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Eric Gautier (CREST)
Toulouse: TSE, October 12, 2012, 13:45–15:00, room MF 323
In this paper we study a binary treatment model where the outcome equation is of unrestricted form, and the selection equation contains multiple unobservables that enter through a nonparametric random coefficients specification. This specification is flexible because it allows for complex...
Nick Netzer (University of Zurich)
Toulouse: IAST, October 12, 2012, 11:00–12:30, room MS003
The economic concept of the second-best involves the idea that multiple simultaneous deviations from a hypothetical first-best optimum may be optimal once the first-best itself can no longer be achieved, since one distortion may partially compensate for another. Within an evolutionary framework, we...
Jean-Laurent Rosenthal (Caltech)
Toulouse: IAST, October 11, 2012, 15:30–16:30, room MF323
Around 1900, after centuries of disadvantage, urban life expectancy passed its rural counterparts. The process can be linked with two broad phenomena: rising incomes and improved sanitation. We focus on Paris during the key period of the health transition (1880- 1914) and assemble a longitudinal...
Leo Xiong (Toulouse School of Economics)
Toulouse: TSE, October 11, 2012, 12:45–14:00, room MF 323
Vestibular system is a college entry system used in Brazil to match students with programs. Students choose programs before taking the exams and only compete with students choosing the same program in a two stage selection mechanism. This paper builds a simple dynamic model to study students'...
Toulouse, October 11–12, 2012
Marc Henry (University of Montreal)
Toulouse: TSE, October 9, 2012, 15:30–17:00, room MS 001
We derive nonparametric bounds in the Roy model of self-selection and more general switching models. These bounds are uniformly sharp and allow to derive sharp bounds on functional features of the counterfactual outcome distributions, and compare inequality measures on the latter.
Gabriel Carroll (Massachusetts Institute of Technology)
Toulouse: TSE, October 9, 2012, 11:00–12:30, room MS 001
We present a simple approach to robust contracting in uncertain environments. First, we consider a basic principal-agent problem with risk-neutrality and limited liability. The principal knows some actions available to the agent, but other, unknown actions may also exist. The principal evaluates...
Jean Imbs (Paris School of Economics)
Toulouse: TSE, October 8, 2012, 17:00–18:30, room MS001
The dynamic evolution of sectoral production - structural change - is associated with systematic changes in the geographic dispersion of activity. In developing countries, sectoral diversification is accompanied by geographic agglomeration, and regions become heterogeneous. In advanced economies,...
Michael Riordan (University of Columbia)
TSE, October 8, 2012, 14:00–15:30, room MF 323
Using copulas to model the stochastic dependence of values, this paper establishes new general conditions for the profitability of product bundling. A multiproduct monopolist generally achieves higher profit from mixed bundling than from separate selling if consumer values for two of its products...
Christian Julliard
IDEI, October 8, 2012, 12:30–14:00, room MF 323
We study a broad class of asset pricing models in which the stochastic discount factor (SDF) can be factorized into an observable component and a potentially unobservable, model-specific, one. Exploiting this decomposition we derive new entropy bounds that restrict the admissible regions for the...