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Daniel Gottlieb (London School of Economics)
Toulouse: TSE, September 22, 2020, 17:00–18:30, room Zoom
We study contracts between naive present-biased consumers and risk-neutral firms. Our main result is that the welfare loss from present bias vanishes as the contracting horizon grows. This is true both when the bargaining power is on the consumers’ and on the firms’ side, when consumers cannot...
Bo Honoré (Princeton University)
TSE, September 22, 2020, 15:30–17:00, room Zoom
This paper builds on Bonhomme (2012) to develop a method to systematically construct moment conditions for dynamic panel data logit models with fixed effects. After introducing the moment conditions obtained in this way, we explore their implications for identification and estimation of the model...
Mariacristina De Nardi Mariacristina De Nardi (University of Minnesota)
TSE, September 22, 2020, 15:00–16:30, room Zoom
In the United States, both taxes and old age Social Security benefits depend on one's marital statusand tend to discourage the labor supply of the secondary earner. To what extent are these provisionsholding back female labor supply? We estimate a rich life cycle model of labor...
Andrew Rhodes (Toulouse School of Economics)
September 22, 2020, 14:00–15:00, room Zoom meeting
Using both economic theory and Artificial Intelligence (AI) pricing algorithms, we investigate the ability of a platform to design its marketplace to promote competition, improve consumer surplus, and even raise its own profits. We allow sellers to use Q-learning algorithms (a common reinforcement-...
Jacopo Bregolin (Toulouse School of Economics)
TSE, September 21, 2020, 14:00–15:30, room Zoom
Many online platforms rely on user-generated content and need to incentivize free effort. In this paper, I investigate if users provide more and better quality contributions when endowed with more autonomy over actions. Using a dynamic discrete choice model, I show that control rights have positive...
Marie Lambert
Toulouse, September 21, 2020, 12:30–13:45, Toulouse, room Zoom
The amount of non-invested capital in the private equity industry or “dry powder” has raised numerous concerns from public opinion. To obtain insight about the drivers of the dry powder development, we model the investment behavior of a fund sponsor as a function of their expected fees, the latter...
Anca Voia (Toulouse School of Economics)
Toulouse: TSE, September 21, 2020, 11:00–12:15, room Auditorium 5
Payments for Ecosystem Services (PES) are voluntary agreements between landowners and the Government in which a yearly payment is given conditional on an environmental service being adequately provided. PES contracts are usually subject to information asymmetries that can limit their cost-...
Juan Carlos Escanciano (Universidad Carlos III de Madrid)
Toulouse: TSE, September 17, 2020, 11:00–12:15, room Zoom
One of the most important empirical findings in microeconometrics is the pervasive ness of heterogeneity in economic behaviour (cf. Heckman 2001). This paper shows that distribution functions and quantiles of the nonparametric unobserved heterogeneity have an infinite efficiency bound in many...
Zhijun Chen (Monash University)
TSE & IAST, September 16, 2020, 12:30–13:30, Zoom Meeting
Recent years have seen an increasing number of data-driven mergers including the Google-Fitbit merger, in which a dominant digital platform acquires a start-up company in a market for data collection. Combined with its huge capacity of data analytics, the digital platform is able to use consumer...
Paul Milgrom (Stanford University)
Toulouse: TSE, September 15, 2020, 18:00–19:30, room Zoom
In a Vickrey auction, if one bidder can invest to increase his value, the combined mechanism including investments is still fully optimal. By contrast, there exist monotone allocation rules that are arbitrarily close to the the allocative optimum, but such that the associated mechanism with...
