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Pierre Maréchal (Institut de Mathématiques de Toulouse - Université Paul Sabatier)
TSE, April 16, 2019, 15:30–17:00, room MS001
In this paper, we use a mollifier approach to regularize the deconvolution, which has been used in research fields like medical imaging, tomography, astrophysics but, to the best of our knowledge, never in statistics or econometrics. We show that the analysis of this new regularization method...
Francesco Squintani (University of Warwick)
Toulouse: TSE, April 16, 2019, 11:00–12:30, room MS 001
It is under revision, and I'd rather not circulate it. Here is an abstract: "Real-world transaction are often limited: Not all contracts are legal. As a result, I show economic examples where the only way to implemente first-best is as follows. First, the parties contractually commit to an...
Marco Bassetto (Federal Reserve Bank of Minneapolis)
April 16, 2019, BDF Paris
This paper proposes a new equilibrium concept – organizational equilibrium – for models with state variables that have a time-inconsistency problem. The key elements of this equilibrium concept are: agents are allowed to ignore the history and restart the equilibrium; agents can wait for future...
Pedro Teles (Catolica-Lisbon - Banco de Portugal)
TSE, April 15, 2019, 17:00–18:30, room MF 323
How should scal and trade policy be set cooperatively when government expenditures must be financed with distorting taxes? We study this question in canonical dynamic general equilibrium models of international trade using both the Ramsey and Mirrlees approaches. We show that free trade and...
Jean-Pierre Dubé (University of Chicago)
TSE, April 15, 2019, 14:00–15:30, room MS 001
We study the causes of \nutritional inequality": why the wealthy eat more healthfully than the poor in the U.S. Exploiting supermarket entry, household moves to healthier neighborhoods, and purchasing patterns among households with identical local supply, we reject that neighborhood environments...
Simon Mayer
Toulouse, April 15, 2019, 12:30–14:00, room MF 323
We present a model of liquidity management and financing decisions under moral hazard in which a firm accumulates cash to forestall liquidity default. When the cash balance is high, a tension arises between accumulating more cash to reduce the probability of default and providing incentives for the...
Julien Daubanes (Geneva University)
Toulouse: TSE, April 15, 2019, 11:00–12:15, room MS 001
We examine an open economy’s strategy to reduce its carbon emissions by replacing its consumption of coal—very carbon intensive—with gas—less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral carbon-reduction policies with more than one carbon energy source may...
Manufacture des Tabacs - Building S, Toulouse, France, April 15, 2019, room MS003-MS002
Thomas Mariotti
TSE, April 11, 2019, 15:30–16:15, Manufacture des Tabacs, room MS001
We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption decisions without exact prior knowledge of their long-term consequences. For arbitrary distributions of risk, there exists a consumer-optimal information nudge that is of cutoff...
Sophie Moinas
TSE, April 11, 2019, 14:15–15:00, Manufacture des Tabacs, room MS001
Information technology, infrastructure enhancement, and arbitrage strategies all contribute to link trading venues in fragmented markets. Our paper highlights a new cross-market linking channel: the interdependence of liquidity providers' inventory costs. We use a two-venue duopoly model involving...
