Jump to navigation
Dessein Wouter (Columbia University)
Toulouse: TSE, March 7, 2017, 11:00–12:30, room MS 001
We develop a simple model of firm dynamics, where firm performance depends on a set of intangible assets that we call organizational capital. In turn, the growth of organizational capital depends on the ability and behavior of the CEO. The profit-maximizing firm owner can hire and fire the CEO but...
Fabian Herweg (University of Bayreuth)
TSE, March 6, 2017, 14:00–15:30, room MF 323
The procurement of complex projects is often plagued by large cost overruns. An important reason for these additional costs are flaws in the initial design. If the project is procured with a price-only auction, sellers who spotted some of these flaws have no incentive to reveal them early, which...
Giorgia Piacentino
TSE, March 6, 2017, 12:30–14:00, room MF 323
We present a banking model in which bank debt circulates in secondary markets, facilitating trade. The key friction is that secondary market trade is decentralized, i.e. bank debt is traded over the counter like banknotes were in the nineteenth century and repos are today. We find that bank debt is...
Maureen Cropper (University of Maryland)
Toulouse: TSE, March 6, 2017, 11:00–12:15, room MS 003
We value climate amenities by estimating a discrete location choice model for US households. The utility of each metropolitan statistical area (MSA) depends on location-specific amenities, earnings opportunities, housing costs, and the cost of moving to the MSA from the household head’s birthplace...
Jean-Gabriel Despeyroux (MAPP economics)
Toulouse: TSE, March 3, 2017, 15:30–17:30, room MF323
Alex Kacelnik (University of Oxford)
Toulouse: IAST, March 3, 2017, 11:30–12:30, room MF323
Nathalie Pistre (Natixis Asset Management - Deputy CIO)
Toulouse: TSE, March 2, 2017, 17:00–18:30, room MB II
Alexandre Cornière (de) (Toulouse School of Economics)
TSE & IAST, March 1, 2017, 12:30–13:30, room MS003
Paul Beaudry (The University of British Columbia)
TSE, February 28, 2017, 17:00–18:30, room MF 323
We define Real Keynesien models to be a class of models where changes in demand can create business cycle type fluctuations even in the absence of sticky nominal prices. The goal of the paper is to explore the properties and empirical implications of a Real Keynesien model once it is embedded in a...
Konrad Stahl (University of Mannheim)
TSE, February 27, 2017, 14:00–15:30, room MF 323
We study an infinite-period dynamic predation model in which a dominant firm can either accommodate a weak rival or drive it out of the market. When the weak rival exits a new rival firm is born with some positive probability. We characterize the Markov perfect equilibria of the model and show that...
