences allows prerational behaviour to become consistent with a plethora of prima facie 鈥渘on-consequentialist鈥� phenomena. Prominent examples include apparent violations of the ordinality and independence axioms of expected utility theory. Other instances of 鈥渕enu effects鈥� include temptation and regret.