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Demian Pouzo (University of California, Berkeley)
Toulouse: TSE, March 21, 2011, 17:00–18:30, room Amphi S
This paper develops a general equilibrium model of sovereign debt with endogenous default. Foreign lenders fear that the probability model which dictates the evolution of the endowment of the borrower is misspecified. To compensate for the risk and uncertainty adjusted probability of default, they...
Laurent Fresard
IDEI, March 21, 2011, 12:30–14:00, room MF 323
Using a large sample of U.S. cross-listings, we show that cross-listed firms have a higher sensitivity of corporate investment to stock price than non cross-listed firms. This difference materializes after foreign firms access the U.S. markets (as it does not exist before) and is persistent. These...
Daniel Müeller (University of Bonn)
Toulouse: TSE, March 21, 2011, 11:00–12:30, room MF 323
We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. The existing literature typically ignores the possibility of downstream firms having private information. Under discriminatory pricing, downstream firms...
Toulouse, France, March 21, 2011
Abdelaati Daouia (TSE and GREMAQ)
Toulouse: TSE, March 17, 2011, 12:30–14:00, room MS 003
We consider a sample of independent businesses in a sector of production activity where a vector of inputs X is used to produce multiple outputs Y. An important question is: what are the most efficient businesses that might be useful to emulate? Using ideas from extreme value theory in conjunction...
Dominique Van De Walle (World Bank)
Toulouse: TSE, March 17, 2011, 11:00–12:30, room MF 323
Toulouse, France, March 16, 2011
Christopher Waller
March 16, 2011
Michelle Goeree (University of Southern California)
Toulouse: TSE, March 15, 2011, 15:30–17:00, room MF 323
Every year thousands of firms are engaged in research joint ventures (RJV), where all knowledge gained through R&D is shared among members. Most of the empirical literature assumes members are non-cooperative in the product market. But many RJV members are rivals leaving open the possibility...
Eustasio Del Barrio (Universidad de Valladolid)
Toulouse: TSE, March 15, 2011, 14:00–15:30, room MF 323
This talk introduces an analysis of similarity of distributions based on measuring some distance between trimmed distributions. It relies on the use of the impartial trimming methodology, already considered in robust statistics, which we adapt to the setup of model checking. By considering trimmed...
