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Julien Daubanes (Geneva University)
Toulouse : TSE, 15 avril 2019, 11h00–12h15, salle MS 001
We examine an open economy’s strategy to reduce its carbon emissions by replacing its consumption of coal—very carbon intensive—with gas—less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral carbon-reduction policies with more than one carbon energy source may...
Manufacture des Tabacs - Building S, Toulouse, France, 15 avril 2019, salle MS003-MS002
Thomas Mariotti
TSE, 11 avril 2019, 15h30–16h15, Manufacture des Tabacs, salle MS001
We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption decisions without exact prior knowledge of their long-term consequences. For arbitrary distributions of risk, there exists a consumer-optimal information nudge that is of cutoff...
Sophie Moinas
TSE, 11 avril 2019, 14h15–15h00, Manufacture des Tabacs, salle MS001
Information technology, infrastructure enhancement, and arbitrage strategies all contribute to link trading venues in fragmented markets. Our paper highlights a new cross-market linking channel: the interdependence of liquidity providers' inventory costs. We use a two-venue duopoly model involving...
Stefan Ambec
TSE, 11 avril 2019, 13h30–14h15, Manufacture des Tabacs, salle MS001
We investigate the design of a pollution standard when the firms’ abatement costs are unknown and emissions are also taxed. A firm might abate beyond what is required by the standard by equalizing their marginal abatement costs to the tax rate, thereby revealing information about its abatement...
Fabrice Collard
TSE, 11 avril 2019, 11h45–12h30, Manufacture des Tabacs, salle MS001
We study the Ramsey policy problem in an economy in which public debt contributes to the supply of assets that private agents can use as buffer stock and collateral, or as a vehicle of liquidity. Issuing more debt eases the underlying financial friction. This raises welfare by improving the...
Isis Durrmeyer (Toulouse School of Economics)
TSE, 11 avril 2019, 11h00–11h45, Manufacture des Tabacs, salle MS001
I quantify the monetary and environmental gains and losses of an environmental purchase tax/subsidy (feebate) for new cars using a structural model of demand and supply that features a high level of heterogeneity in consumers' preferences. I simulate the market equilibrium without the feebate to...
Matteo Bobba (Toulouse School of Economics)
TSE, 11 avril 2019, 10h00–10h45, Manufacture des Tabacs, salle MS001
We design and implement a field experiment in which ninth-graders from disadvantaged backgrounds in Mexico City are provided with individualized feedback about their performance on an achievement test. The intervention shifts both the mean and the variance of the subjective distributions of...
François Gourio (Chicago Fed)
9 avril 2019, BDF Paris
Real risk-free interest rates have trended down over the past 30 years. Puzzlingly in light of this decline, the return on private capital has remained stable or even increased, creating an increasing wedge with safe interest rates; stock market valuation ratios have increased only moderately;...
Fabrice Etilé (PSE-INRA)
Toulouse : IAST, 5 avril 2019, 11h30–12h30, salle MF 323
Research in psychology and behavioural sciences has produced evidence that individual identity is central for the formation of time preferences. However, the question of whether all aspects of identity contribute equally remains an open one. Individual identity - their response to the question "Who...
