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Bill Dupor (Federal Reserve Bank of St. Louis)
Toulouse: TSE, December 13, 2016, 17:00–18:30, room MS 003
In this paper, we estimate the effect of defense spending on the U.S. macroeconomy since World War II. First, we construct a new panel dataset of state-level federal defense contracts. Second, we sum observations across states and, using the resulting time series, estimate the aggregate effect of...
Nicolas Klein (University of Montreal)
Toulouse: TSE, December 13, 2016, 11:00–12:30, room MF 323
We analyze a relational contracting problem, in which the principal has some private information about the future value of the relationship. In order to reduce bonus payments, the principal is tempted to claim that the value of the future relationship was lower than it actually is. To induce truth-...
Manufacture des Tabacs - MF 323, Toulouse, France, December 13, 2016
Toulouse, France, December 13, 2016
December 12, 2016, 15:30–17:30, room MS003
Adrien Matray (Princeton University)
Toulouse: TSE, December 12, 2016, 12:30–14:00, room MF 323
We show that firms reduce their investment in response to non-fundamental drops in the stock price of their product-market peers. This spillover is economically significant and consistent with the hypothesis that managers rely on stock prices as a source of information but cannot perfectly filter...
Grégory Ponthieres (Paris School of Economics)
Toulouse: TSE, December 12, 2016, 11:00–12:15, room MS 003
We revisit the Tragedy of the Commons in an dynamic overlapping generations economy peopled of shepherds who decide how many sheep they let graze on a common parcel of land, while relying on different forms of rationality (Nash players, Pure or Impure Kantian players). We examine the dynamics of...
Rajiv Sethi (Columbia University)
Toulouse: IAST, December 9, 2016, 11:30–12:30, room MF323
This talk will provide an overview of trends in crime and punishment in the United States over the past few decades, with particular attention to racial disparities in offending, victimization, arrest, and incarceration. A key theme is the role of stereotypes in conditioning interactions between...
Kaivan Munshi (University of Cambridge)
Toulouse: TSE, December 8, 2016, 11:00–12:30, room MC 203
A large and growing literature has taken the position that ethnic politics plays a major role in both limiting the supply of public goods and distorting their allocation in many developing countries. We examine the role of local ethnic politics in supplying public goods within a framework that...
Eric Gautier (Toulouse School of Economics)
Toulouse: TSE, December 8, 2016, 11:00–12:15, room MS 003
We consider a linear model where the coefficients - intercept and slopes - are random and independent from regressors which support is a proper subset. We provide conditions for identification of the distribution of the coefficients relying on quasi-analyticity. Some involve the tails of the...
