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Namrata Kala (MIT - Sloan School of Management)
December 3, 2020, 11:00–12:30, room Zoom
The mechanization of production has become a primary feature of modern agriculture and is central to agricultural labor productivity. This paper estimates the returns to mechanization and its impact on labor using a randomized controlled experiment. Treatment farmers were given subsidy vouchers to...
Paolo Guasoni (Dublin City University)
Toulouse: TSE, December 3, 2020, 11:00–12:15, room Zoom
In a complete market, we find optimal portfolios for an investor whose satisfaction stems from both a payoff's intrinsic utility and its comparison with a reference, as specified by Köszegi and Rabin. In the regular regime, arising when reference-dependence is low, the marginal utility of the...
Eran Shmaya (Economics Department, Stony Brook University)
Toulouse: TSE, December 1, 2020, 17:00–18:30, room Zoom
A principal has to choose a project from a set of available projects, which is known to an agent. The agent can propose a set of projects to the principal to choose from. The agent can only propose available projects, but he might hide some of them from the principal. The principal can pick one of...
Gautam Tripathi (University of Luxembourg)
TSE, December 1, 2020, 15:30–17:00, room Zoom
Panel data models with fixed effects are widely used by economists and other social scientists to capture the effects of unobserved individual heterogeneity. In this paper, we propose a new integrated likelihood based approach for estimating panel data models when the unobserved individual effects...
Cécile Gaubert (University of California, Berkeley)
TSE, December 1, 2020, 14:00–15:30, room Zoom
Governments around the world redistribute to distressed areas by conditioning taxes and transfers on location in addition to income. Do the equity gains of place-based redistribution exceed its eciency costs? Working with a model of locational choice and labor supply decisions that nests workhorse...
Seth G. Benzell
December 1, 2020, 14:00–15:00, Zoom Meeting
Digital platforms such as Facebook create value by connecting users, vendors, and contractors. Their strong supply and demand economies of scale can give them market power, and have led to increasing calls for special regulations and taxes. We construct and illustrate an approach for structural...
Helena Perrone (University of Mannheim)
TSE, November 30, 2020, 14:00–15:30, room Zoom
Exploiting a major food safety crisis, we estimate a full demand model for the unsafe product and its substitutes and recover consumers' preference parameters. Counterfactual exercises quantify the relevance of different mechanisms---changes in safety perceptions, idiosyncratic tastes, product...
Radoslava Nicolowa
Toulouse, November 30, 2020, 12:30–13:45, room Zoom
We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of rules for validating transactions in blockchains, creates an industrial ecosystem with specialized suppliers of goods and services. We analyze the interactions between blockchain...
Grischa Perino (University of Hamburg)
Toulouse: TSE, November 30, 2020, 11:00–12:15, room zoom
Major carbon-pricing systems in Europe and North America involve multiple jurisdictions (countries or states). Individual jurisdictions often pursue additional initiatives---such as unilateral carbon price floors, legislation to phase out coal, aviation taxes or support programs for renewable...
November 27, 2020
