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Florian Scheuer (Zurich University)
TSE, September 27, 2024, 11:00–12:30, room Auditorium 4
Standard optimal capital tax theory abstracts from modeling asset prices, making it unsuitable for thinking about capital gains and wealth taxation. We study optimal redistributive taxation in an environment with asset price changes, adopting the modern finance view that asset prices fluctuate not...
Alessandra Menafoglio (Politecnico di Milano)
Toulouse: TSE, September 26, 2024, 11:00–12:15, room Auditorium 3
In the presence of increasingly massive and heterogeneous data, the statistical modeling of distributional observations plays a key role. Choosing the ‘right’ embedding space for these data is of paramount importance for their statistical processing, to account for their nature and inherent...
Julia Cagé (Sciences Po, Paris)
September 26, 2024, 11:00–12:30, room Auditorium 4
We document a widespread decline in the share of donors to charities in Western countries over the past decade. We show that this can be in part explained by the growing electoral importance of the far-right. We indeed uncover a lower propensity to donate among far-right voters, using several novel...
Jad Beyhum (KU Leuven)
TSE, September 24, 2024, 15:30–16:50, room Auditorium 4
This paper proposes a novel identification strategy relying on quasi-instrumental variables (quasi-IVs). A quasi-IV is a relevant but possibly invalid IV because it is not exogenous or not excluded. We show that a variety of models with discrete or continuous endogenous treatment which are usually...
Josh Jackson (University of Chicago, Booth School of Business)
Toulouse: IAST, September 24, 2024, 11:30–12:30, room Auditorium 4 (First floor - TSE Building)
Most modern humans live in large-scale societies filled with strangers. How can we navigate these societies without social life descending into conflict and chaos? Since Plato, social theorists have primarily pointed to institutions like legal codes and moralizing religions for enforcing and...
Felipe Saffie (University of Virginia)
September 24, 2024, 11:30–12:30, BDF, Paris, room Salle 1 rue du Colonel Driant & Online
We develop a simple menu-cost model with non-constant elasticity of demand that features idiosyncratic productivity and demand shocks. The model is calibrated to match firm-level productivity and demand processes estimated from U.S. data. Despite its simplicity, the calibrated model delivers...
Eduardo Faingold (INSPER)
Toulouse: TSE, September 24, 2024, 11:00–12:30, room Auditorium 3
We study n-player continuous-time repeated and stochastic games with imperfect monitoring in which the publicly observable state vector follows a jointly controlled Markov diffusion process. By extending the analysis of Sannikov (2007) to allow for more than two players and payoff-relevant state...
Zhijun Chen (Monash University)
TSE, September 23, 2024, 14:15–15:30, room Auditorium 4
This paper develops a model to analyze asymmetric competition between multi-product retail channels, highlighting a novel interaction between vertical double marginalization and horizontal multiple marginalization. The interplay between these forms of marginalization creates two distinct types of...
Mikhail Mamonov (TBS Business School)
Toulouse: TSE, September 23, 2024, 11:00–12:30, room Auditorium 5
We explore the adaptation of bank lending to environmental policy restrictions and its cross-sectional implications for the performance of borrowing firms. In April 2014, the Central Bank of Brazil introduced a socio-environmental policy (PRSA) designed to compel banks to reduce lending to highly...
Bruno Conte (University of Pompeu Fabra, Barcelona)
Toulouse: TSE, September 23, 2024, 11:00–12:15, room Auditorium 4
How will future climate change affect rural economies like sub-Saharan Africa (SSA) in terms of migration and welfare? How can policymakers enhance SSA’s capacity to adapt to this process? I answer these questions with a quantitative framework that, coupled with rich spatial data and forecasts for...
