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Julia Salmi (Hanken School of Economics)
Toulouse: TSE, September 17, 2024, 11:00–12:30, room Auditorium 3
We analyze the consequences of payoff externalities in social learning. The leading example is innovation adoption under network effects. When choosing whether to adopt a new innovation, an individual agent faces uncertainty about the quality of the innovation and about its popularity in the future...
Edward Rubin (Oregon State University)
Toulouse: TSE, September 16, 2024, 11:00–12:15, room Auditorium 4
Interactions between overlapping air quality regulations can have unintended impacts on polluting activities. We document one such potentially important interaction. Local regulators in areas constrained by one type of regulation—e.g., threshold-based local air quality standards—are incentivized to...
TSE, September 13–14, 2024, room Auditorium 3
Carlo Favero (Bocconi University)
September 12, 2024, 11:30–12:30, BDF, Paris, room 5GH and Online
This paper proposes the establishment of a European Debt Agency (EDA) as a tool for the efficient management of Eurozone public debt , to address two primary risks: roll-over and sustainability risk. The proposed EDA would price its loans using a transparent formula that would anchor the price to...
Matheus Santos ( Universidade Federal do Rio Grande do Sul)
Toulouse: TSE, September 12, 2024, 11:00–12:15, room Auditorium 4
In this paper we consider a SEIRD epidemic model for a population composed by two groups of individuals with asymmetric interaction. Given an approximate solution for the two-group model, we estimate the error of this approximation to the unknown solution to the second group based on the known...
Aaron Barkley (University of Melbourne)
TSE, September 10, 2024, 15:30–16:50, room Auditorium 4
This paper concerns how trade mechanism choice affects how decentralized markets respond to shocks and policy choices. We consider this issue in the context of housing market search. We pose a dynamic search model in which agents can trade by auction or negotiation, both featuring two-sided...
Guillaume Rocheteau (University of California, Irvine)
September 10, 2024, 14:00–15:30, BDF, Paris, room Salle 4
Galo Nuño Barrau (Banco de España)
September 10, 2024, 11:30–12:30, BDF, Paris, room 4GH and Online
We study the Ramsey optimal monetary policy within the Golosov and Lucas (2007) state-dependent pricing framework. The model provides microfoundations for a nonlinear Phillips curve: the sensitivity of inflation to activity increases after large shocks due to an endogenous rise in the frequency of...
Modibo Camara (Stanford Graduate School of Business)
Toulouse: TSE, September 10, 2024, 11:00–12:30, room Auditorium 6
It can be difficult to predict market conditions, like consumer demand and production costs. Are there regulations, for monopolistic markets, that remain effective even when market conditions are unpredictable? Drawing from the literature on online optimization, I address this question using a new...
Maya Eden (University of Zurich, Switzerland)
Toulouse: TSE, September 9, 2024, 11:00–12:15, room Auditorium 4
Should people's concern for the wellbeing of their descendants affect policy decisions? I consider a model in which people's dynastic utilities depend on the consumption of their descendants. The social welfare function is a discounted sum of past, present and future dynastic utilities. I establish...
