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Moritz Lenel (Stanford University)
TSE, 7 novembre 2017, 17h00–18h30, salle MS 001
I study how quantities of safe bonds affect asset prices and lending volumes in financial markets. In a quantitative model, heterogeneous agents trade securities of different maturity and risk exposure. Risk-tolerant investors issue collateralized bonds to obtain leverage and to insure the risk-...
Isaiah Andrews (Massachusetts Institute of Technology)
TSE, 7 novembre 2017, 15h30–16h50, salle MS 001
Some empirical results are more likely to be published than others. Such selective publication leads to biased estimators and distorted inference. This paper proposes two approaches for identifying the conditional probability of publication as a function of a study’s results, the first based on...
Konrad Mierendorff (University College London)
Toulouse : TSE, 7 novembre 2017, 11h00–12h30, salle MS 001
We consider a dynamic model of information acquisition. Before taking an action, a decision maker may direct her limited attention to collecting different types of evidence that support alternative actions. The optimal policy combines three strategies: (i) immediate action, (ii) a contradictory...
Phillip Haile (Yale University)
TSE, 6 novembre 2017, 14h00–15h30, salle MS 001
Ariadna Dumitrescu (ESADE Business School)
TSE, 6 novembre 2017, 12h30–14h00, salle MF 323
We study how asymmetric information affects market participants’ choice of trading venue (either an exchange or dark pool), and the optimal submission strategies in a sequential trading game. The exchange is organized as a fully transparent limit order book, and the dark pool is an opaque venue...
B. Kelsey Jack (Tufts University)
Toulouse : TSE, 6 novembre 2017, 11h00–12h15, salle MS 003
The standard approach to recovering the cost of electricity provision is to bill customers monthly for past consumption. If unable to pay, customers face disconnection, the utility loses revenue, and the service provision model is undermined. A possible solution to this problem is prepaid metering...
Manufacture de tabacs, Toulouse, 2–3 novembre 2017, salle MC 203
Bernhard von Stengel (London School of Economics)
Toulouse : TSE, 26 octobre 2017, 11h00–12h15, salle MS001
This talk presents a result which combines insights from basic game theory, polyhedral geometry, and linear algebra. All concepts will be defined and introduced with examples. In a symmetric two-player game, a symmetric equilibrium can only be dynamically stable if it has positive index. The sum of...
Pietro Tebaldi (University of Chicago)
TSE, 23 octobre 2017, 14h00–15h30, salle MS 001
To design premium subsidies in a health insurance market it is necessary to estimate consumer demand, cost, and study how different subsidy schemes affect insurers’ incentives. I combine data on household-level enrollment and plan-level claims from the Californian Affordable Care Act insurance...
Matthew Kotchen (Yale School of Forestry)
Toulouse : TSE, 23 octobre 2017, 11h00–12h15, salle MS 003
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the global...
