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Kamel Daoud
Toulouse: IAST, November 8, 2018, 18:00–20:00, Université Toulouse Capitole, 2 rue des puits creusés, Cujas Amphitheater
« Nous sommes arabes parce que nous ne sommes pas français ». « Nous sommes musulmans parce que nous ne sommes pas chrétiens et occidentaux ». « Nous sommes algériens parce que nous ne sommes pas arabes ». Le discours d’identité en Algérie est peut-être un parfait discours de la contradiction, pas...
Lars Nesheim (University College London)
TSE, November 8, 2018, 14:00–15:30, room MS 003
We propose a demand model where consumers simultaneously choose a few different goods from a large menu of available goods, and choose how much to consume of each good. The model nests multinomial discrete choice and continuous demand systems as special cases. Goods can be substitutes or...
Sven Hanold (UAB and Barcelona GSE)
Toulouse: TSE, November 8, 2018, 12:45–14:00, room MS 003
In this paper I study incentives to invest in platform quality by organizations that operate either in a two-sided mode or in a one-sided mode, both in monopoly and duopoly market environments. In the two-sided mode, a platform enables direct interactions between consumers and sellers, that is,...
Natalia Rigol (Harvard Business School)
Toulouse: TSE, November 8, 2018, 11:00–12:30, room MF 323
Microentrepreneurs in low-income countries have high marginal returns to capital yet face significant credit constraints. Because returns are highly heterogeneous, the cost of assessing credit worthiness often makes lending to this sector unprofitable. In this paper, we show that (1) community...
Antoine Martin (NY Fed)
Banque de France, November 7, 2018
We develop a model of decentralized asset markets with a tiered trading structure. Dealers, who strategically supply liquidity to traders, are subject to both liquidity and adverse selection costs. Dealers can manage the liquidity cost through interdealer trading. Adverse selection, however, can...
Michi Kandori (University of Tokyo)
Toulouse: TSE, November 6, 2018, 11:00–12:30, room MS 001
Tatsuro Senga (Queen Mary, University of London)
TSE, November 5, 2018, 17:00–18:30, room MF 323
Using a unique data set of Japanese multinational firms' sales forecasts, we provide new evidence on imperfect information and learning at the firm level in the international market. We document three new facts concerning forecasts and forecast errors (FEs). First, firms make more precise forecasts...
Tobias Salz (Columbia University)
TSE, November 5, 2018, 14:00–15:30, room MS 001
This paper evaluates the intermediation of auto loans through auto dealers, using new and comprehensive administrative data. The arrangement between dealers and banks might lower the cost of loans for consumers, because dealers typically obtain rate quotes from many more lenders than consumers...
Fahad Saleh
TSE, November 5, 2018, 12:30–14:00, room MF 323
Proof-of-Work (PoW) blockchains possess at least two undesirable character- istics: exceptional price volatility and welfare impairment. Exceptional price volatility arises because PoW implements a passive monetary policy that fails to modulate cryptocurrency demand shocks. Welfare impairment...
Sébastien Houde (University of Maryland)
Toulouse: TSE, November 5, 2018, 11:00–12:15, room MS 003
How consumers perceive different aspects of product cost, such as sales tax, shipping and handling charges, and energy operating expenses among others, have important welfare implications for policy. In this paper, we estimate heterogeneous perceptions of energy costs in the U.S. appliance market...
