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Susan Athey (Stanford Graduate School of Business)
15 juin 2021, 14h00–15h00, Zoom Meeting
In order to avoid competition, market leaders in platform markets often search for tactics that help them reduce multi-homing in the short run and thus deprive rivals of scale economies and network effects in the longer run. This paper considers a category of tactics that we refer to as “platform...
Patrick Coen
Toulouse : TSE, 14 juin 2021, 16h00–17h00, salle zoom
Daniel Ershov
Augustin Tapsoba (Toulouse School of Economics)
Toulouse : TSE, 14 juin 2021, 16h00–17h00
Matteo Bobba (Toulouse School of Economics)
Mathias Reynaert
Eugenia Gonzalez-Aguado (Toulouse School of Economics)
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, 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...
