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Francis Wong (LMU, Munich)
TSE, November 8, 2024, 11:00–12:15, room Auditorium 4
Using high-frequency administrative data covering millions of US homeowners, I document three novel facts about homeowner responses to property tax increases driven by rising home values. First, non-migrating homeowners cut consumption, exhibit financial distress, and do not borrow against their...
Mathias Laffont (Union of the French Electricity Industry)
Toulouse: TSE, November 7, 2024, 17:00–18:00, room Auditorium 3 JJ Laffont
After two more “traditional” roles for an economist at regulatory authorities (the French Competition Authority and the French Transport Regulator), I joined one of the major trade associations (a polite way to describe a lobby) in the electricity sector, returning to a field characterized by...
Eugen Tereanu (European Central Bank)
November 7, 2024, 14:30–16:00, BDF, Paris
We build a parsimonious, credit driven agent based model which consistently integrates the balance sheets of multiple firms, households and banks to then simulate the effects of releasable macroprudential capital buffers (e.g. CCyB). Starting from the framework in Gross (2022) which generates well-...
Jan-Henrik Steg (University of Bielefeld)
Toulouse: TSE, November 7, 2024, 11:00–12:15, room Auditorium 3
This paper studies oligopolistic irreversible investment with closed-loop strategies. These permit fully dynamic interactions that result in much richer strategic behavior than previous studies with open-loop strategies allow. The tradeoff between preemption incentives and the option value of...
Eduardo Montero (Chicago University)
November 7, 2024, 11:00–12:30, room Auditorium 4
: How do economic costs affect religious group membership, and how do religious organizations respond to exogenous changes in membership costs? We study these questions in the context of the Seventh-Day Adventist (SDA) church in Sub-Saharan Africa. The SDA church prohibits or strongly discourages...
Marine Carrasco (University of Montreal)
TSE, November 5, 2024, 15:30–16:50, room Auditorium 4
We consider the functional linear regression model with a scalar response and a Hilbert space-valued predictor, a well-known ill-posed inverse problem. We propose a new formulation of the functional partial least-squares (PLS) estimator related to the conjugate gradient method. We provide the first...
Tobias Salz (MIT)
November 5, 2024, 14:00–15:00, Zoom Meeting
We evaluate the economic forces that contribute to Google’s large market share in web search. We develop a model of search demand in which consumer choices are influenced by switching costs, quality beliefs, and inattention, and estimate it using data from a field experiment with US desktop...
Isabelle Méjean (Sciences Po, Paris)
TSE, November 5, 2024, 14:00–15:30, room Auditorium 4
This paper investigates how firms adapt their sourcing of clean and dirty inputs in response to changes in climate policy. We use information from the European Union’s Emissions Trading System (EU ETS) and the Carbon Border Adjustment Mechanism (CBAM) to create a new classification of clean and...
Jeanne Commault
November 5, 2024, 11:30–12:30, BDF, Paris, room Salle 4GH and online
The marginal propensity to consume (MPC) is a central object in economics that is key to understand the transmission of shocks. Recent empirical findings challenge the standard view that its distribution is mostly explained by constraints on liquid wealth: (i) some people with substantial liquid...
George Ofosu (London School of Economics and Political Science)
Toulouse: IAST, November 5, 2024, 11:30–12:30, room Auditorium 4 (First floor - TSE Building)
Partisans often face two dilemmas when deciding to vote for a potentially better-performing opposition candidate in clientelistic distributive systems. First, whether the opposition candidate, once elected, will provide them with promised public goods. Second, whether they can sanction the...
