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Samuele Centorrino (GREMAQ - TSE - Università Commerciale 'Luigi Bocconi')
Toulouse: TSE, June 25, 2009, 12:45–14:00, room MF 323
This paper tries to fill a gap in the existing literature on parametric estimation of production functions by extending GMM methods to unbalanced panel data. Using a panel data set of Chilean manufacturing firms over a 15 years period, this paper compares the performance of the Difference and...
Alessandro Tarozzi (Duke University)
Toulouse: TSE, June 25, 2009, 11:00–12:30, room MF 323
This paper studies the identification and estimation of a basic model of technology adoption using specifically collected information on subjective beliefs and expectations to identify key model parameters. We discuss identification with both non-parametrically and parametrically specified utility...
Mikhail Klimenko (Georgia Institute of Technology)
Toulouse: TSE, June 23, 2009, 11:00–12:30, room MF 323
Why are some trade agreements concluded for a limited period of time while others have the form of evergreen contracts supplemented with an advance termination notice clause? We use a dynamic incomplete contracting model to demonstrate that the time structure of the trade agreement is related to...
Emmanuel Farhi (Harvard University)
Toulouse: TSE, June 22, 2009, 17:00–18:00, room MF 323
Manufacture des Tabacs, Toulouse, France: PRES/TSE, June 19–20, 2009
Konrad Raff (GREMAQ TSE)
Toulouse: TSE, June 18, 2009, 12:45–14:00, room MC 205
The paper studies the interaction between corporate governance standards in different firms and uncovers an information externality. Investors engage in costly monitoring to evaluate CEO performance and take informed firing decisions. When firms are exposed to a common shock an externality arises:...
Toulouse, France, June 18–19, 2009
Estelle Cantillon (ULB Bruxelles)
Toulouse: TSE, June 16, 2009, 11:00–12:30, room MF 323
This paper uses unusual data -- consisting of agents' strategically reported preferences as well as their underlying true preferences -- to study strategic behavior in the course-allocation mechanism used at Harvard Business School. We show that the mechanism is manipulable in theory, manipulated...
François Gourio (Boston University)
Toulouse: TSE, June 15, 2009, 17:00–18:30, room MF 323
In order to develop a model that fits both business cycles and asset pricing facts, this paper introduces a small, time-varying risk of economic disaster in an otherwise standard real business cycle model. This simple feature can generate large and volatile risk premia. The paper establishes two...
Aleksey Tetenov (Collegio Carlo Alberto)
Toulouse: TSE, June 15, 2009, 15:30–17:00, room MF 323
Planners of surveys and experiments that partially identify parameters of interest face trade offs between using limited resources to reduce sampling error or to reduce the extent of partial identification. Researchers who previously attempted evaluating these trade offs used the length of...