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Oren Sussman (Saïd Business School - University of Oxford)
Toulouse: TSE, April 1, 2022, 10:00–11:30, room Auditorium 4
The paper decomposes the raw fire sale discount into a quality component, a misallocation component, and a residual liquidity component. We find that distressed airlines under-maintain their fleets and, this quality impairment explains half of the discount. We find no evidence of misallocation to...
Aymeric Dieuleveut (Ecole Polytechnique, Palaiseau)
Toulouse: TSE, March 31, 2022, 11:00–12:15, room A3
Let's talk about random compression, bias, unitary invariant codebooks, and gradient weights distribution! The growing size of models and datasets have made distributed implementation of stochastic gradient descent (SGD) an active field of research. However the high bandwidth cost of communicating...
Emin Karagozoglu (Bilkent University)
March 31, 2022, 11:00–12:30, room Auditorium 4
We study Kantian equilibria (Roemer, 2010) of an n-player bargaining game, which is a modified version of the well-known divide the dollar game (Nash, 1953). We first show that the Kantian equilibrium (multiplicative version) exists under fairly minimal assumptions. Second, if the bankruptcy rule...
Jean Tirole
Zoom Meeting, March 30, 2022, 17:00–18:00
Lucas Buthion (Scaleway)
TSE & IAST, March 30, 2022, 12:30–13:30, Auditorium A4
Purevdorj Tuvaandorj (York University)
TSE, March 29, 2022, 15:30–17:00, Online
We develop a new permutation test for inference on a subvector of coefficients in linear models. The test is exact when the regressors and the error terms are independent. Then, we study its asymptotic properties under two main conditions. The first is the usual absence of correlation between the...
Christian Hellwig (Toulouse School of Economics)
Toulouse: TSE, March 29, 2022, 11:00–12:30, room Auditorium 4
I analyze dynamic Mirrlees taxation with preferences that are non-separable between consumption, leisure and type, which determines both ability and consumption needs. I show how to account for non-separable preferences through a simple change in probability measures. I generalize the existing...
Benoit Mojon (Bank for International Settlements)
March 29, 2022, BDF Paris
We analyse scal and monetary policy interactions when interest rate policy is hampered by the zero lower bound (ZLB) in an environment where expectations are formed with perpetual learning. The ZLB induces a deterioration of economic performance and raises the risk of persistent low ation that can...
Michael Sinkinson (Yale University)
TSE, March 28, 2022, 14:15–15:30, room Auditorium 4
Models of firm conduct are the cornerstone of both theoretical and empirical work in industrial organization. A recent contribution (Berry and Haile, 2014) has suggested the use of exclusion restrictions to test alternative conduct models. We propose a pairwise testing procedure based on this idea...
Scott Barrett (Columbia University)
Toulouse: TSE, March 28, 2022, 11:00–12:15, room Auditorium 4
I model the ocean as a line, or an array of lines, and show how the most profound change in property rights in human history, creation of the Exclusive Economic Zone, emerged as an equilibrium in customary international law. In a symmetric ocean, I find that customary law codifies efficient Nash...
