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Bård Harstad (University of Oslo)
Toulouse: TSE, March 9, 2015, 11:00–12:30, room MS 003
Motivated by tropical deforestation, we analyze (i) a novel theory of resource ex-traction, (ii) the optimal conservation contract, (iii) the political regime preferred by the principal, and how this contrasts with the equilibrium regime.(i) This paper first presents a simple model where each...
Sebastian Dengler (Tilburg University)
Toulouse: TSE, March 5, 2015, 12:45–14:00, room MF 323
Perfect price discrimination has long been marginalized as a mere theoretical construct with the argument that no encompassing dataset exists as to perfectly anticipate every consumer’s willingness to pay. Recent trends in information technology, commonly referred to as “Big Data”, however, paired...
Dan Bogart (University of California, Irvine)
Toulouse: TSE, March 5, 2015, 11:00–12:30, room MF 323
The English East India Company helped build Britain's colonial empire, but the Company was not a leader in East Asian trade for nearly a century after its founding in 1600. This paper argues that its early performance was hindered by a problem of regulatory commitment. It gives a brief history of...
Joon Park (Indiana University)
TSE, March 3, 2015, 15:30–17:00, room MS 001
In this paper, we consider regressions with observations collected at small time interval over long period of time. For the formal asymptotic analysis, we assume that samples are obtained from continuous time stochastic processes, and let the sampling interval δ shrink down to zero and the sample...
Cathy Maugis (INSA Toulouse)
Toulouse: TSE, March 3, 2015, 14:00–15:15, room MF 323
This work is concerned with the detection of a mixture distribution from a R-valued sample. More precisely, given observations X1, …, Xn, our aim is to detect whether the corresponding distribution is g (up to a translation) or is defined as a two-component mixture. We propose a non-asymptotic...
Ryan Chahrour (Boston College)
TSE, March 2, 2015, 17:00–18:30, room MS 001
We show that a model with forecastable changes in future productivity and an occasionally-binding borrowing constraint can match a set of stylized facts about Sudden Stop events. “Good” news about future productivity raises current borrowing, increasing the probability that the constraint binds,...
Frédéric Bonnans (INRIA Saclay- Ecole Polytechnique - CMAP Palaiseau)
Toulouse: TSE, March 2, 2015, 15:00–16:00, room MS 001
We discuss stochastic optimal control problems whose volatility does not depend on the control, and which have finitely many equality and inequality constraints on the expected value of function of the final state, as well as control constraints. The main result is a proof of necessity of some...
Roman Inderst (Goethe University, Frankfurt)
TSE, March 2, 2015, 14:00–15:30, room MF 323
We model competition in a loss-leading environment by combining a model of sales (as in Varian 1990) with limited consumer attention: (i) Consumers only compare prices of a selected number of products and (ii) they may pay more attention either to price or quality, depending on the salience of the...
Marc Teboulle (Tel Aviv University)
Toulouse: TSE, March 2, 2015, 14:00–15:00, room MS 001
We introduce a novel approach for analyzing the worst-case performance of first-order black-box convex optimization methods. Our approach relies on the observation that by definition, the worst-case behavior of an optimization method is by itself an optimization problem which consists of finding...
Sergei Kovbasyuk
IDEI, March 2, 2015, 12:30–14:00, room MF 323
Speculators often advertise arbitrage opportunities in order to persuade other in- vestors and thus accelerate the correction of mispricing. We show that in order to minimize the risk and the cost of arbitrage an investor who identifies several mispriced assets optimally advertises only one of them...
