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Massimo Motta (ICREA-Universitat Pompeu Fabra)
TSE, October 18, 2021, 14:00–15:30, room A4
We investigate the market effects of search advertising, within a model in which: there exist both sophisticated consumers (who look for any available information on their screen) and naïve consumers (who only look at the top link of their screen); and in which each firm chooses the price of its (...
Ottmar Edenhofer (Potsdam Institute for Climate Impact Research)
Toulouse: TSE, October 18, 2021, 11:00–12:15, Online
Climate policy needs to set incentives for actors who face imperfect, distorted markets and large uncertainties about the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon beta). We study carbon pricing and financial incentives in...
Filip Mrowiec (Toulouse School of Economics)
Toulouse: TSE, October 15, 2021, 10:30–12:00, room Auditorium 4
Shruti Sinha
Toulouse: TSE, October 14, 2021, 17:00, room Zoom
In an age where decisions are driven by data, businesses across the world are having to adapt to a rapidly expanding digital landscape. The buzz words in the industry are "Data Science" and "Machine Learning". Therein lies a unique opportunity for Economists to bridge the gap between business and...
Zhenjie Ren (CEREMADE - Université Paris Dauphine)
Toulouse: TSE, October 14, 2021, 11:00–12:15, room A5
The classical fictitious play is a common algorithm for solving games. However, once the cost functions of the players are non-convex, the method becomes hard to implement. In our study we add the entropic regulariser, a common strategy for non-convex optimisation, to the cost functions, and look...
Pauline Rossi (Ecole Polytechnique - CREST-ENSAE)
October 14, 2021, 11:00–12:30, room Auditorium 4
This article uses China's family planning policies to quantify and explain spillovers in fertility decisions. We test whether ethnic minorities decreased their fertility in response to the policies, although only the majority ethnic group, the Han Chinese, were subject to birth quotas. We exploit...
Victor Aguirregabiria (University of Toronto)
TSE, October 12, 2021, 15:30–16:50TSE, October 12, 2021, 15:30–16:50, Online
In nonlinear panel data models, fixed effects methods are often criticized because they cannot identify average marginal effects (AMEs) in short panels. The common argument is that the identification of AMEs requires knowledge of the distribution of unobserved heterogeneity, but this distribution...
Sebnem Kalemli-Ozcan
TSE, October 12, 2021, 13:00–14:00, Online
Using administrative firm-bank-loan level data from the U.S., we document four new facts about thecredit market. First, private firms’ (SMEs’) borrowing from banks comprises their entire balance sheetdebt, compared to large publicly listed firms who can switch between bond markets and...
Martin Oehmke (London School of Economics)
October 12, 2021, 11:30–12:30, BDF Paris
We study the effects of green capital requirements that give preferential capital treatment to clean loans. From a positive perspective, our analysis clarifies the differential effects of green supporting and brown penalizing factors. From a normative perspective, we contrast optimal capital...
Anne-Katrin Roesler (University of Toronto)
Toulouse: TSE, October 12, 2021, 11:00–12:30, room Auditorium 5
A monopolist seller of multiple goods screens a buyer whose type is initially unknown to both but drawn from a commonly known distribution. The buyer privately learns about his type via a signal. We derive the seller’s optimal mechanism in two different information environments. We begin by...
