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Andrew Rhodes (Toulouse School of Economics)
22 septembre 2020, 14h00–15h00, salle Zoom meeting
Using both economic theory and Artificial Intelligence (AI) pricing algorithms, we investigate the ability of a platform to design its marketplace to promote competition, improve consumer surplus, and even raise its own profits. We allow sellers to use Q-learning algorithms (a common reinforcement-...
Jacopo Bregolin (Toulouse School of Economics)
TSE, 21 septembre 2020, 14h00–15h30, salle Zoom
Many online platforms rely on user-generated content and need to incentivize free effort. In this paper, I investigate if users provide more and better quality contributions when endowed with more autonomy over actions. Using a dynamic discrete choice model, I show that control rights have positive...
Marie Lambert (University of Liege - HEC Management School)
Toulouse : TSE, 21 septembre 2020, 12h30–13h45, Toulouse, salle Zoom
The amount of non-invested capital in the private equity industry or “dry powder” has raised numerous concerns from public opinion. To obtain insight about the drivers of the dry powder development, we model the investment behavior of a fund sponsor as a function of their expected fees, the latter...
Anca Voia (Toulouse School of Economics)
Toulouse : TSE, 21 septembre 2020, 11h00–12h15, salle Auditorium 5
Payments for Ecosystem Services (PES) are voluntary agreements between landowners and the Government in which a yearly payment is given conditional on an environmental service being adequately provided. PES contracts are usually subject to information asymmetries that can limit their cost-...
Juan Carlos Escanciano (Universidad Carlos III de Madrid)
Toulouse : TSE, 17 septembre 2020, 11h00–12h15, salle Zoom
One of the most important empirical findings in microeconometrics is the pervasive ness of heterogeneity in economic behaviour (cf. Heckman 2001). This paper shows that distribution functions and quantiles of the nonparametric unobserved heterogeneity have an infinite efficiency bound in many...
Zhijun Chen (Monash University)
TSE & IAST, 16 septembre 2020, 12h30–13h30, Zoom Meeting
Recent years have seen an increasing number of data-driven mergers including the Google-Fitbit merger, in which a dominant digital platform acquires a start-up company in a market for data collection. Combined with its huge capacity of data analytics, the digital platform is able to use consumer...
Paul Milgrom (Stanford University)
Toulouse : TSE, 15 septembre 2020, 18h00–19h30, salle Zoom
In a Vickrey auction, if one bidder can invest to increase his value, the combined mechanism including investments is still fully optimal. By contrast, there exist monotone allocation rules that are arbitrarily close to the the allocative optimum, but such that the associated mechanism with...
Ingrid Van Keilegom (KU Leuven)
TSE, 15 septembre 2020, 15h30–17h00, salle Zoom
When studying survival data in the presence of right censoring, it often happens that a certain proportion of the individuals under study do not experience the event of interest and are considered as cured. The mixture cure model is one of the common models that take this feature into account. It...
Andrew Atkeson (University of California - Los Angeles)
TSE, 15 septembre 2020, 14h00–15h30, salle Zoom
We use a simple random growth model to study the role of changing dynamics of family firms in shaping the evolution of top wealth shares in the United States over the course of the past century. Our model generates a time path for top wealth shares. The path is remarkably similar to those found by...
Elisabeth Kempf (University of Chicago, Booth School of Business)
Toulouse : TSE, 14 septembre 2020, 15h30–17h00, Toulouse, salle Zoom
