Georgy Egorov
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Nes Delivers Up-To-Date Economics Research And
NES DELIVERS UP-TO-DATE ECONOMICS RESEARCH AND EDUCATION, MAKING A VALUABLE CONTRIBUTION TO THE RUSSIAN SOCIETY, STATE AND BUSINESS 2021 New Economic School NES MISSION «NES does not rest NES delivers up-to-date Economics research and education, making on its laurels». a valuable contribution to the Russian society, state and business. NES nurtures a community of world-class economists in Russia by: • educating the best professionals in Economics in line with international standards • inviting academic talent from all over the world, including bringing Russian economists back home RUBEN ENIKOLOPOV Rector of the New Economic School • creating and supporting international research groups Full Professor • conducting internationally competitive research NES alumnus, MAE’2002 • boosting quality and prestige of Economics degrees The New Economic School has been a lead- • shaping new approaches to economic challenges er in economic education and research in Russia for many years. NES professors hold • helping the state institutions and businesses make managerial PhD degrees in economics and finance from decisions and shape their economic policies the world’s leading universities and publish their research in the world’s best academic • contribute to the Russian economy by delivering quality education journals. NES graduates are highly valued in in Economics and Finance as well as by carrying out applied and various fields: business, the public sector and academic research projects academia. NES does not rest on its laurels. The develop- ment strategy adopted this year defines our priorities for the next five years: strengthen- ing the School’s unique community, moving NES VALUES to our own campus, transition to a full cycle university by launching a PhD program, fur- ther development of the undergraduate and Professionalism master’s degree programs, and ensuring the financial independence and sustainability of Responsibility the School. -
A POLITICAL THEORY of POPULISM* Daron Acemoglu Georgy Egorov Konstantin Sonin I. Introduction There Has Recently Been a Resurgen
A POLITICAL THEORY OF POPULISM* Daron Acemoglu Georgy Egorov Konstantin Sonin When voters fear that politicians may be influenced or corrupted by the rich elite, signals of integrity are valuable. As a consequence, an honest polit- ician seeking reelection chooses ‘‘populist’’ policies—that is, policies to the left of the median voter—as a way of signaling that he is not beholden to the interests of the right. Politicians that are influenced by right-wing special interests re- Downloaded from spond by choosing moderate or even left-of-center policies. This populist bias of policy is greater when the value of remaining in office is higher for the polit- ician; when there is greater polarization between the policy preferences of the median voter and right-wing special interests; when politicians are perceived as more likely to be corrupt; when there is an intermediate amount of noise in the information that voters receive; when politicians are more forward-looking; and http://qje.oxfordjournals.org/ when there is greater uncertainty about the type of the incumbent. We also show that soft term limits may exacerbate, rather than reduce, the populist bias of policies. JEL Codes: D71, D74. I. Introduction There has recently been a resurgence of ‘‘populist’’ politicians in several developing countries, particularly in Latin America. at MIT Libraries on April 24, 2013 Hugo Cha´vez in Venezuela, the Kirchners in Argentina, Evo Morales in Bolivia, Alan Garcı´a in Peru, and Rafael Correa in Ecuador are some of the examples. The label populist is often -
The Killing Game: a Theory of Non-Democratic Succession
Research in Economics 69 (2015) 398–411 Contents lists available at ScienceDirect Research in Economics journal homepage: www.elsevier.com/locate/rie The killing game: A theory of non-democratic succession Georgy Egorov a,n, Konstantin Sonin b,c a Northwestern University, United States b University of Chicago, United States c Higher School of Economics, Moscow, Russia article info abstract Article history: The winner of a battle for a throne can either execute or spare the loser; if the loser is Received 13 April 2015 spared, he contends the throne in the next period. Executing the losing contender gives Accepted 26 May 2015 the winner a chance to rule uncontested for a while, but then his life is at risk if he loses to Available online 16 July 2015 some future contender who might be, in equilibrium, too frightened to spare him. The Keywords: trade-off is analyzed within a dynamic complete information game, with, potentially, an Non-democracy infinite number of long-term players. In an equilibrium, decisions to execute predecessors Succession depend on the predecessors’ history of executions. With a dynastic rule in place, Execution incentives to kill the predecessor are much higher than in non-hereditary dictatorships. Reputation The historical illustration for our analysis contains a discussion of post-World War II Markov perfect equilibrium politics of execution of deposed leaders and detailed discussion of non-hereditary military dictatorships in Venezuela in 1830–1964, which witnessed dozens of comebacks and no single political execution. & 2015 Published by Elsevier Ltd. on behalf of University of Venice. “Who disagrees with our leadership, will get a spit into his face, a blow onto his chin, and, if necessary, a bullet into his head”. -
14.770: Introduction to Political Economy
14.770: Introduction to Political Economy Daron Acemoglu and Benjamin Olken Fall 2018. This course is intended as an introduction to field of political economy. It is the first part of the two-part sequence in political economy, along with 14.773 which will be offered in the spring. Combined the purpose of the two classes is to give you both a sense of the frontier research topics and a good command of the tools in the area. The reading list is intentionally long, to give those of you interested in the field an opportunity to dig deeper into some of the topics in this area. The lectures will cover the material with *'s in detail and also discuss the material without *'s, but in less detail. Grading: Class requirements: • Problem sets (50% of grade). You may work in groups of maximum 2 students on the problem sets, and even then each of you must hand in your own solutions. There will be approximately 5-6 problem sets in total, covering a mix of theory and empirics. • Final Exam. (40% of grade). • Class participation (10% of grade) Course Information: Professors Daron Acemoglu: [email protected] Benjamin Olken: [email protected] Teaching Assistant Mateo Montenegro: mateo [email protected] Lecture MW 10:30-12:00 (E51-376) Recitation F 12:00 - 1:00 (E51-372) 1 Collective Choices and Voting (DA, 9/6 & 9/11) These two lectures introduce some basic notions from the theory of collective choice and the basic static voting models. 1. Arrow, Kenneth J. (1951, 2nd ed., 1963). -
Political Economy of Redistribution
DISCUSSION PAPER SERIES DP11285 POLITICAL ECONOMY OF REDISTRIBUTION Daniel Diermeier, Georgy Egorov and Konstantin Sonin DEVELOPMENT ECONOMICS and PUBLIC ECONOMICS ISSN 0265-8003 POLITICAL ECONOMY OF REDISTRIBUTION Daniel Diermeier, Georgy Egorov and Konstantin Sonin Discussion Paper 11285 Published 18 May 2016 Submitted 18 May 2016 Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK Tel: +44 (0)20 7183 8801 www.cepr.org This Discussion Paper is issued under the auspices of the Centre’s research programme in DEVELOPMENT ECONOMICS and PUBLIC ECONOMICS. Any opinions expressed here are those of the author(s) and not those of the Centre for Economic Policy Research. Research disseminated by CEPR may include views on policy, but the Centre itself takes no institutional policy positions. The Centre for Economic Policy Research was established in 1983 as an educational charity, to promote independent analysis and public discussion of open economies and the relations among them. It is pluralist and non-partisan, bringing economic research to bear on the analysis of medium- and long-run policy questions. These Discussion Papers often represent preliminary or incomplete work, circulated to encourage discussion and comment. Citation and use of such a paper should take account of its provisional character. Copyright: Daniel Diermeier, Georgy Egorov and Konstantin Sonin POLITICAL ECONOMY OF REDISTRIBUTION Abstract It is often argued that additional constraints on redistribution such as granting veto power to more players in the society makes property better protected from expropriation. We use a legislative bargaining-type model to demonstrate that this intuition may be ‡flawed. Increasing the number of veto players or raising the supermajority requirement for redistribution may reduce protection on the equilibrium path. -
Endogenous Property Rights
NBER WORKING PAPER SERIES ENDOGENOUS PROPERTY RIGHTS Daniel Diermeier Georgy Egorov Konstantin Sonin Working Paper 19734 http://www.nber.org/papers/w19734 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2013 We are grateful to seminar participants in Princeton, Moscow, Frankfurt, Mannheim, Northwestern, the University of Chicago and to participants of MACIE conference in Marburg and CIFAR meeting in Toronto for valuable comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Daniel Diermeier, Georgy Egorov, and Konstantin Sonin. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Endogenous Property Rights Daniel Diermeier, Georgy Egorov, and Konstantin Sonin NBER Working Paper No. 19734 December 2013 JEL No. D72,D74,P48 ABSTRACT It is often argued that additional checks and balances provide economic agents with better protection from expropriation of their wealth or productive capital. We demonstrate that in a dynamic political economy model this intuition may be flawed. Surprisingly, increasing the number of veto players or the majority requirement for redistribution may reduce property right protection on the equilibrium path. The reason is the existence of two distinct mechanisms of property rights protection. One are formal constraints that allow individuals or groups to block any redistribution which is not in their favor. -
BENJAMIN POLAK Yale University Office of the Provost Warner House | 1 Hillhouse Avenue | New Haven, CT 06511 Ph
BENJAMIN POLAK Yale University Office of the Provost Warner House | 1 Hillhouse Avenue | New Haven, CT 06511 ph. (203) 432 4444 | fax (203) 432 0161 | e-mail: [email protected] CURRENT POSITION: Provost; William C. Brainard Professor of Economics; Professor, School of Management RESEARCH AND TEACHING AREAS: Microeconomic Theory, Economic History DEGREES 1987-92 Ph.D. (1992) Economics, Harvard University Thesis: “Problems from the History of Capital Markets” 1984-85 M.A. (1986) History, Northwestern University Thesis: “Rinderpest and Kenya in the 1890s” 1981-84 B.A. (1984) Economics (first class honors), Cambridge University (Trinity College) Dissertation: “Agricultural Credit and Rural Differentiation in Highland Kenya” AWARDS/FELLOWSHIPS 2008- William C. Brainard Professor of Economics 2006 The Lex Hixon ’63 Prize for Teaching Excellence in the Social Sciences, Yale College 2005 Graduate Teaching Prize, Economics Department, Yale University 2005 William Clyde DeVane Medal for undergraduate teaching and scholarship at Yale College 2004 Graduate Advising Prize, Economics Department, Yale University 2000 Yale Course Critique Outstanding Course List: Econ 159 (joint 3rd), and Econ 159a (joint 8th) 1999-2001 Henry Kohn Associate Professor Chair, Yale University 1998 Graduate Advising Prize, Economics Department, Yale University 1998 Graduate Teaching Prize, Economics Department, Yale University 1998 Alfred P. Sloan Research Fellowship 1997 Yale Junior Faculty Sabbatical Fellowship 1996 Summer Research Support, MacArthur Foundation 1991-94 -
New Economic School Modern Economic Education Modern Economic the Russian for and Research and State Business Society, Mission of Nes
NEW ECONOMIC SCHOOL MODERN ECONOMIC EDUCATION MODERN ECONOMIC THE RUSSIAN FOR AND RESEARCH AND STATE BUSINESS SOCIETY, MISSION OF NES NES IS COMMITTED TO BUILDING A SUSTAINABLE ECONOMICS MODERN COMMUNITY CAPABLE OF PROMINENTLY REPRESENTING ECONOMIC RUSSIA IN THE GLOBAL ECONOMICS PROFESSION BY: EDUCATION training new academic economists AND RESEARCH producing globally competitive economics research FOR THE RUSSIAN bringing back foreign-trained Russian economists to work in Russia contributing to improving Russia’s public policy through both SOCIETY, graduate training in economic policy and applied research at its Center for Economic and Financial Research BUSINESS AND STATE NES VALUES PROFESSIONALISM RESPONSIBILITY MUTUAL RESPECT INTEGRITY NEW ECONOMIC SCHOOL RUBEN ENIKOLOPOV Rector of the New Economic School (NES alumnus, MAE’2002) “The New Economic School is a university with unique atmosphere that tunes to a lively and genuine interest in economics. I know this firsthand – after all, I myself once graduated from the School with a Master’s Degree. The fundamental knowledge that can be obtained at NES is also highly demanded in business. At present as the School Rector I can say that both I and the entire university governance are making and of course will make every effort to maintain a high level of education at NES, so that the School remains the leading educational institution of Russia and Eastern Europe”. 3 NEW ECONOMIC SCHOOL Alexander Fridman Don Patinkin Arkady Dvorkovich Barry Ickes Gur Ofer Zarema Kasabieva Valery Makarov Zvi Griliches Shlomo Weber Victor Polterovich Sergei Guriev Stanislav Anatolyev Maxim Boycko Alexei Goriaev Konstantin Sonin HISTORY Pavel Katyshev Oleg Zamulin Oleg Shibanov 4 HISTORY OF NES 1992 Establishment of the New Economic School. -
Department of Economics, MIT, Cambridge, MA, USA
Sergei Izmalkov New Economic School, Phone: 7(495) 129-3911 100A Novaya st, Skolkovo, Fax: 7(495) 129-3722 143026, Moscow, Russia E-mail: [email protected] Curriculum Vitae Personal Data Date of birth: 26 December 1972, Citizenship: Russian Federation Current Position BP Associate Professor of Economics, from June 2012 (Associate Professor of Economics, from June 2008), Head of the Academic Council, from June 2010, Managing Director, Center for the Study of Diversity and Social Interactions, from September 2013, New Economic School, Moscow, Russia Previous Positions Assistant Professor, July 2002 – June 2008, Department of Economics, MIT, Cambridge, MA, USA Education 2002, Ph.D. in Economics, The Pennsylvania State University Thesis: Essays on Auctions and Efficiency Advisor: Vijay Krishna 1997, M.A. (cum laude) in Economics, New Economic School, Moscow, Russia 1994, Diploma (cum laude) in Mathematics, Moscow State University, Moscow, Russia, (5 year degree with thesis, ≈ M.S.) External Funding 2015-2017, Russian Science Foundation (RSF): award 15-18-30081, PI, 21 mln Rus. rbs., “Economics of new information markets and their optimal design” 2011-2014, Mistra: Arctic games, member of the team 2013-2014, SkTech seed grant, $300.000 (NES), awarded/ not signed “Virtual Digital Trust: Securing Digital Transactions Without Trusted Parties,” co-PI with Silvio Micali 2006-2010, NSF: SES-0551244, $274,272, “Cryptographic Game Theory,” co-PI with Silvio Micali. Publications Arctic Games: An analytical framework for identifying options for sustainable natural resource governance, with several coauthors, the Polar Journal, 2016, to appear Sponsored-Search Auctions: Empirical and Experimental Works, in Russian, with Denis Davydov and Alexei Smirnov, Journal of the New Economic Association, New Economic Association, vol. -
Philip A. Haile
PHILIP A. HAILE Department of Economics, Yale University (203) 432-3568 37 Hillhouse Avenue [email protected] New Haven, CT 06511 USA http://www.econ.yale.edu/∼pah29 August 2021 CURRENT ACADEMIC APPOINTMENTS Ford Foundation Professor of Economics, Yale University, 2005{present Research Staff, Cowles Foundation for Research in Economics, 2003{present Research Associate, National Bureau of Economic Research, 2007{present International Fellow, Centre for Microdata Methods and Practice, University College, London, 2014{present PRIOR ACADEMIC APPOINTMENTS Visiting Scholar, Stanford University, 2008{2009 Faculty Research Fellow, National Bureau of Economic Research, 2001{2007 Professor of Economics, Yale University, 2003{2005 Professor of Economics, University of Wisconsin-Madison, 2002{2003 Visiting Assistant Professor of Economics, University of Chicago, 2001-2002 Assistant Professor of Economics, University of Wisconsin-Madison, 1996{2002 EDUCATION Northwestern University, Ph.D. (Economics), 1996 Duke University, A.B. (Economics), 1988 RESEARCH GRANTS National Science Foundation grant SES-0849336, 2009{2014, \Identification, Estimation, and Applications in Auction and Differentiated Products Markets" National Science Foundation grant SES-0112047, 2001{2005, \Empirical Analysis of Auctions" National Science Foundation grant SBR-9809082, 1998-2001, \Analysis of Auctions" Wisconsin Alumni Research Foundation Grant, University of Wisconsin, 1997-1998 Dissertation Fellowship, Ameritech Foundation/Consortium for Research on Telecommunica- tions -
Curriculum Vitae
Curriculum Vitae STANISLAV A. ANATOLYEV Associate Professor of Economics Access Industries Professor of Economics CERGE-EI New Economic School Politických vězňů 7, office 316 Skolkovskoye shosse, 45, office 2.39 Prague 1, Czech Republic, 111 21 Moscow, Russia, 121353 Phone: +420-224 005 229 Phone: +7 495 956-9508 ext 233 E-mail: [email protected] E-mail: [email protected] Web: www.cerge-ei.cz/people/stanislav-anatolyev Web: pages.nes.ru/sanatoly Professional Status Permanent positions: Associate Professor (tenured), CERGE-EI (under US permanent charter), Prague, 2016–present Full Professor, New Economic School, Moscow, 2009–present Associate Professor (tenured), New Economic School, Moscow, 2007–2008 Assistant Professor (tenure track), New Economic School, Moscow, 2000–2006 Visiting positions: Fernand Braudel Senior Fellow, European University Institute, Florence, Italy, Nov 2013–May 2014 Researcher, Bank of Finland Institute for Economies in Transition (BOFIT), Helsinki, Finland, Jan–Apr 2005 Visiting lecturer, New Economic School, Moscow, May–Jun 1998, May–Jun 1999 Academic background: University of Wisconsin-Madison, Ph.D., Economics, 2000 University of Wisconsin-Madison, M.Sc., Economics, 1997 New Economic School, Moscow, M.A., Economics, cum laude, 1995 Moscow Physico-Technical Institute, Diploma, Applied Mathematics, 1992 Research Interests in Econometrics Method of moments: Many instruments, many regressors, optimal instruments, empirical likelihood, weak identification, large factor models, shrinkage methods Time series modeling, estimation and testing: Return prediction, directional forecasting, asymmetric loss, ARCH models, copulas, volatility, higher order moments, conditional density, sequential testing Research and Publications Web of Science/Scopus: publications: 47/52, citations: 264/308, h-index: 9/9 Books: Stanislav Anatolyev and Nikolay Gospodinov. -
CV, Natalya Naumenko
Natalya Naumenko Placement Director: Professor Matthias Doepke 847-491-8207 [email protected] Placement Administrator: Mercedes Thomas 847-491-5694 [email protected] Contact Information Department of Economics Mobile: 224-730-0003 Northwestern University [email protected] 2211 Campus Drive www.sites.northwestern.edu/nnl504 Evanston, IL 60208 Citizenship: Russia Field Economic History Education Ph.D., Economics, Northwestern University, 2018 (Anticipated) Dissertation: An Economic History of the 1933 Soviet Famine. Committee: Joel Mokyr (Chair), Nancy Qian, Joseph Ferrie, Andrei Markevich, Yohanan Petrovsky- Shtern M.A., Economics, New Economic School, Russia, 2012 B.S., Mathematics, Novisibirsk State University, Russia, 2006 Fellowships & Economic History Association Sokoloff Dissertation Fellowship, 2017 Awards Northwestern University Dissertation Year Fellowship, 2017 Northwestern University Conference Travel Grant, 2016 Northwestern University Distinguished Teaching Assistant Award, 2015 New Economic School: graduated with cum laude, 2012 New Economic School: full educational grant due to excellent academic performance, 2010 – 2012 Novosibirsk State University: graduated with cum laude, 2006 Teaching Experience Lecturer, Northwestern University, 2016 Math camp for incoming PhD students Teaching Assistant, Northwestern University, 2016 European economic history Graduate microeconomics Teaching Assistant, Northwestern University, 2014 – 2015 Graduate microeconomics Teaching Assistant, New Economic School,