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Jaume Ventura (CREI, Universitat Pompeu Fabra;Barcelona GSE)
Toulouse : TSE, 14 juin 2021, 15h30–16h00, salle zoom
Mina Lee (University of Washington - Saint Louis)
Toulouse : TSE, 14 juin 2021, 15h00–16h00, TSE, salle Zoom
This paper studies how falling fees for delegated investments affect price efficiency in a theoretical framework, in which the investors' allocations, management fees, and asset prices are all determined in a general equilibrium. Importantly, investors optimally decide whether to participate in the...
Michael Rubens (University of California - Los Angeles)
TSE, 14 juin 2021, 14h00–15h30, Zoom
I study how ownership consolidation affects productivity and market power in both factor and product markets. I develop a model to separately identify markups, markdowns, and productivity using production and cost data. I use the model to examine the effects of consolidation in the Chinese...
André Veiga (Imperial College London)
TSE & IAST, 9 juin 2021, 12h30–13h30, Zoom Meeting
We conduct an experiment where subjects read online news articles and are shown ads for brands next to those articles. Using eye-tracking technology, we measure the attention that each individual devotes to each article and ad. Then, respondents choose between cash or vouchers for the brands...
Olivier Wang (NYU)
TSE, 8 juin 2021, 14h00–15h30, salle Zoom
We study time-consistent bank resolution mechanisms. When interventionsare ex post efficient, a government cannot commit not to inject capital into thebanking system. Contrary to common wisdom, however, we show that the gov-ernment may still be able to implement the first best allocation because it...
Linda Schilling (Ecole Polytechnique)
8 juin 2021, 11h30–12h30, BDF, Paris
Song Ma (Yale University)
Toulouse : TSE, 7 juin 2021, 15h00–16h00, salle Zoom
Thierry Verdier (Paris School of Economics)
3 juin 2021, 11h00–12h30, Online
Recent theories of the Long Divergence between Middle Eastern and Western Euro?pean economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...
Renato Gomes
Online, 3–4 juin 2021
Arun Sundararajan (New York University)
1 juin 2021, 14h00–15h00, Zoom Meeting
We report experimental and quasi-experimental evidence from a “sharing economy” marketplace that transitioned from decentralized to centralized pricing. Centralized pricing increased the utilization of providers’ assets, resulting in higher revenues but also higher transaction costs. Barred from...
