Objective
This proposal presents three broad projects on information frictions in households' credit markets and on the
consequences of these frictions for durable good markets. Specifically, an influential theoretical literature in
information economics has shown that borrowing constraints can arise in equilibrium when borrowers and
lenders have asymmetric information about borrowers' risks. Hence, the first project aims to provide the first
empirical analyses of markets (i.e. demand and supply) with asymmetric information and nonexclusive
trades---i.e. markets in which households can purchase multiple insurance contracts, such as in life
insurance markets, or can open multiple credit lines, such as in credit card markets. The second project aims
to study recent regulations of fees and prices in markets for consumer financial products, such as mortgages,
that could have the unintended consequences of increasing households' cost of credit and, thus, of tightening
their borrowing constraints. Finally, the third project aims to study the role of borrowing constraints in
durable goods markets, with a special focus on car markets during the Great Recession.
All these projects aim to develop and estimate structural models using data from different markets. I further
plan to use the estimated structural parameters to perform counterfactual policy analyses in each of the
specific markets analyzed in these projects.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-COG - Consolidator Grant
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2017-COG
See all projects funded under this callHost institution
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
WC2A 2AE London
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.