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Jean-Pierre Ponssard

Toulouse: TSE, November 30, 2010, 11:00–12:30, room MF323

This paper investigates the optimal mix between home capacity and imports to face an uncertain demand. It is proved that, if the difference between the home variable cost and the import price is large, the optimal home capacity increases as uncertainty increases, while it decreases if it is small....

Seminar

Tristan Tomala (HEC Paris)

Toulouse: TSE, November 30, 2010, 11:00–12:30, room MF 323

This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive compatible social choice function is partially...

Seminar

Michèle Tertilt (Stanford University)

Toulouse: TSE, November 29, 2010, 17:00–18:30, room MF 323

An equilibrium search model of the Malawian HIV/AIDS epidemic is presented. Individuals engage in different types of sexual activity, which vary in their riskiness. When choosing a sexual activity, such as short-term sex without a condom, a person rationally considers its risk. A simulated version...

Seminar

Frédéric Cherbonnier (Toulouse School of Economics)

Toulouse: TSE, November 29, 2010, 12:30–14:00, room MF 323

We examine the provision of insurance against non observable liquidity shocks for a time-inconsistent agent who can privately store resources. When lack of self control is strong enough, hidden storage does not constrain the allocation of resources. The optimal contract is strictly concave and...

Seminar

Stéphane Turolla (INRA, Rennes)

Toulouse: TSE, November 29, 2010, 11:00–12:30, room MF 323

Seminar

Carlos Canon (TSE-GREMAQ)

Toulouse: TSE, November 25, 2010, 12:45–14:00, room MF 323

A platform offers an environment where heterogenous buyers and sellers have one opportunity to meet a partner and form a match; no match is feasible outside the environment. We evaluate and compare the profit maximizing and the surplus maximizing platforms. There are two important features:...

Seminar

Fabien Gensbittel (Universités Paris 1 et Paris 6)

Toulouse: TSE, November 25, 2010, 12:30–14:00, room MB 405

We study the asymptotic behavior of a general class of zero-sum repeated games with incomplete information on one side. A typical example is a financial exchange game where an informed agent is facing a sequence of uninformed risk-neutral agents. The principal assumption we need is that the...

Seminar

Pascal Lavergne (TSE and GREMAQ)

Toulouse: TSE, November 23, 2010, 15:30–17:00, room MF 323

Empirical researchers commonly want to assess the validity of restrictions on parameters, appearing as an economic hypothesis, a consequence of economic theory, or an econometric modeling assumption. I propose a new theoretical framework to assess the approximate validity of multivariate...

Seminar

Balazs Szentes (LSE Londres)

Toulouse: TSE, November 23, 2010, 11:00–12:30, room MF 323

This paper considers a dynamic economy where agents repeatedly matched with one another and can decide whether to form a profitable partnership. Each agent has a physical and a social color. The social color of an agent is a signal about the physical color of agents in his partenrship history....

Seminar

Elias Albagli (University of Southern California)

Toulouse: TSE, November 22, 2010, 17:00–18:30, room MF 323

This paper argues that the capacity of financial markets to aggregate information is diminished in times of distress, resulting in countercyclical economic uncertainty. I build upon a rational expectations equilibrium model that delivers this result from the combination of (i) countercyclical...

Seminar