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Hakan Ozyilmaz (UCSB)
April 14, 2021, 17:00–18:00, Online
This paper studies the sources of suboptimal allocations observed in credit card repayments using a diagnostic laboratory experiment. We find that optimization ability and limited attention are jointly insufficient to explain the puzzle. Moving beyond existing results, we find that the inherent...
Greg Taylor (University of Oxford)
TSE & IAST, April 14, 2021, 12:30–13:30, Zoom Meeting
Cyber-attacks are a pervasive threat in the digital economy, with the potential to harm rms and their customers. Larger rms constitute more valuable targets to hackers, thereby creating negative network effects. These can be mitigated by investments in security, which play both a deterrent and a...
Sinem Hidir (Unversity of Warwick)
Toulouse: TSE, April 13, 2021, 17:00–18:30, Zoom
In many economic settings it is optimal to endow individuals with high abilities, ratherthan those with low abilities, with decision-making power. Yet there is rich empirical evidence showing that many of those in charge of decisions are not necessarily the most talented. We offer a novel rationale...
Alexander Torgovitsky (Chicago University)
TSE, April 13, 2021, 15:30–16:50, Zoom
Paper 1 :Empirical researchers often combine multiple instrumental variables (IVs) for a single treatment using two-stage least squares (2SLS). When treatment effects are heterogeneous, a common justification for including multiple IVs is that the 2SLS estimand can be given a causal interpretation...
Ansgar Walther
Toulouse, April 12, 2021, 12:30–13:30, room Zoom
This paper studies financial and monetary policy in environments in which equity investors and creditors may have distorted beliefs. We characterize conditions under which it is optimal to tighten or relax leverage caps in response to arbitrary changes in beliefs. The optimal policy response to...
Charles Pébereau (Toulouse School of Economics)
Toulouse: TSE, April 12, 2021, 11:00–12:15, Online
We study the introduction of real-time electricity pricing in New Zealand and find evidence that its complexity is a barrier to its widespread adoption. Under this tariff, consumers face half-hourly varying spot prices, which are uncertain and volatile. Contemporaneous spot prices significantly...
Andreas Ferrara (University of Pittsburg)
April 8, 2021, 15:30–16:45, Online
The Great Migration of Black Southerners has long been of interest to economists. In this paper, we document that also 18 million white Southerners moved to the rest of the country. Using data for all non-Southern counties, we show that these white Southerners had a transformative impact on the...
Philippe LeFloch (Université Pierre et Marie Curie; CNRS)
Toulouse: TSE, April 8, 2021, 11:00–12:15, Zoom
We introduce a numerical methodology which applies to a broad class of partial differential equations and discrete models, and is referred to here as the {\sl transport-based mesh-free method}. It led us to several numerical algorithms which are now implemented in a Python library, called CodPy. We...
Marion Goussé (Université de Laval)
TSE, April 6, 2021, 15:30–16:50, Zoom
Whereas marriage is still the dominant framework to raise a family, competitive partnerships emerge. Facing the increasing proportion of couples likely to cohabit rather than marry, some provincial governments of Canada have enhanced the commitment related to cohabitation to protect women and...
Shota Ichihashi (Bank of Canada)
April 6, 2021, 14:00–15:00, Zoom Meeting
We study competition for consumer attention in which platforms choose the addictiveness of their services. A more addictive platform yields consumers a lower utility of participation but a higher marginal utility of allocating attention. The impact of competition depends on the scarcity of...
