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Toulouse, March 14–15, 2019
Maiting Zhuang (CNRS, Paris School of Economics, France)
TSE & IAST, March 13, 2019, 12:30–13:30, Manufacture des Tabacs, room MS003
Xavier D'Haultfoeuille (CREST, ENSAE)
TSE, March 12, 2019, 15:30–17:00, room MS 001
Dyadic data are samples indexed by two units from the same population. Examples include trade flows between countries, relationships in a network or results of sports matches. Such data exhibit particular dependence patterns, affecting the statistical properties of the estimators. We establish in...
Vasiliki Skreta (University of Texas)
Toulouse: TSE, March 12, 2019, 11:00–12:30, room MS 003
We develop a tool akin to the revelation principle for mechanism design with limited commitment. We identify a canonical class of mechanisms rich enough to replicate the payoffs of any equilibrium in a mechanism-selection game between an uninformed designer and a privately informed agent. A corner...
Ariel Zetlin-Jones (Carnegie Mellon University)
March 12, 2019, BDF Paris
We study risk and maturity transformation when bank liabilities facilitate trade in goods markets and households face aggregate liquidity shocks. Banks’ balance sheets transform aggregate investment risk providing a stable source of liquidity to households. When investments are sufficiently risky...
Mirko Wiederholt
TSE, March 11, 2019, 17:00–18:30, room MF 323
Information frictions play an important role in many theories of expectation formation and macroeconomic fluctuations. We use a survey experiment to generate direct evidence on how people acquire and process information. Participants can buy different information signals that could help them...
Simon Board (University of California - Los Angeles)
TSE, March 11, 2019, 14:00–15:30, room MS 001
This paper proposes a tractable model of Bayesian learning on social networks in which agents choose whether to adopt an innovation. We study the impact of network structure on learning dynamics and diffusion. In tree networks, we provide conditions under which all direct and indirect links...
Dimitrios Tsomocos
Toulouse, March 11, 2019, 12:30–14:00, room MF 323
We modify the Diamond and Dybvig (1983) model of banking to jointly study various regulations in the presence of credit and run risk. Banks choose between liquid and illiquid assets on the asset side, and between deposits and equity on the liability side. The endogenously determined asset portfolio...
Bård Harstad (University of Oslo)
Toulouse: TSE, March 11, 2019, 11:00–12:15, room MS 003
Both the market and the regulator have incomplete information regarding products' characteristics, but non-governmental organizations and activists often have expertise or motivation to investigate and acquire new information. Negative signals about a product's environmental externalities, for...
Enrique Andreu (Compass Lexecon)
Toulouse: TSE, March 8, 2019, 15:30–17:30, Manufacture des Tabacs, room MF 323