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Charles N. Noussair
TSE, March 1, 2010, 12:30–14:00, room MF 323
We create an experimental asset market in which we conduct share repurchases and share issues. Although the intrinsic value of the shares is independent of the quantity outstanding, the interventions result in changes in asset price. We find that: (1) A repurchase of shares increases the price of...
Caspar Siegert (Munich Graduate School of Economics)
Toulouse: TSE, February 18, 2010, 12:45–14:00, room MF 323
Repeatedly, bonuses and variable compensation of managers have been criticized as encouraging non-compliance and thereby ultimately harming a firm’s interest. Yet, this reasoning does not explain why companies found it optimal to offer a given contract in the first place. In particular, incentives...
Lisette Ibáñez (Universidad de los Andes)
Toulouse: TSE, February 18, 2010, 11:00–12:30, room MF 323
Massive migrations due to civil war have raised the number of unskilled workers in cities in developing countries. Not only does civil war negatively affect forced migrants, but it also appear to contribute to deteriorating labor market conditions for all low skilled workers in destination cities....
Emre Aytimur
Toulouse: TSE, February 11, 2010, 12:45–14:00, room MF 323
We study rent-seeking behaviour of political parties in a proportional representation system, assuming that the final policy choice of the parliament is a weighted average of parties' policy positions, weights being their vote shares. We find that the parties' policy preferences and their rent...
Philipp Kircher (University of Oxford and University of Pennsylvania)
Toulouse: TSE, February 5, 2010, 14:00–15:30, room Amphi Guy Isaac
We investigate the role of search frictions in markets with price competition and how it leads to sorting of heterogeneous agents. There are two aspects of value creation: the match-value when two agents actually trade, and the probability of trading governed by the search technology. We show that...
Toulouse: Toulouse School of Economics, February 5–6, 2010
Andrea Matranga (University of Pompeu Fabra)
Toulouse: TSE, February 4, 2010, 12:45–14:00, room MF 323
Modern archeological findings strongly suggest that populations transitioning from hunting and gathering to agriculture almost invariably incurred a decrease in living standards. This has led many researchers to believe that the first farmers may have been lured by the prospect of more food, only to...
Marc F. Bellemare (Duke University)
Toulouse: TSE, February 4, 2010, 11:00–12:30, room MF 323
There is an important literature on the causal relationship between the quality of institutions and macroeconomic performance. This paper studies this link at the micro level by looking at the productivity impacts of land rights in Madagascar. Whereas previous studies used proxies for soil quality...
Stéphane Turrolla (INRA UMR SMART Rennes)
Toulouse: TSE, January 31, 2010, 11:00–12:30, room MF 323
Toulouse, France, January 28–29, 2010
