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Carl Gaigné (INRA Rennes)
TSE, 30 novembre 2017, 14h00–15h15, salle MS 003
The paper tests whether the “quality”-focused non-tariff measures, such as technical barriers to trade (TBT) measure or sanitary and phytosanitary (SPS) measures, are trade-distorting and quality-improving. We first develop a firm-based trade model with information asymmetry on product quality. We...
Aygul Abakirova (Université Toulouse I Capitole - TSE-R)
Toulouse : TSE, 30 novembre 2017, 11h00–12h15, salle MS 001
Xavier Lambin (Toulouse School of Economics) et Emil Palikot (Toulouse School of Economics)
TSE & IAST, 29 novembre 2017, 12h30–13h30, salle MS003
This paper studies entry dynamics of users facing statistical discrimination into a two-sided market with moral hazard. Firstly, we develop a theory model, where we study effort dynamics of users coming from different populations. We show that level of required effort and the expected surplus of...
Vincenzo Quadrini (Marshall School of Business - University of Southern California)
TSE, 29 novembre 2017, 09h30–11h00, salle MF 323
In the period that preceded the 2008 crisis, US financial intermediaries have become more leveraged (measured as the ratio of assets over equity) and interconnected (measured as the share of liabilities held by other financial intermediaries). This upward trend in leverage and interconnectivity...
Laurent Gobillon (Paris School of Economics)
TSE, 28 novembre 2017, 15h30–16h50, salle MS 001
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output as a latent variable and relies on the firstorder condition for profit maximisation with respect to nonland inputs by competitive house builders. For parcels of a given size, we...
Rida Laraki (Université Paris Dauphine)
Toulouse : TSE, 28 novembre 2017, 11h00–12h30, salle MS 001
The validity of majority rule in an election with but two candidates| and so also of Condorcet consistency|is challenged. Axioms based on evaluating candidates|paralleling those of K. O. May characterizing ma- jority rule for two candidates based on comparing candidates|lead to another method,...
Natalie Cox (Stanford Institute for Economic Policy Research (SIEPR))
TSE, 27 novembre 2017, 14h00–15h30, salle MF 323
Christian Julliard (London School of Economics)
TSE, 27 novembre 2017, 12h30–14h00, salle MF 323
Aggregate consumption growth reacts slowly, but significantly, to bond and stock return innovations. As a consequence, slow consumption adjustment (SCA) risk, measured by the reaction of consumption growth cumulated over many quarters following a return, can explain most of the cross-sectional...
Jennifer Alix-Garcia (University of Wisconsin, Madison)
Toulouse : TSE, 27 novembre 2017, 11h00–12h30, salle MS001
We measure the willingness to accept of contracts for environmental conditional cash transfers among applicants to Mexico's payments for ecosystem services program. These estimates are significantly lower than the payments offered by the program, suggesting a substantial transfer of surplus to...
27 novembre 2017, salle MS 001
