Individual responses are an important determinant of public policy effectiveness. Development policies often try to remove barriers that limit the ability to make the preferred choices, hoping that this will lead to prosperity at the individual and aggregate levels. However, removing some, but not all, barriers can lead to undesirable...
I examine economic design issues in the realm of dynamic organ allocation for transplantation and behavioral market design/contract theory. The second and third chapters focus on two issues in the design of the U.S. deceased-donor organ allocation system, which represents the majority of transplants performed in the U.S. In contrast...
In my dissertation I explore several applications of collective household models with limited commitment to study the behavior of singles and couples in the modern US marriage markets in presence of endogenous risk of divorce. In the first chapter, I show that the model is capable of rationalizing the patterns...
This dissertation is divided into three chapters. Chapter one studies changes in market concentration and productivity growth in the United States from the 1990s to the 2010s. Chapter two measures the impact of a banking crisis, the British Panic of 1825, on non-financial firms. Chapter three examines how women's employment...
Chapter 1: Despite the rapid growth of passive ownership over the past 30 years, there is no consensus on how or why passive ownership affects stock price informativeness. This paper provides a new answer to this question by examining how passive ownership changes investors' incentives to acquire information. I develop...
This dissertation consists of three essays on spatially differentiated markets. Generally, I explore how firms and consumers behave in such markets using structural modeling, causal inference and machine learning techniques, as well as high-resolution spatial data. In the first chapter, I study the efficiency of firm location configurations in the...
This thesis considers identification, estimation, and inference in nonparametric settings. Special attention is given to identification with instrumental variables of small support, and in time series via the ergodic assumption. Chapter 1 considers a nonparametric instrumental regression model in which the regressor and instrument are discretely distributed. Here, we strengthen...
This dissertation comprises three essays in distinct areas of economic theory. The first chapter is co-authored with Gregorio Curello. We identify a new and pervasive dynamic agency problem: that of incentivising the prompt disclosure of productive information. To study it, we introduce a model in which a technological breakthrough occurs...
This dissertation contains two studies. In Chapter 1 we investigate the relationshipbetween expansionary credit events and firms’ employment decisions. To overcome the
endogeneity coming from the supply side of credit we exploit the legal and political framework
in Mexico to examine the effects of local governments’ prepayment of loans, a...
This thesis consists of three chapters on macroeconomics with heterogeneous households. In the first chapter, I document that spousal labor supply substantially mitigates the impact of cyclical labor income risk on married households. Motivated by this evidence, I present a macroeconomic model with incomplete markets in which households are heterogeneous...