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Ariel Pakes (Harvard University)
TSE, October 4, 2017, 15:30–17:00, room MS 001
We document the evolution of the new market for frequency response within the UK electricity system over a six-year period. Firms competed in price while facing considerable initial uncertainty about demand and rival behavior. We show that over time prices stabilized, converging to a rest point...
Melinda Matyas (UCL Energy Institute)
TSE & IAST, October 4, 2017, 11:30–12:30, room MS003
Building on technological progress, travel survey methods have evolved to take advantage of smartphones for ubiquitous data capture. These devices have high potential to decrease the strain on respondents while also improving the survey experience. The presentation will introduce developments in...
Axelle Ferriere (European University Institute)
TSE, October 3, 2017, 17:00–18:30, room MS 001
How expansionary is government spending? We revisit this classic question by taking into account the distribution across households of taxes used to finance these spending. Using US data from 1913 to 2006, we provide evidence that government spending multipliers are positive only when financed with...
Felix Kübler (University of Zurich)
Toulouse: TSE, October 3, 2017, 11:00–12:30, room MS 001
In this paper I introduce the concept of \lq\lq self-justified \rq\rq equilibrium as an alternative to rational expectations equilibrium. In a self-justified equilibrium agents' expectations can be described by finite sets and agents forecast future prices by extrapolation. The expectations are...
TSE, October 2, 2017, 14:00–15:30, room MS 001
Shan Zhao
TSE, October 2, 2017, 12:30–14:00, room MF 323
We analyze the role of institutional cross-ownership in internalizing corporate governance externalities using data on mutual fund proxy voting. Exploiting the variation in cross-ownership across institutions within a proposal as well as the variation in cross-ownership across firms within a given...
Eldar Shafir (Princeton University)
Toulouse: IAST, September 29, 2017, 11:30–12:30, room MS 001
Redmond, Washington, September 29–30, 2017
Toulouse: IAST, September 28, 2017, 18:00–20:00, room Amphitheater Cujas
Gayaneh Kyureghian (ALISS, INRA)
TSE, September 28, 2017, 14:00–15:15, room MS 003
Over the next few decades, the share of the elderly population in France will increase steadily. There is concern that aging households cannot maintain the pre-retirement level of consumption. Although there is empirical evidence that the expenditure on non-durables decreases as households age,...
