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David Myatt (Oxford University)
Toulouse: TSE, November 10, 2009, 11:00–12:30, room MF 323
In the context of macroeconomic coordination, studies of the social value of information distinguish sharply between private and public information. However, no information is truly public (that is, common knowledge) or truly private in the established sense. Building upon a Lucas-Phelps island-...
Anton Korinek (University of Maryland)
Toulouse: TSE, November 9, 2009, 17:00–18:30, room MF 323
This paper develops a simple model of systemic risk in the form of financial accelerator effects whereby adverse developments in financial markets and in the real economy mutually reinforce each other and lead to a feedback cycle of falling asset prices, deteriorating balance sheets and tightening...
Maik Schwarz (Université Catholique de Louvain)
Toulouse: TSE, November 9, 2009, 15:30–16:30, room MF 323
Marita Laukkanen
Toulouse: TSE, November 9, 2009, 11:00–12:30, room MF 323
Many prominent environmental problems are plagued by uncertainty in the underlying biological and physical processes. Noise in the environmental process makes the link between current actions and future environmental conditions indi- rect. Where international policy coordination is called for,...
Bill Dupor
November 9, 2009
Lorenz Goette (University of Lausanne)
Toulouse: TSE, November 5, 2009, 15:30–17:00, room MF 323
Accurate assessments of one's abilities are important in many domains. These assessments form the basis for the choice of education, of career, of whether or not to start a business, or of the wage asked in negotiations. Evidence from psychology and economics indicates that many individuals...
Alexander White (Toulouse School of Economics (GREMAQ) and Télécom ParisTech)
Toulouse: TSE, November 5, 2009, 12:45–14:00, room MF 323
Two types of online advertising, search and display, use strikingly different techniques to target and attract consumers. Despite these differences, both compete for a single scarce resource: user attention. We analyze the competition between search engines (SEs) and content-based websites (CBWs...
Karen Macours (Johns Hopkins University)
Toulouse: TSE, November 5, 2009, 11:00–12:30, room MF 323
In many developing countries, cash transfer programs are an important component of the social safety net. A large number of studies have assessed the impact of such programs on consumption poverty, health status, nutrition, and education. Much less is known about the extent, if any, to which cash...
Frédérique Bec (CREST - THEMA)
Toulouse: TSE, November 3, 2009, 17:00–18:30, room MF 323
This paper explores empirically the link between French equities returns Value-at-Risk (VaR) and the state of financial markets cycle. The econometric analysis is based on a simple vector autoregression setup. Using quarterly data from 1970Q4 to 2008Q3, it turns out that the k-year VaR of French...
Klenio Barbosa (Toulouse School of Economics-LERNA)
Toulouse: TSE, October 22, 2009, 12:45–14:00, room MF 323
Despite low-powered contracts do not provide proper incentives to reduce cost, empirical studies show that they are quite pervasive in public and private procurement. This paper demonstrates that low-powered contracts arise in equilibrium due to a free-riding problem in procurement design when the...
