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Suphanit Piyapromdee (University College, London)
TSE, November 12, 2024, 15:30–16:50, room Auditorium 4
This paper investigates the effects of the introduction of a nationwide minimum wage in Thailand on earnings and sorting. Using Thai matched employer-employee data, we first show that there is a great degree of mobility differential even among workers with similar wages and this relationship is...
Martin Aragoneses (INSEAD)
TSE, November 12, 2024, 14:00–15:30, room Auditorium 4
Weak US investment after the 1980s is puzzling because rising profitability and falling interest rates should have stimulated investment. I find the decline in the startup rate of new businesses is behind this missing investment puzzle. Confidential US Census micro data shows a striking divergence...
Pantelis Analytis (Danish Institute for Advanced Studies)
Toulouse: IAST, November 12, 2024, 11:30–12:30, room Auditorium 4 (First floor - TSE building)
How do the ratings of critics and amateurs compare and how should they be combined? Previous research has produced mixed results about the first question, while the second remains unanswered. We have created a new, unique dataset, with wine ratings from critics and amateurs, and simulated a...
Margaret Meyer (University of Oxford - Nuffield College)
Toulouse: TSE, November 12, 2024, 11:00–12:30, room Auditorium 3
We analyze a model of organizational learning where agents’ performance reflects time-invariant unobservable ability, privately-chosen effort, and noise. Our main result is that, even when performance is almost entirely random, maximizing the probability of identifying the best agent (“selective...
Francis Wong (LMU, Munich)
TSE, November 8, 2024, 11:00–12:15, room Auditorium 4
Using high-frequency administrative data covering millions of US homeowners, I document three novel facts about homeowner responses to property tax increases driven by rising home values. First, non-migrating homeowners cut consumption, exhibit financial distress, and do not borrow against their...
Mathias Laffont (Union of the French Electricity Industry)
Toulouse: TSE, November 7, 2024, 17:00–18:00, room Auditorium 3 JJ Laffont
After two more “traditional” roles for an economist at regulatory authorities (the French Competition Authority and the French Transport Regulator), I joined one of the major trade associations (a polite way to describe a lobby) in the electricity sector, returning to a field characterized by...
Eugen Tereanu (European Central Bank)
November 7, 2024, 14:30–16:00, BDF, Paris
We build a parsimonious, credit driven agent based model which consistently integrates the balance sheets of multiple firms, households and banks to then simulate the effects of releasable macroprudential capital buffers (e.g. CCyB). Starting from the framework in Gross (2022) which generates well-...
Jan-Henrik Steg (University of Bielefeld)
Toulouse: TSE, November 7, 2024, 11:00–12:15, room Auditorium 3
This paper studies oligopolistic irreversible investment with closed-loop strategies. These permit fully dynamic interactions that result in much richer strategic behavior than previous studies with open-loop strategies allow. The tradeoff between preemption incentives and the option value of...
Eduardo Montero (Chicago University)
November 7, 2024, 11:00–12:30, room Auditorium 4
: How do economic costs affect religious group membership, and how do religious organizations respond to exogenous changes in membership costs? We study these questions in the context of the Seventh-Day Adventist (SDA) church in Sub-Saharan Africa. The SDA church prohibits or strongly discourages...
Marine Carrasco (University of Montreal)
TSE, November 5, 2024, 15:30–16:50, room Auditorium 4
We consider the functional linear regression model with a scalar response and a Hilbert space-valued predictor, a well-known ill-posed inverse problem. We propose a new formulation of the functional partial least-squares (PLS) estimator related to the conjugate gradient method. We provide the first...
