Jump to navigation
Kaitong Hu
Toulouse : TSE, 13 décembre 2018, 11h00–12h15, salle MS 003
In this presentation, we are going to consider the Principal-Agent problem in a linear partially observed system. The non-observable part of the system is assumed not observable by the Principal or the Agent. Firstly, we shall demonstrate that the solvability of the Agent’s optimization problem can...
Francesco Decarolis (Bucconi University)
TSE & IAST, 12 décembre 2018, 12h30–13h30, salle MS003
Magne Mogstad (University of Chicago)
Toulouse : TSE, 11 décembre 2018, 15h30–17h00, salle MS 001
The goal of this paper is to quantify the importance of imperfect competition in the U.S. labor market by estimating the size of rents earned by American employers and workers from ongoing employment relationships. To this end, we develop, identify and estimate an equilibrium model of the U.S....
Martin Cripps (University College London)
Toulouse : TSE, 11 décembre 2018, 11h00–12h30, salle MS 001
A characterisation is provided of the belief updating processes that are independent of how an individual chooses to divide up/partition the statistical information they use in their updating. These \divisible" updating processes are in general not Bayesian, but can be interpreted as a re-...
Pedro Teles (Banque du Portugal)
11 décembre 2018, Banque de France
How should fiscal and trade policy be set cooperatively when government expenditures must be financed with distorting taxes? We study this question in canonical dynamic general equilibrium models of international trade using both the Ramsey and Mirrlees approaches. We show that free trade and...
Luigi Iovino (Bocconi University - IGIER)
TSE, 10 décembre 2018, 17h00–18h30, salle MF 323
We study the effects of central bank balance sheet policies—namely, quantitative easing and foreign exchange interventions—in a model where people form expectations through the level-k thinking process, which is consistent with experimental evidence on the behavior of people in strategic...
Matthew Mitchell (Economics - Rotman School of Management, University of Toronto.)
TSE, 10 décembre 2018, 14h00–15h30, salle MS 001
Consumers rely on intermediaries ("influencers") such as social media recommendations to provide information about products. The advice may be mixed with endorsement in a way that is unobservable to the follower, creating a trade-off for influencers between the best advice and the most revenue....
Alan Moreira (University of Rochester - Simon Business School)
TSE, 10 décembre 2018, 12h30–14h00, salle MF 323
We show, both theoretically and empirically, that liquidity creation induces negative exposure to volatility risk. Intuitively, liquidity creation involves taking positions that can be exploited by privately informed investors. These investors’ ability to predict future price changes makes their...
William Kovacic (GW Law, The George Washington University)
Toulouse : TSE, 7 décembre 2018, 15h30–17h00, salle MF 323
Rohini Pande (Harvard University)
Toulouse : IAST, 7 décembre 2018, 11h30–12h30, salle MF 323
Do anticipated performance disclosures influence politician behavior and, in turn, party and voter behavior? Two years prior to Delhi's 2012 municipal elections, we informed a random sample of councilors that a leading daily newspaper would report on their performance just before elections. To...
