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Jean-François Dupuy (INSA, Rennes)
Toulouse: TSE, November 4, 2014, 14:00–15:30, room MF 323
In this talk, estimation of the extreme-value index of a heavy-tailed distribution is addressed when some random covariate information is available and the data are randomly right-censored. An inverse-probability-of-censoring-weighted kernel version of Hill's estimator of the extreme value index is...
Renato Gomes (Toulouse School of Economics)
Toulouse: TSE, November 4, 2014, 11:00–12:30, room MS 001
The proliferation of new payment methods on the Internet rekindles the old and unsettled debate about merchants' incentive and ability to differentiate price according to payment choice. This paper develops an imperfect-information framework for the analysis of platform and social regulation of...
Jose Peydro
November 4, 2014
Juan Pablo Xandri (University of Princeton)
TSE, November 3, 2014, 17:00–18:30, room MS 001
Christine Grün (Université Toulouse 1 Capitole)
Toulouse: TSE, November 3, 2014, 15:00–16:00, room MF 323
We study a model of a two-player, zero-sum, stopping game with incomplete information on both sides. We assume that the payoff depends on two continuous-time Markov chains (X_t),(Y_t) where (X_t) is only observed by player 1 and (Y_t) only by player 2. We show the existence of a value by PDE...
Pierre Cardaliaguet (Université Paris Dauphine - CEREMADE)
Toulouse: TSE, November 3, 2014, 14:00–15:00, room MF 323
We will discuss several aspects of mean field games (MFG), which are differential games with infinitely many small agents. Here we consider MFG with local coupling, meaning that the agents only interact with the other agent which are in a very close neighborhood. These MFG games turn out to be...
Alessandro Gavazza (London School of Economics)
TSE, November 3, 2014, 14:00–15:30, room MS 003
We develop a theoretical framework to study illicit drugs markets, and we estimate it using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they can determine drugs’ quality (i.e., their purity) only after consuming them. Hence, sellers can rip-off first-time...
Maryam Farboodi
IDEI, November 3, 2014, 12:30–14:00, room MF 323
I develop a model of the financial sector in which endogenous intermediation among debt financed banks generates excessive systemic risk. Financial institutions have incentives to capture intermediation spreads through strategic borrowing and lending decisions. By doing so, they tilt the division...
Rebecca B. Morton (Department of Politics at NYU)
Toulouse: TSE, October 24, 2014, 10:00–11:15, room MS001
Leo Xiong (Toulouse School of Economics)
Toulouse: TSE, October 23, 2014, 12:45–14:00, room MF 323
This paper attempts to re-estimate relative risk aversion using the observed shares of risky assets and characteristics of households from the Household Finance and Consumption Survey of European Central Bank. Acknowledging participation costs to risky asset markets, I include all types of...
