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Ingrid Van Keilegom (KU Leuven)
TSE, September 15, 2020, 15:30–17:00, room Zoom
When studying survival data in the presence of right censoring, it often happens that a certain proportion of the individuals under study do not experience the event of interest and are considered as cured. The mixture cure model is one of the common models that take this feature into account. It...
Andrew Atkeson (University of California - Los Angeles)
TSE, September 15, 2020, 14:00–15:30, room Zoom
We use a simple random growth model to study the role of changing dynamics of family firms in shaping the evolution of top wealth shares in the United States over the course of the past century. Our model generates a time path for top wealth shares. The path is remarkably similar to those found by...
Elisabeth Kempf
Toulouse, September 14, 2020, 15:30–17:00, Toulouse, room Zoom
Michael Schwert (The Wharton School - University of Pennsylvania)
September 14, 2020, 14:00, to September 14, 2021, 15:00, BDF Paris
We study the performance of collateralized loan obligations (CLOs) to understand the market imperfections giving rise to these vehicles and the corresponding costs. CLO equity tranches earn positive abnormal returns from the risk-adjusted price dif- ferential between leveraged loans and CLO debt...
Kevin Remmy (Toulouse School of Economics)
TSE, September 14, 2020, 14:00–15:30, room Zoom
How do firms adjust the price and quality of products in response to subsidies and marginal cost changes? Knowing the answer is essential for designing electric vehicle subsidies. I show that the answer to this question is ambiguous in a monopoly model of quality provision. I then build an...
Jacint Enrich Moya (Toulouse School of Economics)
Toulouse: TSE, September 14, 2020, 11:00–12:30, room Auditorium 6 - (3° floor)
Is agricultural development a prerequisite for structural transformation? In this paper I study the effect of tractor adoption on labor reallocation in France between 1970 and 2000. First, I present a theoretical model capturing adoption decisions, where improvements in tractor power play an...
Eyal Winter (Lancaster University;The Federmann Center for the Study of Rationality - The Hebrew University of Jerusalem)
Toulouse: TSE, September 8, 2020, 17:00–18:30, room Zoom
We analyze the implications of introducing priority service on customerswelfare. In monopoly markets, introducing priority service decreases the customers surplus despite increasing the assignment e¢ ciency: the monopolist extracts from customers a total payment higher than the total e¢ ciency gain...
Nikhil Vellodi (Princeton University and Paris School of Economics)
September 8, 2020, 14:00–15:00, Zoom meeting
I study the impact of consumer reviews on the incentives for firms to participate in the market through the lens of ratings design. Firms produce goods of heterogeneous, unknown quality that is gradually revealed via consumer reviews, and face both entry and exit decisions. A platform combines past...
Yang Yang (Toulouse School of Economics)
TSE, September 7, 2020, 14:00–15:30, room Zoom
Customer services made at the retail level are extremely important for enhancing the demand for the brands and products. The retailers, however, often consider price as the most important parameter of competition because the existence of price comparison tools makes the price information more...
Eva Tène (Toulouse School of Economics Research;INRAE)
Toulouse: TSE, September 7, 2020, 11:00–12:15, room Auditorium 4
This paper studies both the geoclimatic origins and the long-term impacts of matrilineal kinship systems, where inheritance is along the maternal line, in Sub-Saharan Africa. Exploiting cross-ethnic group variations in geoclimatic conditions, I first document that land suitability for root crops...
