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Rafael Repullo (CEMFI, Madrid)
Toulouse: TSE, June 18, 2012, 14:00–15:00, room AMPHI S
We present a simple model of an economy with heterogeneous banks that may be funded with uninsured deposits and equity capital. Capital serves to ameliorate a moral hazard problem in the choice of risk. There is a fixed aggregate supply of bank capital, so the cost of capital is endogenous. A...
Suzanne Scotchmer (University of California, Berkeley)
Toulouse: TSE, June 18, 2012, 11:00–12:00, room AMPHI S
The Bayh-Dole Act allows universities to commercialize their research. University laboratories therefore have two sources of funds: direct grants from the government and funds from commercialization. In addition to giving direct subsidies to university laboratories, the government also subsidizes...
Matthieu Chemin (McGill University)
Toulouse: TSE, June 14, 2012, 11:00–12:30, room MF 323
We followed fieldworkers administering a household survey over a 12-week period and examined how their reciprocal behavior towards the employer responded to a sequence of exogenous wage increases and wage cuts. To disentangle the effects of reciprocal behavior from other explicit incentives that...
Agnès Tomini
Toulouse: TSE, June 14, 2012, 11:00–12:30, room MS 003
This paper extends the previous literature on differential games of groundwater pumping in two directions. First, we take up the often claimed necessity to model the physical interactions between groundwater and rainwater, instead of analyzing these water sources as non-connected systems, and...
Olivier Ledoit (University of Zurich)
Toulouse: TSE, June 12, 2012, 14:00–15:30, room MF 323
Many applied problems require an estimate of a covariance matrix and/or its inverse. When the matrix dimension is large compared to the sample size, which happens frequently, the sample covariance matrix is known to perform poorly and may suffer from ill-conditioning. There already exists an...
Antoine Dechezlepretre (LSE)
Toulouse: TSE, June 12, 2012, 14:00–15:30, room MS003
Manufacture des Tabacs - Building S, Toulouse, June 12–13, 2012
Xavier Gabaix
TSE, June 11, 2012, 12:30–13:45, room MF 323
This paper proposes a way to model boundedly rational dynamic programming in a parsimonious and tractable way. It first illustrates the approach via a boundedly rational version of the consumption-saving life cycle problem. The consumer can pay attention to the variables such as the interest rate...
Ujjayant Chakravorty
Toulouse: TSE, June 11, 2012, 11:00–12:30, room MF 323
PAPER 1 - In recent years, many countries have adopted aggressive policies that promote biofuels as a substitute for gasoline in transportation. For instance, 40% of US grain is now used in transportation. This share is expected to rise significantly under the current Renewable Fuels Mandate. In...
Ingela Alger (TSE), Anne-Marie Tabacchi (Ecolab), and Eric Tabacchi (Ecolab)
Toulouse: IAST, June 8, 2012, 14:00–15:30, room MF323
