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Esteban Rossi-Hansberg (University of Princeton)
Toulouse: TSE, March 17, 2014, 17:00–18:30, room MS 001
We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes at the level of a sector in a given U.S. state to the...
Benjamin E. Hermalin (University of California, Berkeley)
TSE, March 17, 2014, 14:00–15:30, room MF 323
Leaders are often able to reach at least some followers at an emotional level. But many followers could be rational and recognize a leader’s emotional appeals are likely hiding vital information. Despite such rational pessimism, this paper shows that wholly rational followers will nevertheless work...
Stijn Van Nieuwerburgh
TSE, March 17, 2014, 12:30–14:00, room MF 323
Grischa Perino
Toulouse: TSE, March 17, 2014, 11:00–12:30, room MS 001
Governments and environmental NGOs campaign for carbon footprint reductions by households. Many of the behavioral changes recommended reduce demand for goods produced by sectors covered by cap-and-trade schemes. With a binding cap, greenhouse gas emissions from those sectors do not change. I show...
Alain Trannoy (GREQAM-IDEP)
Toulouse: TSE, March 14, 2014, 10:00–11:15, room MS001
We investigate how potential tax-driven migrations modify the Mirrlees income tax schedule when two countries play Nash. The social objective is the maximin and preferences are quasilinear in income. Individuals differ both in skills and migration costs, which are continuously distributed. We...
Tobias Broer
March 14, 2014
Allan Collard-Wexler (University of New York)
TSE, March 10, 2014, 14:00–15:30, room MF 323
We develop a hybrid Leontief/Cobb-Douglas production function model that characterizes how input shortages affect firms. As a case study, we analyze how “power holidays” affect daily production at large Indian textile plants, using data from Bloom et al. (2013). We then study the short-run effects...
Vikrant Vig
March 5, 2014, BDF, Paris
Olivier Scaillet
March 4, 2014
Nicolas Debarsy (Université d'Orléans - LEO)
Toulouse: TSE, February 25, 2014, 14:00–15:15, room MF 323
This paper considers the large sample properties of the matrix exponential spatial specification (MESS) and compares its properties with those of the spatial autoregressive (SAR) model. We find that the quasimaximum likelihood estimator (QMLE) for the MESS is consistent under heteroskedasticity, a...