BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Department of Economics | IP Paris - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Department of Economics | IP Paris
X-ORIGINAL-URL:https://econ.ip-paris.fr
X-WR-CALDESC:Events for Department of Economics | IP Paris
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20220327T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20221030T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20220404T121500
DTEND;TZID=Europe/Helsinki:20220404T133000
DTSTAMP:20260415T121035
CREATED:20220207T095600Z
LAST-MODIFIED:20220329T140627Z
UID:14266-1649074500-1649079000@econ.ip-paris.fr
SUMMARY:Basile GRASSI (Bocconi University) The Hitchhiker's Guide to Markup Estimation"
DESCRIPTION:The Macroeconomics Seminar:\nTime: 12:15 pm – 13:30 pm\nDate: 04 th of April 2022 \nRoom 3001 \nBasile GRASSI (Bocconi University) “The Hitchhiker’s Guide to Markup Estimation” \nAbstract : How do estimates of firm-level markups that rely on production function estimations depend on common data limitations? With a tractable analytical framework\, simulation from a quantitative model\, and firm-level administrative production and pricing data\, we study biases due to the use of revenue instead of quantity\, and due to production function misspecification. Estimates from revenue mismeasure the level of markups\, but do contain useful information about true markups. Conversely\, misspecified production functions have little effect on the estimated average markup but reduce their information content. Finally\, revenue and quantity markups display similar correlations with variables such as profitability and market share in our data. \nJoint work : Maarten De Ridder (LSE)  and Giovanni Morzenti (Boccony University) \nOrganizers:\nAlessandro RIBONI (Polytechnique) \nSponsors:\nCREST \n
URL:https://econ.ip-paris.fr/event/basile-grassi-bocconi-university-t-b-a/
CATEGORIES:Macroeconomics
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR