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Johan Walden
IDEI, April 26, 2010, 12:30–14:00, room MF 323
Several well-known asset pricing anomalies arise when simple endowment economies are calibrated to real data. We show that many of these anomalies are largely mitigated, and even disappear, if we endow the representative agent with an arbitrarily small minimum consumption level. We...
Michael Waterson (Unversity of Warwick)
Toulouse: TSE, April 26, 2010, 11:00–12:30, room MF 323
Modern consumers face a formidable problem when purchasing everyday products. In a large supermarket expedition, they are confronted with tens of thousands of lines. Hence they may rationally be inattentive (Chen et al., 2008) as to the pricing of individual lines. Whether consumers are rationally...
Sami Stouli (University College London)
Toulouse: TSE, April 15, 2010, 12:45–14:00, room MF 323
This paper considers semiparametric estimation of quantile regression models in the presence of endogeneity. Imposing index restrictions in the triangular model framework, an efficient semiparametric estimator for nonseparable models is introduced. Endogeneity is addressed through a control...
Toulouse, France, April 9, 2010
Jayant Kale
TSE, April 8, 2010, 16:15–17:45, room MD 301
We study the retention and allocation of managerial talent by examining the effect of equity-based compensation and promotion- based tournament incentives on voluntary turnover among non-CEO managers. We use a unique hand-collected dataset of over 3,000 managerial turnovers in which about a third...
Erik Eyster (LSE Londres)
Toulouse: TSE, April 8, 2010, 15:30–17:00, room MF 323
In social-learning environments, we investigate implications of the assumption that people naively believe that each previous person’s action reflects solely that person’s private information, leading them to systematically imitate all predecessors even in the many circumstances where rational...
Alexandre Cornière (de) (Paris School of Economics)
Toulouse: TSE, April 8, 2010, 12:45–14:00, room MF 323
This article investigates the role of a search engine as an intermediary between firms and consumers. Search engines enable firms to target consumers who have revealed some specific needs through their query. In a framework with horizontal product differentiation, imperfect product information and...
Rebecca Thornton (University of Michigan)
Toulouse: TSE, April 8, 2010, 11:00–12:30, room MF 323
I present results from two randomized controlled studies to evaluate the effectiveness of HIV testing and conditional cash transfers. In the first experiment, individuals in rural Malawi were randomly assigned monetary incentives to learn their HIV results after being tested. Distance to the HIV...
Nezih Guner (Universidad Carlos III)
Toulouse: TSE, April 6, 2010, 17:00–18:30, room MF 323
We evaluate reforms to the U.S. tax system in a life-cycle setup with heterogeneous married and single households, and with an operative extensive margin in labor supply. We restrict our model with observations on gender and skill premia, labor force participation of married females across skill...
Christian Yann Robert (CREST)
Toulouse: TSE, April 6, 2010, 14:00–15:30, room MF 323
Les processus ponctuels de dépassement sont utilisés pour décrire le comportement extrêmal des séries temporelles stationnaires. On peut en déduire en particulier la loi limite du maximum de la série. En présence de dépendance, les extrêmes ont tendance à se regrouper et former des grappes. On...
