讲座题目：A Look Upstream: Market Restructuring, Risk, Procurement Contracts, and Efficiency (Published in International Journal of Industrial Organization, 2018)

　　主讲人：Emiliya Lazarova

　　讲座时间：4月17日(周三)9：30-11：00

　　讲座地点：经管院A208

　　主办单位：武汉大学经济与管理学院经济系

　　讲座摘要： We study how market deregulation affects the upstream industry both theoretically and empirically. Our theory predicts that firms respond to increases in uncertainty due to deregulation by writing more rigid contracts with their suppliers. Using the restructuring of the U.S. electricity market as our case study, we find support for our theoretical predictions. Our findings imply a greater emphasis on efficiency at coal mines contracting with restructured plants. The evidence suggests a 17% improvement in productivity at these mines, relative to those contracting with regulated plants. We find, on the other hand, that transaction costs may have increased. We conclude that deregulation has significant impacts upstream from deregulated markets.

　　主讲人简介：Emiliya Lazarova是英国东安格利亚大学经济学院院长。她的主要研究兴趣是联盟形成，匹配理论和应用经济学。目前，她致力于不确定性和(集体)决策。在此背景下，她研究了不确定性如何影响代理人寻求最优结果，并描述匹配模型中均衡结果的类型。她将这一研究领域扩展到联盟形成博弈中的稳定性研究。她还调查了一个市场的不确定性如何扭曲相关市场的最佳选择。 Emiliya还参与了一个项目，该项目研究残疾对使用LFS数据获取人力资本的决定的影响。

　　Emiliya于2013年8月加入东英吉利大学经济学院。此前，Emiliya在伯明翰大学和贝尔法斯特女王大学讲学，在那里她教授应用计量经济学和定量商业方法等定量课程;和应用微观经济学主题，如公共支出和竞争政策和监管。

　　Emiliya的目前已在International Journal of Industrial Organization和Theory and Decision等学术期刊上发表多篇论文。