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Caroline Thomas (University of Texas - Austin)
Toulouse : TSE, 19 décembre 2017, 11h00–12h30, salle MS 001
We examine large credit markets with borrower moral hazard and bounded records. Defaulters should be temporarily excluded in order to incentivize repayment, but lending to defaulters who are the verge of rehabilitation is profitable. With perfect bounded information, defaulter exclusion unravels...
Sascha Steffen
19 décembre 2017
Matthieu Gomez (Columbia University)
TSE, 18 décembre 2017, 12h30–14h00, salle MF 323
This paper uses recently available data on the top of the wealth distribution to study the relationship between asset prices and wealth inequality. I document three stylized facts: (1) the share of wealth invested in equity increases sharply in the right tail of the wealth distribution, (2) when...
Manufacture des Tabacs, MS001, Toulouse, France, 18 décembre 2017
Toulouse : TSE, 18 décembre 2017, salle MF 323-322
Aina Gallego (Institut de Barcelona d'Estudis Internacionals)
Toulouse : IAST, 15 décembre 2017, 11h30–12h30, salle MF323
There is ongoing debate about the implications of the educational composition of governments on policy outcomes. While some recent studies argue that governments led by highly educated citizens perform better, others and no effects. To address this controversy, we use a novel dataset with...
Bjørn Olav Johansen (Bergen University)
TSE, 14 décembre 2017, 13h30–14h45, salle MS 003
We analyze how the legalization of minimum or fixed RPM may affect consumer welfare and prices. We consider a setting in which a manufacturer distributes its brand through two competing retailers, who each is also selling a retailer owned brand. The contract terms are decided in pairwise...
François Gerard (Columbia University)
Toulouse : TSE, 14 décembre 2017, 11h00–12h30, salle MF 323
Incentives to trade among economic agents are often affected by the tax incentives that they face. On the one hand, because of production efficiency concerns, tax systems allow buyers to deduct some purchases from their tax liability. On the other hand, pervasive exemptions or special regimes imply...
Marc Comas-Cufì (Universitat de Girona)
Toulouse : TSE, 14 décembre 2017, 11h00–12h15, salle MS001
Multivariate count data contrained to add up to a certain constant are commonly modelled using the multinomial distribution. The Dirichlet distribution has been proposed for the multinomial probability parameter to account for data overdispersion which results in the compound Dirichlet-multinomial...
Abbaye de Royaumont, France, 14–16 décembre 2017
