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Dimitri Vayanos
June 4, 2019, BDF Paris
Rui Silva
Toulouse, June 3, 2019, 12:30–14:00, room MF 323
We study the effect of initial public offerings (IPOs) on the human capital of firms. We document that going public has a significant impact on the employee composition of firms. Access to public equity markets increases the level of skill and professionalism of the workforce. Post-IPO, firms...
Magalie Delmas (University of California - Los Angeles)
Toulouse: TSE, June 3, 2019, 11:00–12:15, room MS 003
We evaluate 2010-2015 multiple residential energy efficiency subsidy programs using more than 11 million households’ electricity billing records in Southern California. We find that these programs reduce overall electricity usage by 4 percent. However, there are significant differences in their...
Alejandrina Cristia (EHESS, CNRS)
Toulouse: IAST, May 31, 2019, 11:30–12:30
Language is such an ubiquitous feature in human societies that one may think it is trivially easy to learn. However, this is clearly not true for anyone who has actually tried to learn a language in adulthood, or to design artificial agents who can process language. There is something in the...
Northwestern University, May 31 to June 1, 2019
Andrew Ellis (London School of Economics)
Toulouse: TSE, May 28, 2019, 11:00–12:30, room MS 001
The alternatives' payoffs in a choice problem are determined by the interaction of several distinct variables. I propose and axiomatize a model of a decision maker (DM) who recognizes that she may not accurately perceive the correlation between these variables, and who takes this into account when...
Harold Cole (Penn State University;Federal Reserve Bank of Philadelphia)
May 28, 2019, BDF Paris
Giacomo Calzolari (European University Institute)
TSE, May 27, 2019, 14:00–15:30, room MS 001room MS 001
Pricing algorithms are increasingly replacing human decision making in real marketplaces. To inform the competition policy debate on possible consequences, we run experiments with pricing algorithms powered by Artificial Intelligence in controlled environments (computer simulations). In particular...
Piero Gottardi
Toulouse, May 27, 2019, 12:30–14:00, room MF 323
We develop a general equilibrium theory of the capital structures of banks and firms. The liquidity services of bank deposits make deposits a cheaper source of funding than equity. In equilibrium, banks pass on part of this funding advantage in the form of lower interest rates to firms that borrow...
Catarina Roseta Palma (ISCTE – Instituto Universitário de Lisboa)
Toulouse: TSE, May 27, 2019, 11:00–12:15, room MS 003
Increasing efficiency in resource use is a commonly accepted aim. It creates the possibility of solving the economic problem of scarce resource allocation in a way that generates more income and, potentially, increases welfare. However, it has long been clear that higher levels of efficiency in the...
