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771

Cascading Failures in Production Networks

ABSTRACT: This paper analyzes a general equilibrium economy featuring input‐output connections, imperfect competition, and external economies of scale owing to entry and exit. The interaction of input‐output networks with industry‐level market structure affects the amplification of shocks and the pattern of diffusion in the model, generating cascades of firm entry and exit across the economy. […]

772

Competitive Information Disclosure in Search Markets

ABSTRACT: Buyers often search across sellers to learn which product best fits their needs. We study how sellers manage these search incentives through their disclosure strategies (e.g., product trials, reviews, and recommendations) and ask how competition affects information provision. If sellers can observe the beliefs of buyers or can coordinate their strategies, then there is […]

773

John J. McCall

John J. McCall Born: February 28, 1933, Chicago, IL Died: September 24, 2018, Ojai, CA Professor John J. McCall was an emeritus professor of economics at UCLA. He received his BA from University of Notre Dame and his MBA and PhD from the University of Chicago. After receiving his PhD in 1959 he worked full-time […]

774

Professor Emeritus John J. McCall passes away at the age of 85

By John G. Riley, a Distinguished Professor of Economics at UCLA The UCLA Department of Economics is saddened to announce the passing of Professor Emeritus John J. McCall (February 28, 1933—September 24, 2018), he was 85 years old.  John received his BA from University of Notre Dame and his MBA and in 1959 his PhD […]

775

Elham Saeidinezhad

Elham Saeidinezhad is a lecturer of Economics at UCLA. Her recent research lies at the intersection of macroeconomics, finance, and law. She teaches monetary economics, money and banking and macroeconomics.

776

Kathleen McGarry elected to the National Senate for Phi Beta Kappa

The UCLA Department of Economics extends a heartfelt congratulations to Professor Kathleen McGarry on being elected to the National Senate for Phi Beta Kappa.  Founded in 1776, it is the nation’s most prestigious academic honor society.  It has chapters at 286 colleges and universities in the United States, nearly 50 alumni associations, and more than […]

777

Xin Lin

Xin’s LinkedIn page, consisting of names that commonly adorn the tallest skyscrapers in Manhattan, reflects the illustrious career of the young alumnus.  In the seven years following her departure from the Hills of Westwood, she has achieved what is considerable success for most people. However, Xin is not most people. Her propitious forays into the […]

778

Identifying Beliefs from Choice Data

How can we untangle beliefs from tastes in everyday decision-making? A hiring manager may reject a minority job applicant because he believes the candidate is unqualified or because of a personal bias against working with minorities. An admissions officer may reject a minority student because he believes the student is academically weak or because of […]

780

The Good Times Can Roll On

This originally appeared in the August 24, 2018 print edition of the Wall Street Journal By Edward C. Presscott and Lee E. Ohanian.  Lee E. Ohanian is a Professor of Economics, and Director of the Ettinger Family Program in Macroeconomic Research at UCLA. The economy isn’t on a “sugar high.” Pro-market policy improved incentives to work […]