Robert Ulbricht

Assistant Professor of Economics
Toulouse School of Economics

I am currently on leave from Toulouse, visiting
UCLA and the University of Minnesota during the
academic year 2017-2018

Phone: +33 (561) 128-771

Office: MF 507

Manufacture de Tabacs
21 allées de Brienne
31015 Toulouse, France

Curriculum Vitae

Working Papers

Mismatch Cycles, with Isaac Baley and Ana Figueiredo [coming soon]

During recessions, highly mismatched jobs are destroyed but also created. A learning model with countercyclical uncertainty, due to occupational switching, accounts for the facts.

Information-driven Business Cycles: A Primal Approach, with Ryan Chahrour

We develop a methodology to obtain a complete "information-robust" characterization of equilibria in DSGE models. In an application, we estimate a RBC with a non-parametric specification of information-frictions.

We develop a theory of endogenous uncertainty where uncertainty is caused by financial distress. Because uncertainty reinforces financial distress, temporary shocks can lead to "funding freezes" where firms are persistently cut off from external funding.

Dynamics of  Political Systems, with Lukas Buchheim

Revision requested, Review of Economic Studies, new draft coming soon

Political transitions are mainly driven by revolts and reforms; transition hazards are declining in maturity and inverse J-shaped in political inclusiveness; transition outcomes are polarizing; the invariant distribution of inclusiveness is bi-modal. We develop a simple theory accounting for these regularities. The structurally estimated model fits the data remarkably well.

Resubmitted, Journal of Economic Theory

The cross-sectional dispersion of output, employment, and Solow residuals becomes countercyclical if employment and capital are gross complements. The mechanism accounts for a significant share of the empirical cyclicality in second moments, without the need for "volatility"-shocks.

Dynamic Oligopoly Pricing: Evidence from the Airline Industry, with Caspar Siegert

We explore how pricing dynamics in the European airline industry vary with competition
and document patterns that are consistent with intertemporal price discrimination.

The main ideas of this paper are now subsumed by the papers "Endogenous Uncertainty and Credit Crunches" and "Endogenous Second Moments"


Theoretical Economics, 11(1), January 2016, pp. 253-278.

I study a model of delegated search. The distribution of search revenues is unknown to the principal and has to be elicited from the agent. Moreover, the search process is unobservable, requiring search to be self-enforcing. The second-best is implementable by a menu of simple bonus contracts.

Current Teaching