Miguel Blanco Cocho

About

Sun, 14 Jan 2024 07:07:07 +0100

I am a Ph.D. Candidate in Economics at the European University Institute (EUI), in Florence, Italy. I am on the Job Market 2025/26 season. My research interests are Industrial Organization and Competition Policy, Pubic Economics and Law and Economics. You can find a short summary of my Ph.D. dissertation here

I am currently working in topics related to the design of taxes and subsidies in industries in which firms have market power, and in which consumers can buy the same good in multiple periods at different prices. I am also working in the determinants of pass-through of subsidies and taxes in such settings.

Teaching Experience

Sun, 02 Oct 2016 22:55:05 -0400

TA for Microeconomics I Ph.D. Core Course

EUI Ph.D Program, 2021-2023

Instructor: Professor Laurent Mathevet

You can read the reviews here:

2021/22

2022/23

2023/24

TA for Econometrics

NYU Florence Economics

Instructor: Professor Giampiero Gallo

Spring 2025

Ongoing Projects

Mon, 01 Jan 0001 00:00:00 +0000

Welfare Implications of Subsidy Design with Intertemporal Price Discrimination (JM Paper)

Abstract

I study the impact of different subsidy designs for consumers in settings where firms have market power and exercise intertemporal price discrimination, such as airlines and hotels. Subsidy designs can steer demand towards high-priced products, increasing government spending as an unintended consequence. Using case study the subsidies for residents in remote territories in the Spanish airline industry, I develop a dynamic discrete choice model and estimate the demand parameters of forward-looking consumers, who can decide on the timing of their purchases. Combining the estimated demand parameters with a supply model in which multiproduct firms choose their prices in every period. I perform a counterfactual analysis to evaluate the impact of changing the subsidy design from the current ad valorem design to a unit design. I show that taking into account price discrimination is important when analyzing the question of unit versus ad valorem designs. I also show the change to a unit design would generate almost 15 % savings for the government due to the change in consumption patterns towards cheaper options.