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Alex Edmans
IDEI, December 14, 2009, 12:30–14:00, room MF 323
Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...
Serge Garcia (INRA-LEF)
Toulouse: TSE, December 14, 2009, 11:00–12:30, room MF 323
The aim of our article is to understand consumer preferences for wood and competitive materials. Assuming that a wood product is composed of various attributes, we consider that consumers’ choices are not guided by observed characteristics but, instead, by the quality perception consumers have of...
Roland Bénabou (Princeton University)
Toulouse, France, December 14–16, 2009
Toulouse, France, December 14–15, 2009
Tomislav Vukina (North Carolina State University)
Toulouse: TSE, December 10, 2009, 11:00–12:30, room MF 429
The objective of this paper is to determine whether the choice of payment schemes (hourly versus piece rates) can be systematically explained by the risk aversion of the workers that select them. Most of the previous empirical literature tested the inverse relationship between risk and incentives...
Isabel Ruhmer (Mannheim University)
Toulouse: TSE, December 9, 2009, 11:00–12:15, room MC 205
One focus of the two-sided markets literature has been on testing the robustness of standard competition policy results. Price collusion between platforms, however, has not yet been studied. Starting from cartel cases involving two-sided markets, this paper takes a first step in analyzing collusion...
Roger Myerson (Nobel Prize 2007)
Toulouse, France, December 9, 2009
Geert Ridder (University of Southern California)
Toulouse: TSE, December 8, 2009, 17:00–18:30, room MF 323
We consider statistical inference on a single component of a parameter vector that satisfies a finite number of moment inequalities. The null hypothesis for this single component is given a dual characterization as a composite hypothesis regarding point identified parameters. We also are careful in...
Peter Robinson (LSE)
Toulouse: TSE, December 8, 2009, 15:30–16:30, room MF 323
Nonparametric regression with spatial, or spatio-temporal, data is considered. The conditional mean of a dependent variable, given explanatory ones, is a nonparametric function, while the conditional covariance reflects spatial correlation. Conditional heteroscedasticity is also allowed, as well as...
Moritz Meyer-Ter-Vehn (University of California)
Toulouse: TSE, December 8, 2009, 11:00–12:30, room MF 323
We propose a new model of firm reputation that interprets reputation directly as the market belief about product quality. Quality is persistent and is determined endogenously by the firm's past investments. We analyse how investment incentives depend on the firm's reputation and derive implications...
