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The rise of information technology has made it relatively simple to change prices over the life of a product. Such “dynamic pricing” is important for many industries: In retailing, sellers can carefully manage end-of season sales; in the airline industry, firms can adjust the price of a particular flight to the number of seats sold, […]
Lee Ohanian and Edward Prescott recently published an article in the Wall Street Journal titled “What in the Sam Hill are Cows Doing on the Sand Hill Road?” Here is the text of the article in its entirety: “If you stroll down Sand Hill Road in Menlo Park, Calif., you will find yourself among […]
UCLA alumnus Greg Passani’s foray into the investment banking industry was anything but typical. Currently an Associate at Intrepid Investment Bankers, Passani received his B.A. in Economics at UCLA in 2011, after which he went on to work as a private equity intern at OpenGate Capital, which focuses on acquiring corporate carve-outs, divestitures and special […]
Lee Ohanian recently co-published an article with Ted Temzelides in the Wall Street Journal titled “My Kingdom for a Renewable Energy Source.” Here is the text of the article in its entirety: ‘In 50 years, every street in London will be buried under 9 feet of manure.” With this 1894 prediction, the London Times […]
Martin Hackmann and Benjamin Friedrich’s article “The Returns to Nursing: Evidence from Parental Leave Program” was featured in this week’s Freakonomics Radio Podcast. The host of the podcast discusses the article, and interviews Martin and Benjamin in the radio program.
In a New York Times article titled “How A Healthy Economy Can Shorten Lifespans“, the author mentions Adriana Lleras-Muney’s research on the effects of industrial pollution on one’s quality of life and lifespan. The article outlines how many economic factors, like the boom and bust cycle, can adversely affect a person’s health. The article specifically […]
It is with deep sadness that we mourn the death of our colleague Michael Intriligator. Once aware of the seriousness of his illness, Mike faced his prospects with the same courage, determination and equanimity that characterized his very full and productive life. When I arrived at UCLA in 1973, Mike, by then a ten year […]
UCLA alumnus Deborah Feinerman, current Executive Vice President of Business Affairs and Legal at Paramount Worldwide Distribution, exemplifies the powerful woman—but she didn’t follow a sure-footed path to her success. After Deborah received a B.A. in Economics from UCLA decades ago, she veered away from a business-centric path and instead proceeded to Loyola Law School […]
Over half of the uninsured struggle to pay their medical bills. This suggest that expanding health care coverage may significantly mitigate financial distress faced by consumers, particularly those with lower incomes who have limited ability to bear the financial burdens that accompany adverse health shocks. In ongoing research, joint with Daniel Grodzicki (Penn State) and […]
As part of the MAE Distinguished Speaker series, Pat Bajari, the Chief Economist of Amazon, gave a talk on using big data in practice. His talk focused on the methodology of how to continuous refine algorithms to make steady improvements, by developing new models, training them on data and then testing them against competitors. […]
UCLA Department of Economics