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Marcelo Olarreaga (Université de Genève)
TSE & IAST, December 5, 2018, 12:30–13:30, room MS003
Damian Kozbur (University of Zurich)
TSE, December 4, 2018, 15:30–17:00, room MS 001
This paper introduces and analyzes a procedure called Testing-Based For ward Model Selection (TBFMS) in linear regression problems. This procedure inductively selects covariates that add predictive power into a working statistical model before estimating a final regression. The criterion for...
Daniel Freshtman (Bonn University and Tel-Aviv University)
Toulouse: TSE, December 4, 2018, 11:00–12:30, room MS 001
We study a model of experimentation in which the set of alternatives is endogenously shaped by past search decisions. The environment reflects a tradeoff between exploring existing alternatives and search for additional ones, in the face of uncertainty about what outside alternatives may be found....
Mathias Trabandt (School of Business and Economics at Freie Universität Berlin.)
December 4, 2018, Banque de France
We propose a resolution of the missing deflation puzzle, i.e. the fact that inflation fell very little during the Great Recession against the backdrop of the large and persistent fall in GDP. Our resolution of the puzzle stresses the importance of nonlinearities in price and wagesetting using...
Marti Mestieri (University of Northwestern)
TSE, December 3, 2018, 17:00–18:30, room MF 323
We document that income elastic sectors are more intensive in high- and low-skill occupations than income inelastic sectors, which are relatively more middle-skill intensive. We show that this implies that technological progress (neutral or skill-biased) increases inequality through feedback from...
Mar Reguant (Northwestern University)
TSE, December 3, 2018, 14:00–15:30, room MS 001
The economics literature has focused on quantifying the marginal value of renewables by looking at their market value as a decrease in energy market price and environmental value as a reduction of emissions. However, variable renewable energy adds integration costs due to its intermittency that...
Ole Wilms
TSE, December 3, 2018, 12:30–14:00, room MF 323
This paper examines the effects of the heterogeneity of agents’ beliefs about the persistence of long-run risks in consumption-based asset-pricing models. Agents who believe in a lower persistence level dominate the economy rather quickly, even if their belief is wrong. In a standard calibration of...
Ingela Alger (Toulouse School of Economics)
Toulouse: TSE, December 3, 2018, 11:00–12:15, room MS 003
During human evolution, individuals interacted in groups connected by limited migration and sometimes conflicts. If the spread of preferences, from one generation to the next, depends on their material success, which preferences will prevail? Building on population biology models of spatially...
Miriam Golden (UCLA)
Toulouse: IAST, November 30, 2018, 11:30–12:30, room MF 323
We assemble original data from 129 countries around the world on the re-election rates of national legislators in recent elections. The data show that incumbent re-election rates increase substantially with a country's level of economic development. Using a political agency model with endogenous...
SCOR, Paris, November 30, 2018, 09:00–17:00, room Room La Pérouse GOP1
