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José Luis Moraga-Gonzalez (University of Amsterdam)
TSE, March 29, 2021, 14:00–15:30, Zoom
This paper studies mergers in markets where firms invest in a portfolio of research projects of different profitability and social value. The investment of a firm in one project imposes both a negative business-stealing and a positive business-giving externality on the rival firms. We show that...
François Libois (INRAE;Paris Jourdan Sciences Economiques)
Toulouse: TSE, March 29, 2021, 11:00–12:15, Zoom
Environmental drivers of migration attract more and more attention. This article focuses on the effect of fish stock depletion on migration in Africa and uses a novel dataset on fishing intensity (Kroodsma et al., 2018). Based on a panel of the 37 African countries with access to the sea over the...
Ana Sofia Rodrigues (Autoridade da Concorrência (AdC) – Portuguese Competition Authority)
Toulouse: TSE, March 26, 2021, 15:30–17:30, room Online
Johanna Ziegel (University of Bern)
Toulouse: TSE, March 25, 2021, 11:00–12:15, Zoom
A Distributional (Single) Index Model (DIM) is a semi-parametric model for dis-tributional regression, that is, estimation of conditional distributions given covariates.The method is a combination of classical single index models for the estimation of theconditional mean of a response given...
Clément Imbert (Unversity of Warwick)
March 25, 2021, 11:00–12:30, Zoom
Anti-poverty programs affect not only beneficiaries, but also the entire economy, through spillover effects which are often difficult to identify and quantify. This paper evaluates an urban public works program, Ethiopia's UPNSP, which provides employment on local infrastructure projects to poor...
Aislinn Bohren
Toulouse: TSE, March 23, 2021, 17:00–18:30, Zoom
Discrimination—differential treatment by group identity—is widely studied in economics. Its source is often categorized as taste-based or statistical (beliefbased)— a valuable distinction for policy design and welfare analysis. We argue that in many situations, individuals may have inaccurate...
Marina Halac
March 23, 2021, 17:00, BDF, Paris, room Online
We study rules based on instruments vs. targets. Our application is a New Keynesian economy where the central bank has non-contractible information about aggregate demand shocks and cannot commit to policy. Incentives are provided to the central bank via punishment which is socially costly....
Frank Schorfheide (The Pennsylvania State University)
TSE, March 23, 2021, 15:30–17:00, Zoom
We develop a state-space model with a state-transition equation that takes the form of a functional vector autoregression and stacks macroeconomic aggregates and a cross-sectional density. The measurement equation captures the error in estimating log densities from repeated cross-sectional samples...
Renato Faccini (Danmarks Nationalbank)
TSE, March 23, 2021, 14:00–15:30, room Zoom
The low rate of inflation observed in the U.S. over the entire past decade is hard to reconcile with traditional measures of labor market slack. We show that an alternative notion of slack that encompasses workers propensity to search on the job explains this missing inflation. We derive this novel...
Hsin-Tien Tiffany Tsai (National University of Singapore)
March 23, 2021, 14:00–15:00, Zoom Meeting
This paper studies whether market structure affects algorithmic recommendations in dominant platforms. We focus on the dual role of Amazon.com as a platform owner and retailer. We find that products sold by Amazon receive substantially more "Frequently Bought Together" recommendations across...
