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Sam Asher (Imperial College London, Business School)
October 2, 2025, 11:00–12:30, room Auditorium 4
Cultural capital — defined in this paper as specific human capital that lowers the cost of cooperating with elites who have disproportionate control over resources — has long been a major topic of research in sociology. Economics has been slow to study this concept because of the difficulty in...
Emanuel Rapsch (Technische Universität Berlin)
Toulouse: TSE, October 2, 2025, 11:00–12:15, room Auditorium 3
In this dissertation, an abstract and general language for the fundamental objects underlying dynamic games under probabilistic uncertainty is developed. Combining the theory of decision trees by Alós-Ferrer–Ritzberger (2005) and a Harsanyian notion of exogenous uncertainty, the concept of...
Frank Kleibergen (University of Amsterdam)
TSE, September 30, 2025, 15:30–16:50, room Auditorium 4
The difference between the population analogs of the traditional Jacobian rank statistic and the J-statistic provides an appropriate identification measure for the pseudo-true values of the continuous updating and two-stage estimators in the misspecified linear generalized method of moments, whilst...
Margarita Tsoutsoura (Washington University, St Louis)
September 30, 2025, 14:00–15:30, BDF, Paris, room Salle 6 de l’espace conférence
We develop a new approach to identify different categories of depositors during periods of uncertainty and quantify their compensation to remain in the bank. We isolate withdrawals due to liquidity needs, deterioration of fundamentals, and expectation about withdrawal behavior of other depositors....
Benjamin Born (University of Bonn, Germany)
September 30, 2025, 11:30–12:30, BDF, Paris, room Salle 5 Espace conférence and online
We use a novel survey approach with hypothetical vignettes to analyze firms' investment sensitivity to interest rates, allowing us to causally identify firms' investment adjustments in response to various changes in lending rates. In a large survey of German firms, we find a semi-elasticity of...
Jonathan Schulz (George Mason University)
Toulouse: IAST, September 30, 2025, 11:30–12:30, room Auditorium 4 (First Floor - TSE Building)
This paper examines the impact of cultural diversity on innovation. Focusing on the United States from 1850 to 1940, we develop a novel surname-based measure of cultural diversity and combine this with patent data. Leveraging quasi-random variation in counties' surname compositions driven by...
Stephan Waizmann (Yale University)
Toulouse: TSE, September 30, 2025, 11:00–12:15, room Auditorium 3
This paper investigates the impact of artificial intelligence on the interaction between firms and consumers. It focuses on the use of learning algorithms in environments with strategic consumers — where learning must occur in the face of consumers who best-respond and adapt their behavior. An...
Susumu Sato (Hitotsubashi University)
TSE, September 29, 2025, 14:15–15:30, room Auditorium 4
Many platforms charge percentage commissions on third-party sales. They may also charge per unit fees on ancillary services (such as FbA for Amazon's shipping and warehousing), and they may authorize (or be obliged) to offer seller opt-out of such services. We analyze the economics of these options...
Margarita Tsoutsoura (Washington University in Saint Louis)
Toulouse: TSE, September 29, 2025, 11:00–12:30, room Auditorium 3
We examine how the political ideology of corporate leaders shapes cross-border firm networks. Exploiting changes in ideological alignment between U.S. firm CEOs and foreign governments around close foreign elections, we show that U.S. firms are more likely to terminate trade relationships with...
Jacob Moscona (Massachusetts Institute of Technology)
Toulouse: TSE, September 29, 2025, 11:00–12:15, room Auditorium 4
Can public R&D investment in developing countries drive productivity growth? We study this question in the context of Brazilian agriculture and the Empresa Brasileira de Pesquisa Agropecuária (Embrapa), a public research corporation established in 1973 to develop locally suitable science and...
