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Frédéric Cherbonnier (Toulouse School of Economics)
Toulouse: TSE, June 1, 2012, 13:45–15:00, room MF 323
We examine the provision of insurance against non observable liquidity shocks for a time-inconsistent (hyperbolic) agent. This issue can be phrased as an optimal control problem, with mixed constraints and monotonicity condition on the control, and can be solved either when lack of self control is...
Howard Rosenthal (NYU)
Toulouse: IAST, May 31, 2012, 15:30–17:00, room MF323
Christian Michel (University of Mannheim)
Toulouse: TSE, May 31, 2012, 12:45–14:00, room MF 323
This paper proposes a new form of estimating industry conduct. As an identification strategy, I use the structural ownership changes that occur due to a merger. Using both pre-merger and post-merger industry data, I look for the form of conduct that best predicts the market outcome both before and...
Sebastian Galliani (University of Washington - Saint Louis)
Toulouse: TSE, May 31, 2012, 11:00–12:30, room MF 323
We use data from the Moving to Opportunity (MTO) experiment to estimate a model of neighborhood choice. The experimentally generated data is used for both estimation and out of sample validation. The experimental variation, which effectively randomizes the rents that households face, allows us to...
Jean-Charles Rochet
IDEI, May 31, 2012, 11:00–12:30, room MC202
Elise Janvresse (Université de Rouen)
Toulouse: TSE, May 29, 2012, 14:00–15:30, room MF 323
Stepphen Morris (University of Princeton)
Toulouse: TSE, May 29, 2012, 11:00–12:30, room Amphi S
We define a notion of correlated equilibrium for games with incomplete information in a general setting with finite players, finite actions, and finite states, which we call Bayes correlated equilibrium. The set of Bayes correlated equilibria of a fixed incomplete information game equals the set of...
Claudia Nunes (IST - Lisbon)
Toulouse: TSE, May 25, 2012, 13:45–15:00, room MF 323
Our paper contributes to the literature of technology adoption. In most of these models it is assumed that after the arrival of a new technology the probability of the next arrival is constant. We extend this approach by assuming that after the last technology jump the probability of a new arrival...
Victoria Vanasco (University California Berkeley et PSE)
Toulouse: TSE, May 24, 2012, 12:45–14:00, room MF 323
This paper presents a model of financial intermediation that emphasizes the dynamic nature of information acquisition conducted by intermediaries. I think of intermediaries as institutions that are able to learn and transfer relevant information about various economic sectors dynamically. In this...
Eliana La Ferrara (University of Bocconi)
Toulouse: TSE, May 24, 2012, 11:00–12:30, room MF 323
This paper explores the effects of different descent rules on human capital accumulation. In a context where parents are constrained in the possibility of passing land on to their children (e.g., because it is considered property of the extended family, or clan), investment in their children's...
