ICAE Research Seminars February 9-10: Pedro Salas-Rojo (PhD Thesis Seminar UCM) & Nicolas Motz (UC3M & UCM)

• Wed, February 9th, 2021, 13:00 h. Webinar!!!
• Speaker: Pedro Salas-Rojo (PhD Candidate UCM & Equalitas)
• Thesis Title: Three Essays on Economic Inequality
• Papers here and here

Papers: Inheritances and Wealth Inequality: A Machine Learning Approach  The Distribution of Wealth in Spain and the USA: The Role of Socioeconomic Factors Estimating Income Inequality with Missing Values

• Wed, February 10th, 2021, 13:00 h. Webinar!!!
• Speaker: Nicolas Motz (UC3M & UCM)
• Title: A generalized measure of bargaining power, with an application to EU law-making (joint with with J-S Görlach, Bocconi,  and C Odendahl, CER)

Abstract: Currently, methods for computing the bargaining power of the players in a game exist only in specific contexts. We propose a measure of bargaining power that can be applied to a broad class of games. As an application, we use our measure to investigate the influence of the institutions of the European Union on EU legislation. To do so, we structurally estimate a model of legislative bargaining based on data detailing the events during the bargaining over each legislative proposal. Contrary to conventional wisdom, our results indicate that the European Commission has a limited influence over EU laws, while the European Parliament has the strongest bargaining power.

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