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Georg Weizsacker (University College London)
Toulouse: TSE, May 14, 2013, 11:00–12:30, room MS 001
Flipping a coin instead of making a decision is a violation of most theories of choice. Expected utility and most of its relatives obey stochastic dominance, implying that the decision-maker prefers receiving the best outcome for sure over all lotteries that involve multiple outcomes. This...
Seonghoon Cho
May 14, 2013
Giuseppe Moscarini (University of Yale)
Toulouse: TSE, May 13, 2013, 17:00–18:30, room MS 001
Using data from the Survey of Income and Program Participation (SIPP), we document that recalls of former employees are very frequent and associated with dramatically different unemployment and post-unemployment outcomes, relative to those of separated workers who change employer. Specifically,...
Xavier Vives (IESE- Business School)
TSE, May 13, 2013, 14:00–15:30, room MF 323
Corrado Di Maria (University of Birmingham)
Toulouse: TSE, May 13, 2013, 11:00–12:30, room MS 001
This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented environmental policies may lead to detrimental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...
Tong Li (University of Vanderbilt)
Toulouse: TSE, May 7, 2013, 15:30–17:00, room MS 001
This paper considers nonparametric identification of a two-stage entry and bidding model for auctions which we call the Affiliated-Signal (AS) model. This model assumes that potential bidders have private values, observe imperfect signals of their true values prior to entry, and choose whether to...
Glenn D. Rudebusch
May 7, 2013
Giorgio Primiceri (University of Northwestern)
Toulouse: TSE, May 6, 2013, 17:00–18:00, room MS 001
U.S. households’ debt skyrocketed between 2000 and 2007, and has been falling since. This leveraging (and deleveraging) cycle cannot be accounted for by the liberalization, and subsequent tightening, of credit standards in mortgage markets observed during the same period. We base this conclusion on...
Russell Luke (Université de Göttingen)
Toulouse: TSE, May 6, 2013, 15:00–16:00, room MF 323
In ill-posed inverse problems, one is often very happy when a given regularization scheme converges rapidly (in some sense) to the exact solution as some regularization parameter converges to zero. It is taken for granted that algorithms for solving the regularized problem converge rapidly to the...
Gautam Gowrisankaran (University of Arizona)
TSE, May 6, 2013, 14:00–15:30, room MS 003
In healthcare and other bilateral oligopoly markets, prices are often negotiated by the contracting parties. Many hospitals have merged in recent years in part to gain bargaining leverage with managed care organizations (MCOs), leading to several antitrust trials. We specify and estimate a...