Economics - Theses
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Empirical studies on firm-level productivity and innovation
In Chapter 1, I define a novel concept of low productivity spells. Instead of treating productivity as a continuous variable, I define a low-productivity state as poor productivity growth over 2 years consecutively. This ...
Essays in macroeconomics
This thesis studies three essays in macroeconomics. The first study evaluates the welfare effects of trade in a setting with risk averse workers and uncertainty in labour market outcomes. We provide conditions under which ...
Measuring the macroeconomic impact of uncertainty
This dissertation provides three chapters that study uncertainty and its macroeconomics effects by using large data sets and combining both empirical and theoretical evidence. In the first chapter, we develop uncertainty ...
Challenges in early adulthood and the timing of nest-leaving
Recent young adult cohorts have delayed moving out from the parental home, reflecting social trends and macroeconomic conditions that undermine the affordability of independent living. This dissertation focuses on the ...
Decision-making under pressure: a study of tennis professionals
This thesis examines the effect of pressure on a sample of highly-trained individuals in a simple strategic setting. By modelling the strategic interaction between servers and receivers in professional tennis matches, ...
Beliefs and learning in the laboratory: essays in experimental economics
This thesis uses economic experiments to contribute to the literature on belief elicitation and learning. Belief elicitation helps researchers disentangle the ways that preferences and beliefs jointly govern the decision-making ...
Monte Carlo methods for pricing early-exercise financial derivatives
Pricing and hedging early-exercise financial derivatives has long been a challenging problem for both industrial practitioners and academic researchers. Especially, when the driving dynamics are of path-dependence and high ...
Sports behaving badly: an economic study of momentum
This thesis studies momentum and the behavioral implications of leading and lagging in multi-stage tournaments. More specifically, it tests the predicted outcomes of best-of-k tournaments using two contrasting theories of ...
When do trade networks matter in aggregate?: Essays in international trade
This thesis studies the informational effects of trade networks from an aggregated viewpoint. A recent literature shows that an enhanced trade network can allow a firm to lower informational frictions, leading to significant ...
Essays on financial literacy and decision-making
This thesis consists of three essays on financial literacy and financial decision-making. Chapter 2 investigates how financial sophistication affects (i) the average active superannuation investment allocation and (ii) the ...