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Shengxing Zhang (London School of Economics)
TSE, December 5, 2017, 17:00–18:30, room MS 001
We examine how aggregate output and income distribution interact with accumulation of intangible capital over time and across individuals. We consider an overlapping generations economy in which managerial skill (intangible capital) is essential for production, and it is acquired by young workers...
Walter Distaso (Imperial College London)
TSE, December 5, 2017, 15:30–16:50, room MS001
This paper develops statistical tools for testing conditional independence among the jump components of the daily quadratic variation, which we estimate using intraday data. To avoid sequential bias distortion, we do not pretest for the presence of jumps. If the null is true, our test statistic...
James Best (University of Oxford)
Toulouse: TSE, December 5, 2017, 11:00–12:30, room MS 001
We examine a persuasion game where concerns about future credibility are the sole source of current credibility. A long-run sender plays a cheap talk game with a sequence of short-run receivers. Even with perfect monitoring, long-run incentives do not perfectly substitute for ex-ante commitment to...
Vincenzo Quadrini
December 5, 2017
Steve Puller (Texas A&M University)
TSE, December 4, 2017, 14:00–15:30, room MS 001
Oligopoly models of short-run price competition predict that large firms can exercise market power and generate inefficiencies. Inefficiency, however, can arise from other sources as well, such as from heterogeneity in strategic sophistication. We study such a setting in the Texas electricity...
Guillaume Vuillemey
TSE, December 4, 2017, 12:30–14:00, room MF 323
We provide the first detailed empirical analysis of the failure of a derivatives clearinghouse: the Caisse de Liquidation, which defaulted in Paris in 1974. Using archival data, we find three main causes of the failure: (i) a weak pool of investors, (ii) the inability to contain the growth of a...
Tim Lamb (Facebook), and Jérôme Philippe (Freshfields Bruckhaus Deringer)
Toulouse: TSE, December 1, 2017, 15:30–17:00, room MF323
Sophie Hatte (University of Lausanne)
Toulouse: TSE, December 1, 2017, 14:00–15:30, room MS 001
We study how news coverage of immigrants’ criminality impacted municipality-level votes in the 2009 referendum on "Minaret Ban" in Switzerland. The campaign, successfully led by the populist party SVP, played aggressively on the fears of Muslim immigration and linked Islam with terrorism and...
Daniel Nettle (Newcastle University)
Toulouse: IAST, December 1, 2017, 11:30–12:30, room MF323
Integrative theories to explain the distribution of human overweight and obesity are lacking. The evolutionary perspective has correctly emphasised the role of Western energy-dense diets, but fails to explain why some social groups and some countries are more strongly affected than others. The...
Carl Gaigné (INRA, Rennes)
TSE, November 30, 2017, 14:00–15:15, room MS 003
The paper tests whether the “quality”-focused non-tariff measures, such as technical barriers to trade (TBT) measure or sanitary and phytosanitary (SPS) measures, are trade-distorting and quality-improving. We first develop a firm-based trade model with information asymmetry on product quality. We...
