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Financial Economics. I have done mostly
theoretical work regarding the general equilibrium
properties of economies with market frictions, like transaction costs
and especially private information. I have also studied several
applications to various themes in finance, like bankruptcy,
managerial compensation, and asset prices.
Social Economics. I have done theoretical and empirical work on the intergenerational transmission of culture, as mechanisms for the formation of preferences and norms. The specific cultural/preference traits that I am mostly interested in include, religious affiliation, preferences for status goods, and norms associated to the work ethic. (The New Palgrave entry on "cultural transmission" which I have written with T. Verdier summarizes the topic.) Behavioral Economics. I have studied a theoretical model of inter-temporal choice characterized by preferences for the present which are inconsistent with exponential discounting. The model is inspired by studies of cognitive processing in the neurosciences. I am also involved in various experimental projects also geared at understanding inter-temporal choice and preferences for the present. |
This site was last updated 01/26/07