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Nicola Pavanini (Tilburg University)
4 février 2025, 11h30–12h30, BDF, Paris, salle Conference space room 4 and Online
We estimate an equilibrium model of housing demand and supply, quantifying the distributional effects of leverage regulation on mobility and access to high-quality housing. We match the population of households in Norway in 2010-2018, with demographic and financial characteristics, to the universe...
Luise Eisfeld (HEC, Lausanne)
Toulouse : TSE, 23 janvier 2025, 17h00–18h00, salle Auditorium 3 JJ LAFFONT
The word “digitization” is often surrounded by hype, suggesting an entirely novel economy governed by new rules. Academic economists, however, have looked beyond the buzz, focusing on how digitization - at its core - has primarily reduced the costs of storing and transferring data. These changes...
Toulouse, 9–10 janvier 2025
Auditorium 5, 19 décembre 2024, 14h00–17h30
Benjamin Born (Frankfurt School of Finance and Management)
19 décembre 2024, 11h00–12h00, BDF, Paris, salle Room 4GH and online
We use a novel survey approach with hypothetical vignettes to analyze firms' investment sensitivity to interest rates, allowing us to causally identify firms' investment adjustments in response to various changes in lending rates. In a large survey of German firms, we find a semi-elasticity of...
Pierre Monmarché (Sorbonne Université)
Toulouse : TSE, 19 décembre 2024, 11h00–12h15, salle Auditorium 3
Gradient descent flows in a space of probability measures can appear either directly in optimisation problems (where one wants to minimise some functional depending on probability measures, as in variational inference), or as an interpretation of some interacting particles models (for which the...
Katerina Tertytchnaya (Oxford University)
Toulouse : IAST, 17 décembre 2024, 11h30–12h30, salle Auditorium 4 (First floor - TSE Building)
Preventive repression is most effective when it is invisible. Yet contemporary autocrats often publicize their attempts, and failure, to prevent dissent. This work develops and tests a theory of how publicized preventive repression aids autocracies. I propose that autocrats’ decision to publicize...
Agathe Pernoud (University of Chicago, Booth School of Business)
Toulouse : TSE, 17 décembre 2024, 11h00–12h30, salle Auditorium 3
We consider auctions where buyers can acquire costly information about their valuations and those of others, and investigate how competition between buyers shapes their learning incentives. In equilibrium, buyers find it cost-efficient to acquire some information about their competitors so as to...
Imke Reimers (Cornell University)
TSE, 16 décembre 2024, 14h15–15h30, salle Auditorium 4
The benefit that consumers derive from experience goods depends on how well they understand attributes of the choice set prior to purchase, and pre-purchase ignorance can lead to inefficient purchases. Using novel data on individual ownership and post-purchase usage of video games, we explore both...
Lin Shen (INSEAD)
Toulouse : TSE, 16 décembre 2024, 11h00–12h30, salle Auditorium 5
We study how ESG investing reshapes information aggregation by prices. We document that the information content of asset prices changes with ESG investing. We then develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG...