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Becker Friedman Institute for Economics
  • About
        • About the Becker Friedman Institute
          The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy
          Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals
          The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
        • Expanding Discovery in Economics+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
        • Visitors & Fellows
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        • Research Initiatives
          • Big Data Initiative
          • Chicago Experiments Initiative
          • Health Economics Initiative
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          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
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        • Global Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
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        • Programs & Centers
          • Expanding Discovery in Economics+ (EDE+)
          • Development Economics Center
          • Global Center for Economic Growth - Growth Academy
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
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  • Scholars
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  • Research
        • Entry and Exit in Treasury Auctions
          Jason Allen, Ali Hortaçsu, Eric Richert, and Milena Wittwer

          Hedge funds have become increasingly active in Treasury markets, yet we have little evidence on how this shift has affected the market. We focus on the primary market, where the government issues its debt through auctions. Using over 20 years...

          Green Waste
          Ingvil Gaarder, Morten Grindaker, Tom G. Meling, and Magne Mogstad

          We test for and measure green waste: the misallocation of public subsidies for green investment projects. Our context is a major Norwegian program for green investment subsidies. We develop a model of subsidy allocation and apply it to detailed project-level...

          Biases in Belief Updating Within and Across Domains
          Francesca Bastianello and Alex Imas

          Why do people sometimes overreact to new information and other times underreact? We develop a model in which the strength of a signal—how much one should update their beliefs with new information—depends on multiple features of the information environment. Limited...

        • View All caret-right
  • Insights
        • Research Briefs

          Dynamic Competition for Sleepy Deposits
          Comparing the Impacts of Cash vs. SNAP on Consumption of Drugs and Alcohol
          Stop Using Test Scores to Measure Test Results
        • View All caret-right
        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating Pollution
          Explore Historical Manufacturing Data
          The Hidden Volatility of American Workers’ Paychecks
        • View All caret-right
        • Podcasts

          At What Age Does Family Income Most Shape Your Future? Timing and Intergenerational Mobility
          The Pie, Wrapped: Innovation, Faith, Purpose, and Market Power
          A Conversation with Roger Myerson: Harmonicas, Xenophon, and Why Your Mayor Matters More Than You Think
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
  • Events
        • Upcoming Events

          Jan 12

          Winter 2026 Behavioral Economics Seminar Series

          Jan 26

          Winter 2026 Behavioral Economics Seminar Series

          Jan 29

          2026 Conference on Budget Analysis and Public Policy

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  • News
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People·

Marcia Ruiz

B.A. in Economics at Pontificia Universidad Catolica del Peru , Faculty Supervisor: Manasi Deshpande
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© 2025 Becker Friedman Institute for Economics at the University of Chicago

  • About
        • About the Becker Friedman Institute
          The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy
          Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals
          The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
        • Expanding Discovery in Economics+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
        • Visitors & Fellows
        • Our Team
        • BFI Employment Opportunities
        • Contact
  • Network
        • Research Initiatives
          • Big Data Initiative
          • Chicago Experiments Initiative
          • Health Economics Initiative
          • Industrial Organization Initiative
          • International Economics and Economic Geography Initiative
          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
        • View All caret-right
        • Global Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
        • View All caret-right
        • Programs & Centers
          • Expanding Discovery in Economics+ (EDE+)
          • Development Economics Center
          • Global Center for Economic Growth - Growth Academy
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
        • View All caret-right
  • Scholars
    • UChicago Scholars
    • Visiting Scholars
    • Saieh Family Fellows
    • Predoctoral Research Professionals
  • Research
        • Entry and Exit in Treasury Auctions
          Jason Allen, Ali Hortaçsu, Eric Richert, and Milena Wittwer

          Hedge funds have become increasingly active in Treasury markets, yet we have little evidence on how this shift has affected the market. We focus on the primary market, where the government issues its debt through auctions. Using over 20 years...

          Green Waste
          Ingvil Gaarder, Morten Grindaker, Tom G. Meling, and Magne Mogstad

          We test for and measure green waste: the misallocation of public subsidies for green investment projects. Our context is a major Norwegian program for green investment subsidies. We develop a model of subsidy allocation and apply it to detailed project-level...

          Biases in Belief Updating Within and Across Domains
          Francesca Bastianello and Alex Imas

          Why do people sometimes overreact to new information and other times underreact? We develop a model in which the strength of a signal—how much one should update their beliefs with new information—depends on multiple features of the information environment. Limited...

        • View All caret-right
  • Insights
        • Research Briefs

          Dynamic Competition for Sleepy Deposits
          Comparing the Impacts of Cash vs. SNAP on Consumption of Drugs and Alcohol
          Stop Using Test Scores to Measure Test Results
        • View All caret-right
        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating Pollution
          Explore Historical Manufacturing Data
          The Hidden Volatility of American Workers’ Paychecks
        • View All caret-right
        • Podcasts

          At What Age Does Family Income Most Shape Your Future? Timing and Intergenerational Mobility
          The Pie, Wrapped: Innovation, Faith, Purpose, and Market Power
          A Conversation with Roger Myerson: Harmonicas, Xenophon, and Why Your Mayor Matters More Than You Think
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
  • Events
        • Upcoming Events

          Jan 12

          Winter 2026 Behavioral Economics Seminar Series

          Jan 26

          Winter 2026 Behavioral Economics Seminar Series

          Jan 29

          2026 Conference on Budget Analysis and Public Policy

        • View All caret-right
  • News
    • BFI News
    • Media Mentions
    • Press Releases
  • Info For
    • Scholars
    • Students
    • Media
    • Pre-Doctoral Research Professionals
  • Subscribe
    • Join Our Weekly Briefing Newsletter
    • Newsletter Archive
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