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Andrey Fradkin
TSE & IAST, March 29, 2017, 12:30–13:30, room MS003
Yoosoon Chang
March 29, 2017
Hans Holter (University of Oslo)
TSE, March 28, 2017, 17:00–18:30, room MS001
Here is a temporary abstract but even that is subject to change as we get more results. Using the Norwegian Registry Data, containing income and wealth information for the entire Norwegian population, we study the distributions of idiosyncratic income and consumption risk over the life-cycle and...
Jia Li (Duke University)
TSE, March 28, 2017, 15:30–17:00, room MS 001
We provide new empirical evidence for the way in which financial markets process information. Our results are based on high-frequency intraday data along with new econometric techniques for making inference on the relationship between trading intensity and spot volatility around public news...
Martin Watzinger (University of Munich)
TSE & IAST, March 28, 2017, 12:30–13:30, room MS003
Federico Echenique (California Institute of Technology)
Toulouse: TSE, March 28, 2017, 11:00–12:30, room MS 001
Disagreements over long-term projects can often be traced to assumptions about the discount rate. The debate in economics over climate change is a case in point. We propose a theory of intertemporal choice that is robust to specific assumptions on the discount rate. Our discussion is centered...
Olivier De Jonghe
March 28, 2017
Marta Troya Martinez (Toulouse School of Economics)
TSE, March 27, 2017, 14:00–15:30, room MF 323
This article explores how the possibility of collusion affects relational contracts. Responsibility for a contract is delegated to a supervisor who cares about both production and kickbacks paid by the agents, neither of which are contractible. We characterize the optimal supervisor-agent...
Olivier Armantier
TSE, March 27, 2017, 12:30–13:45, room MF 323
“In August 2007,… banks were reluctant to rely on discount window credit to address their funding needs. The banks' concern was that their recourse to the discount window, if it became known, might lead market participants to infer weakness -the so-called stigma problem.” Bernanke (2009) Abstract A...
David Rapson (University of California - Davis)
Toulouse: TSE, March 27, 2017, 11:00–12:15, room MS 003
Households value diversity in many settings, including financial assets, gender of children, and occupations. This paper quantifies the extent to which multi-car households exhibit preferences for a diversified vehicle portfolio. We deploy a novel identification strategy to examine how an exogenous...
