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Gilat Levy (London School of Economics)
Toulouse : TSE, 20 septembre 2022, 11h00–12h30, salle Auditorium 3
In this paper we explore the effect of short-term memory on political outcomes in a model in which politics is viewed as a collective learning process. We analyse a dynamic model in which voters use past observations to make inferences about the true data generating process, and political parties...
Kristoffer Nimark (Cornell University)
20 septembre 2022
Supply chain disturbances can lead to substantial increases in production costs. To mitigate these risks, firms may take steps to reduce their reliance on volatile suppliers. We construct a model of endogenous network formation to investigate how these decisions affect the structure of the...
Erin T. Mansur (Tuck School of Business)
Toulouse : TSE, 19 septembre 2022, 14h15–15h30, salle Auditorium 4
Decarbonization will require a completely transformed electricity grid. We analyze a long-run model that captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, optimal use of storage technologies, and entry and exit of...
Basil Williams (NYU)
Toulouse : TSE, 16 septembre 2022, 14h00–15h30, salle Auditorium 4
We present a model of dynamic trading with exogenous and strategic cancellation of orders. We define spoofing as the strategic placing and canceling of orders in order to move prices and trade later in the opposite direction. We show that spoofing can occur in equilibrium. Consistent with regulator...
Gianmarco Leon-Ciliotta (University of Pompeu Fabra, Barcelona)
15 septembre 2022, 11h00–12h30, salle Auditorium 4
A classic problem faced by organizations is to decide how to distribute incentives among their different layers. By means of a field experiment with a large public-health organization in Sierra Leone, we show that financial incentives maximize output when they are equally shared between frontline...
Fabien Gensbittel ( Toulouse School of Economics)
Toulouse : TSE, 15 septembre 2022, 11h00–12h15, salle Auditorium 3
We study a generic family of two-player continuous-time nonzero-sum stopping games modeling a war of attrition under complete information and stochastic payoffs depending on a homogeneous linear diffusion. We first show that any Markovian mixed strategy can be represented by a pair $(\mu,S)$ where...
Sami Stouli (Bristol University)
TSE, 13 septembre 2022, 15h30–16h50, salle Auditorium 5
We propose flexible Gaussian representations for conditional cumulative distribution functions and give a concave likelihood criterion for their estimation. Optimal representations satisfy the monotonicity property of conditional cumulative distribution functions, including in finite samples and...
Jakub Steiner
Toulouse : TSE, 13 septembre 2022, 09h00–10h30, salle Auditorium 5
This paper examines connections between stochastic growth and decision problems. We use tools from the theory of large deviations to show that wishful thinking decision problems are equivalent to utility maximization problems, both of which are equivalent to growth maximization under idiosyncratic...
Gert Peersman (Ghent University)
13 septembre 2022
Sarah Moshary (Berkeley University)
TSE, 12 septembre 2022, 14h15–15h00, salle Auditorium 4
This paper estimates consumer demand for firearms with the aim of evaluating the likely impacts of firearm regulations. We first conduct a stated-choice-based conjoint analysis and estimate an individual-level demand model for firearms. We validate our estimates using aggregate moments from...
