Professor Fadel Lawandy has been selected as the Interim Director of the C. Larry Hoag Center for Real Estate and Finance. A Southern California native, Lawandy earned his B.S./B.A. Finance and International Business from Chapman University in ‘99, and went on to earn his MBA. Alongside his recent appointment, Professor Lawandy also teaches investment courses
Mar. 8, Tony Kwasnica, Ph.D. – A Laboratory Comparison of Auctions and Sequential Mechanisms Abstract: When bidders incur a cost to learn their valuations, bidder entry can impact auction performance. Two common selling mechanisms in this environment are an English auction, and a sequential bidding process. Bulow and Klemperer (2009) show, theoretically, that sellers should
The Hoag Center for Real Estate and Finance at Chapman University will host the OC Home Fair on its Orange campus Saturday, March 23, from 9 a.m. to 4 p.m. The educational event, which features 25 different sessions to choose from and 40 vendors representing various aspects of home ownership, is free and open to
Why Do We Want Prices in Health Care? by Megan McArdle Feb 27, The Daily Beast Other governments use fiat to set prices in the health care market. I talk to economist Bart Wilson about the potential pitfalls. A couple of days ago I fell to talking about price-setting in health care with a certified
Feb. 22nd, Jordi Brandts Bernad, Ph.D. – Let’s Talk: How communication affects contract design. The IFREE/ESI Lecture Series is free and open to the public. For more information on future lectures, please visit our website. A video of the lecture will be posted here soon. Abstract: We study experimentally how the ability to communicate affects
Two dozen students from the Argyros School of Business and Economics (ASBE) at Chapman University enjoyed an informative – if nippy – trip to New York City this winter to meet with some of the top executives and representatives of the Wall Street financial world. “Walk on Wall Street,” taught by Terry Burnham, associate professor,
Feb. 1st, Ron Siegel, Ph.D. – Large Contests Abstract: We consider contests with many, possibly heterogeneous, prizes and players that include many existing contest models as special cases. We show that the outcome of such contests is approximated by an appropriately defined set of incentive-compatible individually-rational single-agent mechanisms. Bio: Ron Siegel is an assistant professor
Chapman University, in partnership with AnyMeeting.com, a leading provider of web conferencing, will be the host site for the AnyMeeting WebRTC Hackathon planned Saturday, Jan. 26. Influxis, a live streaming and real-time application hosting provider, has signed on to be a sponsor of the event along with TokBox, creators of the OpenTok video platform, who
It is five years since the Great Re-cession began in the fourth quarter of 2007. Measured in Depression Clock Time, it is 1934, when the U.S. economy expanded 7.7 percent. Today no such expansion is on the horizon. Rather, the economy is still mired in a low-growth rut, only the second such severe downturn since
Jan. 6th-10th, the Economic Science Institute, with a generous grant from the International Foundation for Research in Experimental Economics (IFREE), hosted 24 doctoral students from universities all over the world for the 18th Visiting Graduate Student Workshop in Experimental Economics. In a series of 10 sessions, the students first participated in an economic experiment as
“If housing tends to lead economic recoveries, then we’re in trouble. This marks the worst post-recession home-buying market since the Great Depression. Nobel laureate Professor Vernon L. Smith, who delivered the keynote address at the Cato Institute’s 30th Annual Monetary Conference on Nov. 15, noted how housing leads both recession and recoveries.” Read the full
Dec. 7th, Quazi Shahriar, Ph.D. – When Does Cheap-Talk (Fail to) Increase Efficient Coordination? Abstract: Can cheap-talk always help achieve maximum efficiency in situations that require coordination? Utilizing a class of two-person two-action coordination games, we show experimentally that cheap-talk may or may not be informative, rending it helpful for or detrimental to efficiency (relative