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Elisabeth Kempf (University of Chicago, Booth School of Business)
Toulouse : TSE, 14 septembre 2020, 15h30–17h00, Toulouse, salle Zoom
Michael Schwert (The Wharton School - University of Pennsylvania)
du 14 septembre 2020, 14h00 au 14 septembre 2021, 15h00, BDF Paris
We study the performance of collateralized loan obligations (CLOs) to understand the market imperfections giving rise to these vehicles and the corresponding costs. CLO equity tranches earn positive abnormal returns from the risk-adjusted price dif- ferential between leveraged loans and CLO debt...
Kevin Remmy (Toulouse School of Economics)
TSE, 14 septembre 2020, 14h00–15h30, salle Zoom
How do firms adjust the price and quality of products in response to subsidies and marginal cost changes? Knowing the answer is essential for designing electric vehicle subsidies. I show that the answer to this question is ambiguous in a monopoly model of quality provision. I then build an...
Jacint Enrich Moya (Toulouse School of Economics)
Toulouse : TSE, 14 septembre 2020, 11h00–12h30, salle Auditorium 6 - (3° floor)
Is agricultural development a prerequisite for structural transformation? In this paper I study the effect of tractor adoption on labor reallocation in France between 1970 and 2000. First, I present a theoretical model capturing adoption decisions, where improvements in tractor power play an...
Eyal Winter (Lancaster University;The Federmann Center for the Study of Rationality - The Hebrew University of Jerusalem)
Toulouse : TSE, 8 septembre 2020, 17h00–18h30, salle Zoom
We analyze the implications of introducing priority service on customerswelfare. In monopoly markets, introducing priority service decreases the customers surplus despite increasing the assignment e¢ ciency: the monopolist extracts from customers a total payment higher than the total e¢ ciency gain...
Nikhil Vellodi (Princeton University and Paris School of Economics)
8 septembre 2020, 14h00–15h00, Zoom meeting
I study the impact of consumer reviews on the incentives for firms to participate in the market through the lens of ratings design. Firms produce goods of heterogeneous, unknown quality that is gradually revealed via consumer reviews, and face both entry and exit decisions. A platform combines past...
Yang Yang (Toulouse School of Economics)
TSE, 7 septembre 2020, 14h00–15h30, salle Zoom
Customer services made at the retail level are extremely important for enhancing the demand for the brands and products. The retailers, however, often consider price as the most important parameter of competition because the existence of price comparison tools makes the price information more...
Eva Tène (Toulouse School of Economics Research;INRAE)
Toulouse : TSE, 7 septembre 2020, 11h00–12h15, salle Auditorium 4
This paper studies both the geoclimatic origins and the long-term impacts of matrilineal kinship systems, where inheritance is along the maternal line, in Sub-Saharan Africa. Exploiting cross-ethnic group variations in geoclimatic conditions, I first document that land suitability for root crops...
Ananya Sen (Canergie Mellon University)
28 juillet 2020, 14h00–15h00, salle Zoom meeting
We run a field experiment to quantify the economic returns to data and informational externalities associated with algorithmic recommendation in the context of online news. Our results show that personalized recommendation can outperform human curation in terms of user engagement, though this...
Lester Chan (Boston University)
15 juillet 2020, 14h00–15h00, salle Zoom Meeting
Strong network effects typically lead to multiple equilibria in two-sided markets. To overcome the methodological challenge of selecting an appropriate equilibrium, this paper shows that many two-sided market models are weighted potential games, and thus potential maximization, a refinement of Nash...
