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Ralph Koijen
TSE, May 9, 2016, 12:30–13:45, room MF 323
We develop an asset pricing model with rich heterogeneity in asset demand across investors, designed to match institutional holdings. The equilibrium price vector is uniquely determined by market clearing for each asset. We relate our model to traditional frameworks including Euler equations, mean-...
Matthew Neidell (University of Columbia)
Toulouse: TSE, May 9, 2016, 11:00–12:15, room MS 003
Despite the emergence of high quality evidence on the short run effects of exposure to pollution, we know considerably less about its long run effects, largely because dynamic optimization leads to endogenous exposure in the long run. Obtaining causal estimates is essential because the most...
Jimena Ferraro (Toulouse School of Economics)
Toulouse: TSE, May 9, 2016, 11:00–12:30, room MF 323
A number of different approaches to reduce digital piracy have been at the center of the debate since the rise of Internet. Nevertheless, most of them have disregarded the ability that firms or creators of the pirated good have to hinder this illegal behavior. The model in this paper presents a...
Dhiraj Murthy (University of London)
TSE & IAST, May 4, 2016, 12:30–13:30, room MS003
Lutz Kilian (University of Michigan)
TSE, May 3, 2016, 15:30–17:00, room MS 001
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset....
Ricardo Alonso (London School of Economics)
Toulouse: TSE, May 3, 2016, 11:00–12:30, room MS 001
In a symmetric information voting model, an individual (politician) can influence voters' choices by strategically designing a policy experiment (public signal). We char- acterize the politician's optimal experiment. With a non-unanimous voting rule, she exploits voters' heterogeneity by designing...
Johan Hombert
May 3, 2016
Philippe Choné (CREST, ENSAE)
TSE, May 2, 2016, 14:00–15:30, room MF 323
We empirically assess the nature and strength of strategic interactions in industries with spatial nonprice competition. Given that the utilities provided by firms to consumers are unobserved to the researcher, our identification strategy relies on longitudinal data and on the occurrence of firm-...
Wolfgang Lemke
April 19, 2016
Marc Van der Woude (Cour de justice de l’Union Européenne, Luxembourg)
Toulouse: TSE, April 15, 2016, 15:30–17:00, room MF323
