Jump to navigation
Peter Kondor
IDEI, November 12, 2012, 12:30–14:00, room MF 323
This paper studies the informational efficiency of over-the-counter markets. We consider an over-the-counter market where dealers trade an asset with a stochastic payoff. Trade is bilateral, and each dealer can simultaneously participate in multiple transactions. The value of the asset is...
Martin O'Connell (University College London)
TSE, November 12, 2012, 12:30–13:30, room MS 003
There is policy interest in banning advertising of junk foods to try to lower consumers' consumption of these products. The impact of such a policy will depend on how brand advertising influences consumer demand. It will also depend on the pricing response of oligopolistic firms. Using transaction...
Christopher Costello
Toulouse: TSE, November 12, 2012, 11:00–12:30, room MS 003
Property rights are commonly touted as a solution to common pool resource problems. In practice, however, the security of property rights over natural resources varies sub- stantially, which may affect returns to ownership as well as asset values. We examine theoretically the capitalized asset...
Christoph Breunig (University of Mannheim)
TSE, November 9, 2012, 12:30–13:30, room MF 323
In econometrics, there are many environments which require nonseparable modeling of a structural disturbance. In this setting, the case of possibly endogenous regressors has been studied recently. Regarding this literature, key assumptions to obtain identi fication and estimation results are: Valid...
Aviad Heifetz (The Open University of Israel)
Toulouse: IAST, November 9, 2012, 11:00–12:00, room MF323
In Economics individuals are modeled by their immutable preferences over stochastic streams of (physical and abstract) commodity bundles, consumed/experienced by themselves and others. Moreover, the stochastic process by which past and current choices affect future constraints and period-by-period...
Anton van Boxtel (University of Tilburg)
Toulouse: TSE, November 8, 2012, 12:45–14:00, room MF 323
This paper studies the effect of non-exclusive competition on liquidity provision in a generic financial intermediation setting. We introduce non-exclusive contracting to the baseline model in Holmstrom and Tirole (1998). In this baseline setting, a firm needs to obtain a share of its...
Alexander Monge-Naranjo (Federal Reserve Bank of St. Louis)
Toulouse: TSE, November 8, 2012, 11:00–12:30, room MF 323
Knowledge spillovers are a typical rationale for countries to allow and even subsidize multinational firms. I examine the optimality of such policies in a growth model in which productive skills are formed on the basis of the exposure to ideas in a country. Because of knowledge dissemination,...
Thomas Gresik (University of Notre Dame)
Toulouse: TSE, November 6, 2012, 11:00–12:30, room MS 001
The optimal managerial compensation contract is characterized in an environment in which the manager influences the distribution of earnings through an unobservable effort decision. Actual earnings, when realized, are private information observed only by the manager, who may engage in the costly...
Luca Gelsomini
November 6, 2012
Heski Bar-Isaac (University of Toronto)
TSE, November 5, 2012, 14:00–15:30, room MF 323
Classic models of reputation consider an agent taking costly actions to affect a single, homogeneous audience’s beliefs about his ability, preferences or other characteristic. However, in many economic settings, agents must maintain a reputation with multiple parties with diverse interests. In this...
