Jump to navigation
Victoria Ivashina (Harvard Business School)
October 8, 2024, 11:30–12:30, BDF, Paris, room 3GH and online
Revolving credit is at the core of the banking business. Corporate revolving credit lines are demandable claims; thus, similar to a traditional bank run on deposits, sudden widespread drawdowns on credit lines can be destabilizing to the banking sector. However, we show that, unlike deposits,...
Roberto Corrao (Massachusetts Institute of Technology)
Toulouse: TSE, October 8, 2024, 11:00–12:30, room Auditorium 3
We study the bounds of mediated communication in sender-receiver games in which the sender's payoff is state-independent. We show that the feasible distributions of beliefs under mediation are those that induce zero correlation, but not necessarily independence, between the sender's payoff and the...
Michael Whinston (Massachusetts Institute of Technology)
Toulouse: TSE, October 8, 2024, 09:30–11:00, room Auditorium 3
(joint with A. Pakes and F. Zheng)
Alessandro Iaria (Bristol University)
TSE, October 7, 2024, 14:15–15:30, room Auditorium 4
This paper addresses the endogeneity of firms' entry and exit decisions in estimating demand for differentiated products. Under standard conditions, the selection propensity score is insufficient to control selection bias, leading to the inconsistency of conventional methods of handling selection....
Martin Lettau (Haas School of Business - University of California - Berkeley)
Toulouse: TSE, October 7, 2024, 11:00–12:30, room Auditorium 5
This paperproposeslatentfactor modelsformultidimensionalpanelscalled 3D-PCA. Factorweights are constructed from a small set of dimension-specific building blocks, which give rise to proportionality restrictions of factor weights. While the set of feasible factors is restricted, factors with long/...
Olivier Deschenes (University of California, Santa Barbara)
Toulouse: TSE, October 7, 2024, 11:00–12:15, room Auditorium 4
This paper studies the distribution of air quality benefits from the EPA's NOx Budget Program, a seasonal cap-and-trade market for NOx emissions. We apply a new empirical method to electricity generating unit-level data to estimate heterogeneous treatment effects and use an air pollution transport...
Ioannis Lianos (University College London)
Toulouse: TSE, October 4, 2024, 15:30–17:30, room Auditorium A4
This article undertakes a legal conceptualization of digital ecosystems, analyzing their formation, functioning, and regulatory implications in context. Our approach is informed by a comparative analysis of digital ecosystems across sectors and geographies. We reject the dominant narrative in...
Patrick Rey
TSE, October 3, 2024, 16:00–16:45, room Auditorium 3room Auditorium 3
We study the development of apps on competing platforms. We show that competition leads to commissions exceeding those maximizing consumer surplus (and, a fortiori, social welfare) whenever raising one commission reduces rivals' app bases. We relate this nding to economies of scope in app...
Maximilian Müller
TSE, October 3, 2024, 14:45–15:30, room Auditorium 3room Auditorium 3
Sara Shahanaghi
TSE, October 3, 2024, 14:00–14:45, room Auditorium 3room Auditorium 3
An agent learns dynamically about the profitability of a project and decides when to make an irreversible investment. The agent seeks to maximize his reputation for learning. Equilibrium strategies are dictated by the prior belief that the project is profitable: a high-ability agent plays a cutoff...
