Myrto Kalouptsidi, Assistant Professor, Harvard Faculty of Arts and Sciences

We explore efficiency and optimal policy in decentralised transport markets, such as taxis, trucks and bulk shipping. We show that in these markets, search frictions distort the transportation network and the dynamic allocation of carriers over space. We identify the sources of externalities, derive explicit and intuitive conditions for efficiency and show how they translate into efficient pricing rules or optimal taxes and subsidies for the planner who cannot set prices directly. Using data from dry bulk shipping, we find sizeable social loss and spatial misallocation of carriers. Optimal policy restores efficiency by favouring locations that are central in the trade network and might be preferable to centralisation.

Speaker bio

Myrto Kalouptsidi is a Stanley A. Marks and William H. Marks Assistant Professor at the Radcliffe Institute and an Assistant Professor of Economics in the Harvard Faculty of Arts and Sciences. Kalouptsidi specialises in applied microeconomics, with a particular emphasis on international trade. She is renowned for her work on protectionism in the shipping industry. Her current research focuses on the impact of protectionism, search frictions, geography, and trade costs on China’s international shipping.

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Meeting ID: 880 9681 5173
Password: 130612

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Via Zoom
(Online)

Clock icon Date & time

Date: 27 October 2021
Start Time: 15:00
End Time: 16:00

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Open to: Members of the University of Cambridge

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(Online)

Event timings

Date: 27 October 2021
Start Time: 15:00
End Time: 16:00