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Xavier Jaravel
June 26, 2018
Manufacture des Tabacs, S Building, Toulouse, France, June 25–26, 2018, room MS001-MS002
Paris, France, June 22, 2018
Francis Vella (Georgetown University)
TSE, June 21, 2018, 11:00–12:30, room MF 323
We analyze the patterns and determinants of hourly real wage changes in the United States for the period 1976 to 2016 at various quantiles of the wage distribution while accounting for selection bias from the employment decision. Male wages at the median and below have decreased despite large...
Toulouse, France, June 21–22, 2018
Andrew Rhodes (Toulouse School of Economics - Research - UT Capitole)
Toulouse: TSE, June 21, 2018, room MF323
Jeremy Watson (University of Minnesota)
TSE & IAST, June 20, 2018, 12:30–13:30, room MS003
Leslie Marx (Duke University)
Toulouse: TSE, June 19, 2018, 11:00–12:30, room MF323
Clock auctions are weakly group strategy-proof, make bidding truthfully an obviously dominant strategy, and preserve trading agents’ privacy. They have proved useful in practice but challenging to implement in a prior-free, asymptotically optimal way. We characterize the Bayesian optimal clock...
Christina Wang
June 19, 2018
Giovanna Nicodano
TSE, June 18, 2018, 12:30–14:00, room MF 323
This paper argues that a survivorship bias is able to distort upwards the measurement of the average ex-post firm value, because bankruptcy cancels firms with low realized cash flows from databases. This bias increases in bankruptcy probability, giving rise to known pricing puzzles across types of...