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Mathieu Faure (Université Aix-Marseille)
Toulouse: TSE, December 14, 2023, 11:00–12:15, room Auditorium 3 - JJ Laffont
We argue that looking at steady states in dynamical models often lacks relevance for economists when convergence time is excessively long, especially since steady-state outcomes and pre-convergence behavior can radically differ. In such cases, understanding the behavior preceding convergence...
December 14, 2023, room Auditorium A4
December 14, 2023, room Auditorium 3 Jean-Jacques Laffont
Pierre-André Chiappori (Columbia University)
Toulouse: TSE, December 13, 2023, 11:00–12:30, room Auditorium 4
(with Carlo Fiorio, Alfred Galichon and Stefano Verzillo)
John Singleton (University of Rochester)
TSE, December 12, 2023, 15:30–16:50, room Auditorium 4
In this paper, we use a unique two-stage experiment that randomized access to school vouchers across both markets and students in rural India to estimate the revealed preference value of school choice. In the first step of the research design, we develop an empirical model of school choice subject...
Alan Olivi (University College, London)
TSE, December 12, 2023, 14:00–15:30, room Auditorium 4
How should monetary policy react to aggregate and sectoral disruptions in a world in which consumption baskets and hence inflation rates vary across households? We present a multi-sector New Keynesian with generalized, non-homothetic preferences and realistic heterogeneity in wealth, income, and...
Paula Onuchic (Oxford University)
Toulouse: TSE, December 12, 2023, 11:00–12:30, room Auditorium 3 - JJ Laffont
We consider a team-production environment where all participants are motivated by career concerns, and where a team's joint productive outcome may have different reputational implications for different team members. In this context, we characterize equilibrium disclosure of team-outcomes when team-...
Paris et online, December 12, 2023
Heski Bar-Isaac (University of Toronto)
TSE, December 11, 2023, 14:15–15:30, room Auditorium 4
It is often argued that startups are acquired for the sole purpose of hiring specialized talent. We show that the goal of such acquihires might be to shut down the most relevant labor market competitor. This grants the acquirer monopsony power over specialized talent. As a consequence, acquihiring...
Olivier Darmouni
Toulouse: TSE, December 11, 2023, 11:00–12:30, Auditorium 3, room Auditorium 3
We develop a two-layer asset demand framework to analyze fragility in the corporate bond market. Households allocate wealth to institutions, which allocate funds to specific assets. The framework generates tractable joint dynamics of flows and asset values, featuring amplification and contagion, by...
