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Cynthia Doniger (Board of the Fed)
1 avril 2019, BDF Paris
I document a disparity in the cyclicality of the allocative wage{the labor costs considered when deciding to form or dissolve an employment relationship{across levels of educational attainment. Specically, workers with a bachelors degree or more exhibit an allocative wage that is highly pro-...
Emmanuel Petrakis (University of Crete)
Toulouse : TSE, 29 mars 2019, 15h30–17h30, salle Room MF 323
We endogenize the disclosure decision of vertical contracts under alternative contract types and upstream market structures. We consider that upstream supplier(s) and downstream firms bargain both over the contract terms and the disclosure regime. For a contract to remain secret, both negotiating...
Ola Olsson (University of Gothenburg)
Toulouse : IAST, 29 mars 2019, 11h30–12h30, salle MF323
What explains the origins and development of the first states around five thousand years ago? In this research, we focus on the role of weather shocks for early state development in a single region: ancient Egypt. We outline a dynamic extension of Carneiro's (1970) general model of environmental...
Clément Pellegrini (Université Paul Sabatier)
Toulouse : TSE, 28 mars 2019, 11h00–12h15, salle MS003
Dans cet exposé, je présenterai rapidement les principes mathématiques qui permettent de décrire la mécanique quantique. En particulier je décrirai les modèles probabilistes qui décrivent les résultats de mesure. Pour cela je m’appuierai sur un modèle concret, développé par Serge Haroche et son...
Jean-Michel Loubes (Institut de Mathématiques de Toulouse)
TSE & IAST, 27 mars 2019, 12h30–13h30, salle MS003salle MS003
Christoph Rothe (University of Mannheim)
TSE, 26 mars 2019, 15h30–17h00, salle MS 001
We consider the problem of constructing honest, or uniformly valid, confidence sets for treatment effects in fuzzy regression discontinuity designs based on local linear regression. We show that confidence sets based on conventional t-statistics cannot be honest under certain conditions commonly...
Michele Lombardi (University of Glasgow)
Toulouse : TSE, 26 mars 2019, 11h00–12h30, salle MF 323
In this paper, we re-examine the classical questions of implementation theory under complete information in a setting where coalitions are the fundamental behavioral units and the outcomes of their interactions are predicted by applying the solution concept of the core. The planner's exercise...
Mathias Trabandt (School of Business and Economics at Freie Universität Berlin.)
TSE, 25 mars 2019, 17h00–18h30, salle MF 323
We propose a resolution of the missing deflation puzzle, i.e. the fact that inflation fell very little during the Great Recession against the backdrop of the large and persistent fall in GDP. Our resolution of the puzzle stresses the importance of nonlinearities in price and wagesetting using...
Natalia Fabra (University of Carlos III - Madrid)
TSE, 25 mars 2019, 14h00–15h30, salle MS 001
We analyze an auction model in which firms’ production capacities are private information. The results shed light on the nature of the strategic interaction between renewable generators, whose available capacities are subject to random shocks. In equilibrium, firms bid above marginal costs, with...
Laurent Fresard (University of Lugano)
Toulouse : TSE, 25 mars 2019, 12h30–14h00, salle MF 323
We show that the recent decline in IPOs on U.S. markets is related to changes in the technological disruptiveness of startups, which we measure using textual analysis of patents from 1930 to 2010. We focus on VC-backed startups and show that those with ex-ante disruptive technologies are more...