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Jeffrey Ely (University of Northwestern)
Toulouse: TSE, September 16, 2014, 11:00–12:30, room MS 001
I introduce and study dynamic persuasion mechanisms. A principal privately observes the evolution of a stochastic process and sends messages over time to an agent. The agent takes actions in each period based on her beliefs about the state of the process and the principal wishes to influence the...
Sebastian Di Tella (University of Stanford - GSB)
TSE, September 15, 2014, 17:00–18:30, room MS 001
Excessive concentration of aggregate risk can lead to financial fragility and may create the need for financial regulation. This paper studies the optimal financial regulation policy in a standard model where financial frictions are derived from a moral hazard problem, with a focus on the...
David Le Bris
TSE, September 15, 2014, 12:30–14:00, room MF 323
Legal origin theory emphasizes the negative consequences of civil law on financial and, subsequently, economic development. Before the Revolution, French territory was strictly divided according to the legal regime. Since the Middle-Ages, the southern part of France was under the Roman civil law...
Torun Dewan (Department of Government, London School of Economics), and Francesco Squintani (University of Warwick)
Toulouse: TSE, September 12, 2014, 10:00–11:00, room MF323
Toulouse, France, September 11–12, 2014
Bruno Biais and Sophie Moinas, TSE researchers, organize a workshop on "Trading in electronic market". The workshop is sponsored by the ERC and the FBF, and it will take place from September 11 to September 12. Its objective is to bring together several researchers, who will present their recent...
Oscar Arce
September 9, 2014
Dmitriy Sergeyev (University of Bocconi)
TSE, September 8, 2014, 17:00–18:30, room MS 001
The labor market recovery since the end of the Great Recession has been characterized by a marked decline in labor market turnover. In this paper, we provide evidence that the housing crisis and financial nature of the Great Recession account for this decline in job flows. We exploit MSA-level...
Wei Xiong
TSE, September 8, 2014, 12:30–14:00, room MF 323
This study uses China’s Great Famine in 1959-1961 as a laboratory to study information distortion in hierarchical organizations. Shortly after Mao initiated the Great Leap Forward in 1958, which was aimed at rapidly industrializing the country, China experienced a severe famine across the country...
Julien Daubanes (ETH, Zurich)
Toulouse: TSE, September 8, 2014, 11:00–12:30, room MF 323
Demand for oil is very price inelastic. Facing such demand, an extractive cartel induces the highest price that does not destroy its demand, unlike the conventional Hotelling analysis: the cartel tolerates ordinary substitutes but deters high-potential substitution possibilities. Limit-pricing...
Toulouse, France, September 4–5, 2014
