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Paris, March 22, 2023
Michael Dinerstein (Chicago University)
TSE, March 21, 2023, 15:30–16:50, room Auditorium 4
In markets with private options, the optimal level of public provision may require balancing a tradeoff between reducing private options’ market power with the possibility of crowding out potentially high-quality products. We study the equilibrium effects of public education provision in the...
Oksana Leukhina (Federal Reserve Bank of Saint Louis)
TSE, March 21, 2023, 14:00–15:30, room Auditorium 4
The purpose of this paper is to understand the observed sorting of different students into colleges of varying quality and to quantify the tradeoff between efficiency and inequality associated with resorting of students. Our approach is to develop a model of college quality choice that features:...
Alexandre Kohlhas (Oxford)
March 21, 2023, 11:30–12:30, BDF, Paris, room 5 Espace Conference & Online
We document systematic differences in macroeconomic expectations across U.S. households and rationalize our findings with a theory of information choice. We embed this theory into an incomplete-markets model with aggregate risk. Our model is quantitatively consistent with the pattern of expectation...
Kristen Hawkes (The University of Utah)
Toulouse: IAST, March 21, 2023, 11:30–12:30, room Auditorium 4 (First floor - TSE building)
Compared to our closest living evolutionary cousins, the great apes, human longevity is greater, maturation slower and yet our birth intervals are shorter. Although the hunting/paternal provisioning hypothesis is widely assumed to explain the evolution of our genus, evidence against it plus...
Wolfram Schlenker (Columbia University)
Toulouse: TSE, March 20, 2023, 11:00–12:15, room Auditorium 4
We examine the effect of a country’s economic and legal institutions on agricultural yields. We first estimate annual discontinuities in crop yields around all global land borders that have cropland within a 100km band on both sides of the border using finescale satellite readings resulting in...
Tomohiro Hirano
Toulouse: TSE, March 17, 2023, 14:00–15:30, room Auditorium 4
We present plausible economic models in which an equilibrium with rational asset price bubbles exists but equilibria with asset prices equal to fundamental values do not. These economies feature multiple sectors with faster economic growth than dividend growth. In our two-sector endogenous growth...
Daniel L. Chen (Institute for Advanced Study in Toulouse)
Toulouse: IAST, March 17, 2023, 12:45–13:45, room Auditorium 4 (First floor TSE Building)
Social networks are a key factor of success in life, but they are also strongly segmented on gender, ethnicity, and other demographic characteristics (Jackson 2010). We present novel evidence on an understudied source of homophily: behavioral traits. Behavioral traits are important determinants of...
Maulik Jagnani (University of Colorado)
March 16, 2023, 11:00–12:30, room Auditorium 4
Do people worried about their personal finances experience lower quality sleep? Using a regression discontinuity research design, we find that eligible household heads surveyed just after the disbursement of an unconditional cash transfer in Indonesia report a 0.3 standard deviation improvement in...
Miquel Oliu-Barton (University Paris Dauphine)
Toulouse: TSE, March 16, 2023, 11:00–12:15, room Auditorium 3
Introduced by the Nobel-prize winner Lloyd Shapley in the 1950s, stochastic games are the first model of dynamic game to be ever defined. On the one hand, they extend Von Neumann's strategic-form games to dynamic situations; on the other, they extend the model of Markov chains and Markov decision...
