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Harim Kim (University of Mannheim)
TSE, October 19, 2020, 14:00–15:30, room Zoom
The U.S. wholesale electricity industry is undergoing a major transformation due to increasing retirements of coal-fired power plants which will be replaced mainly by cheaper and cleaner natural gas generation. This paper shows that such an environmentally desirable transition towards cleaner...
Junyuan Zou
Toulouse, October 19, 2020, 12:30–13:45, room Zoom
Contrary to the prediction of the classic adverse selection theory, a more informed trader receives better pricing relative to a less informed trader in over-the-counter nan- cial markets. Dealers aggressively chase informed orders to better position their future quotes and avoid winner's curse in...
Marc Ivaldi (Toulouse School of Economics)
Toulouse: TSE, October 16, 2020, 15:30–17:30, TSE, room Auditorium 5
Hansel Teo (Toulouse School of Economics)
TSE, October 16, 2020, 11:00–12:30, room Zoom
This paper adopts the sufficient-statistics approach to obtain a measure of the marginal willingness to pay for long-term care insurance. Theoretically, we extend the standard consumption-based framework to account for the presence of committed consumption goods, that is, goods which face...
Online, October 16, 2020
Claire Abbo, Jean Massiani, Matthieu Lapeyre, and Magali Antraygues Crossouard
Toulouse: TSE, October 15, 2020, 17:00–18:00, room Zoom meeting & Facebook Live
Valerio Capraro (Middlesex University London)
October 15, 2020, 11:00–12:30, room Zoom
We report three pre-registered studies (total N=1,799) exploring the effect of nudging personal and injunctive norms in decisions that involve a trade-off between objective equality and efficiency. The first two studies provide evidence that: (i) nudging the personal norm has a similar effect as...
Dylan Possamaï (ETH, Zurich)
Toulouse: TSE, October 15, 2020, 11:00–12:15, room Zoom
This paper provides a complete review of the continuous–time optimal contracting problem introduced by Sannikov [2008], in the extended context allowing for possibly different discount rates of both parties. A Golden Parachute is a situation where the agent ceases any effort at some positive...
Online, October 15, 2020
October 15–16, 2020
