Alessandro Gavazza

Economics of Industry Director and Goh Keng Swee Chair in Economics

Telephone:

+44 (0)20 020 7955 6128

Email:

a.gavazza@lse.ac.uk

Room:

SAL 4.21

Connect:

Twitter
Website

Links:

Economics of Industry
Department of Economics

Biography

Alessandro Gavazza's current research interests are:

Industrial Organisation
Applied Microeconomics

Latest

Journal Articles

Refinancing Cross-Subsidies in the Mortgage Market

01 August 2024

Jack Fisher, Alessandro Gavazza, Lu Liu, Tarun Ramadorai and Jagdish Tripathy

In household finance markets, inactive households can implicitly cross-subsidize active households who promptly respond to financial incentives. We assess the magnitude and distribution of cross-subsidies in the mortgage... Read more...

Journal article

The role of prepayment penalties in mortgage loans

01 September 2017

Andrea Beltratti, Matteo Benetton and Alessandro Gavazza

We study the effect of mortgage prepayment penalties on borrowers? prepayments and delinquencies by exploiting a 2007 reform in Italy that reduced penalties on outstanding mortgages and banned penalties on newly-issued m... Read more...

Journal article

A structural model of the retail market for illicit drugs

01 March 2017

Manolis Galenianos and Alessandro Gavazza

We estimate a model of illicit drugs markets using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they determine drugs' quality (i.e., their purity) only after consuming them. Hence,... Read more...

CEP discussion papers

Aggregate recruiting intensity

04 October 2016

Alessandro Gavazza, Simon Mongey and Giovanni L. Violante

We develop a model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort by spending resources to fill vacancies faster. Consistent with micro evidence, in the model fast-grow... Read more...

Economics of Industry Papers

A Quantitative Analysis of the Retail Market for Illicit Drugs

08 December 2014

Manolis Galenianos and Alessandro Gavazza

We develop a theoretical framework to study illicit drugs markets and we estimate it using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they determine drugs? quality (i.e., their p... Read more...