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Yonglei Wang (Toulouse School of Economics)
Toulouse: TSE, November 13, 2014, 12:45–14:00, room MF 323
By studying the Chinese margin-trading and short-selling program, this paper provides evidence that allowing margin-trading and short-selling has a negative effect on liquidity because of the information asymmetry that makes uninformed investors reluctant to trade. The mechanism is further verified...
Marina Halac (University of Columbia)
Toulouse: TSE, November 13, 2014, 11:00–12:30, room MS 001
We study the design of contests for specific innovations when there is learning: contestants’ beliefs dynamically evolve about both the innovation’s feasibility and opponents’ success. Our model builds on exponential-bandit experimentation. We characterize contests that maximize the probability of...
Jean-Paul Azam (Toulouse School of Economics - ARQADE)
Toulouse: TSE, November 13, 2014, 11:00–12:30, room MF 323
The incidence of civil war in Sub-Saharan Africa since the turn of the century is less than half what it was on average in the last quarter of the 20th century. This paper shows that the aid boom triggered by 9/11 played a key role in achieving purposefully this result using panel data for 46...
Allen Treb (University of Northwestern)
TSE, November 10, 2014, 17:00–18:30, room MS 001
However, characterization of their theoretical and empirical properties has thus far been primarily focused on specific parametric examples. In this paper, we show there exist a number of theoretical and empirical properties that are universal to all gravity trade models, regardless of their...
Paolo Sodini
TSE, November 10, 2014, 12:30–14:00, room MF 323
This paper investigates the determinants of value and growth investing in a large administrative panel of Swedish residents over the 1999-2007 period. We document strong relationships between a household’s portfolio tilt and the household’s financial and demographic characteristics. Value investors...
Michael Jennions (Research School of Biology, The Australian National University)
Toulouse: IAST, November 7, 2014, 11:30–12:30, room MS001
This is a talk in two parts. First, I describe a recent theoretical model explaining the forces the influence investment into sexual selected traits (e.g. sexual ornamentation). The model provides a framework to understand the effect that the intensity of competition for mates has on whether it is...
Michael Bang Petersen (Aarhus University)
Toulouse: IAST, November 6, 2014, 15:30–16:30, room MF323
Humans have evolved sophisticated psychological mechanisms tailored to solve enduring adaptive problems of social life. Many of these social problems are political in nature and relate to the distribution of costs and benefits within and between groups. In that sense, humans are, by nature,...
Johannes Schneider (University of Mannheim)
Toulouse: TSE, November 6, 2014, 12:45–14:00, room MF 323
In this paper, I look at the features of a model in which an informed sender can propose a project to an uninformed receiver. The receiver can accept or reject the projects implementation. If the receiver rejects, the sender can propose a different project (if available) to the receiver, which, in...
Antonio Estache (Université Libre de Bruxelles, ECARES)
Toulouse: TSE, November 6, 2014, 11:00–12:30, room MS 001
No paper
Ethan Ligon (University of California, Berkeley)
TSE, November 4, 2014, 15:30–17:00, room MS 001
