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Patrick Fève (TSE, University of Toulouse Capitole.)
TSE, November 16, 2023, 16:00–16:45, Auditorium 3, room Auditorium 3
Most macroeconomic models, view economic outcomes as being generated by a combination of endogenous and exogenous dynamic forces. In particular, the exogenous forces are generally modeled as a set of independent dynamics processes. In this paper we begin by showing that this dual dynamic structure...
Nicolas Treich (TSE, University of Toulouse Capitole.)
TSE, November 16, 2023, 14:45–15:30, Auditorium 3, room Auditorium 3
We provide a non-anthropocentric economic rationale for implementing a meat consumption levy because of animal welfare considerations. This levy operates similarly to a Pigouvian fee by accounting for externalities on animals produced for meat. Under total utilitarianism, the levy per animal is...
Olivier De Groote (TSE, University of Toulouse Capitole.)
TSE, November 16, 2023, 14:00–14:45, Auditorium 3, room Auditorium 3
We use data from an online platform that centralizes a daycare (0-3-year-olds) matching process. We estimate the preferences of parents and the priorities of nurseries using data from parents’ rank-ordered lists and the acceptance decisions of nurseries. To allow parents to be strategic, we provide...
Damjan Pfajfar (Federal Reserve Bank of New York)
November 16, 2023, 11:30–12:30, BDF, Paris, room F148 & Online
We study the effects of forward-looking communication in an environment of rising inflation rates on German consumers’ inflation expectations using a randomized control trial. We show that information about rising inflation increases short- and long-term inflation expectations. This initial...
Anna Sanktjohanser (TSE, University of Toulouse Capitole.)
TSE, November 16, 2023, 11:15–12:00, Auditorium 3, room Auditorium 3
We consider a continuous-time game between a buyer and a seller. The buyer privately knows how often he needs to trade. When he does, he can choose to either engage with the seller, who chooses what utility to supply, or search for an alternative. Because time is informative, the seller learns and...
Milo Bianchi (TSE, University of Toulouse Capitole.)
TSE, November 16, 2023, 10:00–10:45, Auditorium 3, room Auditorium 3
While pro-social attitudes have been shown to affect investment decisions, much less is known on what shapes pro-social attitudes across investors and over time. We investigate how life-time experiences affect investors’ demand for ESG stocks. We exploit account-level data from the Shanghai Stock...
Pierre Régibeau (European Commission, DG Competition)
Toulouse: TSE, November 10, 2023, 15:30–17:30, room Auditorium A4
Larissa Schaefer (Frankfurt School of Finance and Management)
Toulouse: TSE, November 10, 2023, 14:00–15:15, room Auditorium 4
Do negative housing shocks lead to persistent changes in household attitudes toward housing and homeownership? We use the residential destruction of Germany during World War II (WWII) as a quasi-experiment and exploit the reasonably exogenous region-by-cohort variation in destruction exposure. We...
Cécile Sarabian
Toulouse: IAST, November 10, 2023, 12:45–13:45, room Auditorium 4 (First Floor - TSE Building)
Wildlife trade is a multibillion-dollar industry. It can be legal or illegal and is in part fueled by the demand for exotic pets. Japan has a long history of importing wildlife products and is an important consumer of exotic pets. Our previous study recorded 137 active Exotic Animal Cafés (EACs;...
Johannes Beutel (Bundesbank)
November 10, 2023, 11:30–12:30, BDF, Paris, room 4GH & Online
We causally test alternative theories of expectation formation and asset pricing. Using a randomized information experiment we show overreaction is a key feature of individuals’ belief formation. Individuals excessively extrapolate past returns and earnings growth into future returns. The average...
