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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...
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...
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...
Inge van den Bijgaart (Utrecht University School of Economics)
Toulouse : TSE, 12 septembre 2022, 11h00–12h15, salle T 430
Green innovation is essential for climate change mitigation, but not all innovative projects deliver equal social value. We consider innovator heterogeneity in a model where the policy maker cannot observe innovation quality and directly subsidize the socially most valuable green innovations. We nd...
Joel Waldfogel (University of Minnesota and NBER)
6 septembre 2022, 14h00–15h00, Zoom Meeting
Using data on 4.1 million apps at the Google Play Store from 2016 to 2019, we document that GDPR induced the exit of about a third of available apps; and in the quarters following implementation, entry of new apps fell by half. We estimate a structural model of demand and entry in the app market....
Simon Mayer
6 septembre 2022
We model the dynamic competition among national fiat currencies, cryptocurrencies, and Central Bank Digital Currencies (CBDCs), whereby a country’s fiscal strength and currency strength are mutually reinforcing. The rise of cryptocurrencies hurts stronger fiat currencies, but can benefit weaker...
Gaston Chaumont
29 août 2022, 11h30–12h30, salle 4 espace Conference & Online
We propose a model of sovereign default where investors trade bonds and credit default swaps (CDS) contracts of a country, with both assets being traded over the counter. We model the over-the-counter market with directed search, where dealers post the terms of trade and investors choose which...
