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TSE, May 30–31, 2024, room Auditorium A3 Jean-Jacques Laffont
Robin Lee (Harvard University)
TSE, May 28, 2024, 15:30–16:50, room Auditorium 4
We investigate how formularies used by pharmacy benefit managers (PBMs) to steer consumer demand can constrain spending by affecting manufacturer rebates for branded drugs. We present a theoretical model of multidimensional contracting in which a PBM offers multiple drug manufacturers a menu of...
Edouard Challe (European University Institute)
TSE, May 28, 2024, 14:00–15:30, room Auditorium 4
We study optimal monetary policy in a tractable Small Open Economy Heterogeneous-Agent New Keynesian (SOE-HANK) model in which households face uninsured idiosyncratic risk and unequal bond market access. We derive conditions under which optimal policy in our SOEHANK economy entails domestic...
Robert Metcalfe (University of Southern California)
Toulouse: TSE, May 27, 2024, 11:00–12:15, room Auditorium 4
What are the most effective ways to address climate change? This paper extends and applies the marginal value of public funds (MVPF) framework to help answer this question. We examine around 100 US environmental policy changes studied over the past 25 years. These policies span subsidies (wind,...
May 27–29, 2024, room Auditorium 3 - Jean-Jacques Laffont
Pat Akey (University of Toronto - Rotman School of Management)
Toulouse: TSE, May 24, 2024, 14:00–15:15, room Auditorium 4
The Fama-French factors are ubiquitous in empirical finance. We find that factor returns differ substantially depending on when the data were downloaded, and only a small portion of these retroactive changes is explained by revisions to the underlying data. We show that these changes have large...
Laurent Miclo (Toulouse School of Economics)
Toulouse: TSE, May 23, 2024, 11:00–12:15, room Auditorium 5
We introduce and analyse the almost sure convergence of a stochastic algorithm for the global minimisation of smooth functions. This diffusion process is called fraudulent because it requires the knowledge of minimal value of the function. Nevertheless, its investigation is not without interest,...
Lucia Corno (Cattolica University)
May 23, 2024, 11:00–12:30, room Auditorium 4
Female Genital Cutting (FGC) is an extremely harmful tradition that persists in many regions worldwide, imposing severe adverse effects on women’s health and human capital accumulation. This paper evaluates the effectiveness of two interventions designed to reduce the incidence of FGC among...
TSE, May 23–24, 2024, room Auditorium 3
Banque de France, Paris, May 22–23, 2024
