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Toulouse, France, December 15–16, 2011
Toulouse, France, December 15, 2011
Azeem Shaikh (University of Chicago)
Toulouse: TSE, December 14, 2011, 15:30–17:00, room MF 323
This paper considers three distinct hypothesis testing problems that arise in the context of identification of some nonparametric models with endogeneity. The first hypothesis testing problem concerns testing necessary conditions for identification in some nonparametric models with endogeneity...
Ricardo Bessa (University of Porto)
Toulouse: TSE, December 13, 2011, 14:00–15:30, room MF 323
The importance of forecasting wind power has grown in parallel with the increase in penetration of wind power generation on power systems. It can be loosely said, for the short term, that the uncertainty in wind power prediction is higher than in load forecasting. This very fact has strong...
Juuso Välimäki (Aalto University)
Toulouse: TSE, December 13, 2011, 11:00–12:30, room Amphi S
We consider equilibrium timing decisions in a model with informational externalities. A number of players have private information about a common payoff parameter that determines the optimal time to invest. The players learn from each other in a continuous-time multi-stage game by observing the...
Frédéric Malherbe
December 13, 2011, BDF, Paris
Vincenzo Quadrini (University of Southern California)
Toulouse: TSE, December 12, 2011, 17:00–18:30, room Amphi S
The 2007-2009 crisis was characterized by an unprecedented degree of international synchronization as all major industrialized countries experienced large macroeconomic contractions around the date of Lehman bankruptcy. At the same time countries also experienced large and synchronized tightening...
David Sraer (University of Princeton)
TSE, December 12, 2011, 12:30–14:00, room MF 323
We provide a theory and evidence for when the Capital Asset Pricing Model fails. When investors disagree about the common factor of cashows, high beta assets are more sensitive to this aggregate disagreement than low beta ones and hence experience a greater divergence-of-opinion about their cashows...
Raouf Boucekkine
Toulouse: TSE, December 12, 2011, 11:00–12:30, room Amphi S
Bas Van Der Klaauw (University of Amsterdam - Tinbergen Institute)
Toulouse: TSE, December 8, 2011, 17:00–18:30, room Amphi MB II
Many countries regulate the supply of doctors by centrally fixing the number of places in medical schools. We estimate the return to gaining access to medical school in such a setting, by exploiting that admittance to medical school in the Netherlands is determined by a lottery. The earnings gain...
