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Nano Barahona (University of California, Berkeley)
TSE, May 9, 2022, 14:15–15:30, room Auditorium 4
We study a regulation in Chile that mandates warning labels on products whose sugar or calorie concentration exceeds certain thresholds. We document an overall decrease in sugar and calorie intake of 7-9%. To reveal mechanisms, we focus on breakfast cereal. On the demand side, consumers substitute...
Eugénie Dugoua (London School of Economics)
Toulouse: TSE, May 9, 2022, 11:00–12:15, room Auditorium 4
Reducing carbon emissions requires developing clean technologies, and thus, innovation plays a central role in dealing with climate change. Models of directed technical change show how tax and R&D subsidies can rapidly redirect scientists’ research activities towards the clean sector. This...
May 9, 2022, 10:00–12:30, room Auditorium 5
Zhijun Chen (Monash University)
May 3, 2022, 14:00–15:00, Zoom Meeting
General Data Protection Regulation (GDPR) aims to protect consumer data privacy, however, its adverse effects have been widely documented. We present a new model for the analysis of consumer data acquisition under privacy regulation. We treat both data and analytics as separate strategic variables...
Antonella Trigari
May 3, 2022, BDF Paris
Motivated by the unusual increase in temporary unemployment during the recent recession, this paper develops a quantitative model of unemployment dynamics that distinguishes between temporary and permanent layoffs. We calibrate the model to capture labor market dynamics over the period from 1979 to...
Antoine Martin (New York Fed)
April 26, 2022, BDF Paris
Trades in today’s financial system are inherently subject to settlement uncertainty. This paper explores tokenization as a potential technological solution. A token system, by enabling programmability of assets, can be designed to eradicate settlement uncertainty. We study the allocations achieved...
Benjamin Lockwood (The Wharton School, University of Pennsylvania)
TSE, April 22, 2022, 11:00–12:30, room Auditorium 3
This paper presents a parsimonious model in which a continuum of taxpayers face discrete income adjustment opportunities. The model predicts continuous observable income densities which match key features of empirical income histograms around kinks and notches in the tax schedule, including diffuse...
Alex Edmans (London Business School)
Toulouse: TSE, April 22, 2022, 10:00–11:30, room Online
We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints lead...
Pedro Bordalo (Oxford University)
April 21, 2022, 11:00–12:30, Online
How do people form beliefs about novel risks, with which they have little or no direct experience? We address this question using a 2020 representative US survey of beliefs about the lethality of Covid. The survey reveals a number of surprising findings, including most dramatically the evidence...
Dana Pizarro (Toulouse School of Economics)
Toulouse: TSE, April 21, 2022, 11:00–12:15, room Auditorium 3
Posted price mechanisms (PPM) constitute one of the pre-dominant practices to price goods in online marketplaces and their rev-enue guarantees have been a central object of study in the last decade. Weconsider a basic setting where the buyers’ valuations are independent andidentically distributed...
