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Jeremy Watson (University of Minnesota)
TSE & IAST, 20 juin 2018, 12h30–13h30, salle MS003
Leslie Marx (Duke University)
Toulouse : TSE, 19 juin 2018, 11h00–12h30, salle MF323
Clock auctions are weakly group strategy-proof, make bidding truthfully an obviously dominant strategy, and preserve trading agents’ privacy. They have proved useful in practice but challenging to implement in a prior-free, asymptotically optimal way. We characterize the Bayesian optimal clock...
Christina Wang
19 juin 2018
Giovanna Nicodano
TSE, 18 juin 2018, 12h30–14h00, salle MF 323
This paper argues that a survivorship bias is able to distort upwards the measurement of the average ex-post firm value, because bankruptcy cancels firms with low realized cash flows from databases. This bias increases in bankruptcy probability, giving rise to known pricing puzzles across types of...
Toulouse, France, 18–19 juin 2018
Daniel Ershov (Toulouse School of Economics)
TSE, 14 juin 2018, 14h00–15h15, salle MS 003
Standard discrete choice models used to evaluate mergers assume that different product varieties are substitutes. However, legal defences in some recent high-profile mergers rested on demand complementarity (e.g., GE/Honeywell). Since complements tend to be priced lower by a monopolist than by a...
Sebastien Gerchinovitz (Institut de Mathématiques de Toulouse - Université Paul Sabatier)
Toulouse : TSE, 14 juin 2018, 11h00–12h15, salle MC 204
We propose a new analysis of Piyavskii's algorithm for deterministic or stochastic Lipschitz global optimization. More precisely, we address the problem of finding a global maximizer of a (locally) Lipschitz function f on [0,1]^d with known Lipschitz constant, using as few (possibly noisy)...
Toulouse, France, 14–15 juin 2018
Timothy Simcoe
TSE & IAST, 13 juin 2018, 12h30–13h30, salle MS003
Raphael Schoenle
12 juin 2018