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Alex Smolin (Yale University)
TSE, 15 mai 2017, 14h00–15h30, salle MS 003
Yacine Ait-Sahalia (Princeton University)
TSE, 15 mai 2017, 12h30–14h00, salle MF 323
We analyze the consequences for liquidity provision of competing market makers operating at high frequency. Competition increases overall liquidity and deters the fast market maker's use of order flow signals. Using various liquidity metrics, we find that the market maker provides more liquidity as...
Asa Lofgren (University of Gothenburg)
Toulouse : TSE, 15 mai 2017, 11h00–12h15, salle MS 003
We conduct an artefactual field experiment in which 164 managers and senior advisors recruited from Swedish industry were presented with a task of maximizing net revenue from abatement investments under three different but equally stringent environmental policy regimes. We find that investment...
Iyad Rahwan (MIT)
Toulouse : IAST, 12 mai 2017, 11h30–12h30, salle MF 323
Moshe Hoffman (Harvard)
I will present a general theoretical framework for understanding quirky aspects of our beliefs and preferences, motivated by learning and evolutionary processes. This framework will use standard game theory tools, albeit with a corresponding reinterpretation of the key assumptions and results. To...
Bâtiment S, Toulouse, France : TSE, 12–13 mai 2017, salle MS001 - MS002
Stéphane Cordier (Université d'Orléans)
Toulouse : TSE, 11 mai 2017, 11h00–12h15, salle MS 001
François Bourguignon (Paris School of Economics)
Toulouse : TSE, 11 mai 2017, 11h00–12h30, salle MF 323
This paper proposes an analysis of the effectiveness of monitoring and sanctions applied by a transfer-maker when this external discipline is combined with the internal discipline of the transfer-receiver. Besides the fact that costs of monitoring and punishment are explicitly taken into account,...
Paolo Tasca
TSE & IAST, 10 mai 2017, 12h30–13h30, salle MS003
Arnaud Maurel (Duke University)
TSE, 9 mai 2017, 15h30–17h00, salle MS 001
We show that data on subjective expectations, especially on outcomes from counterfactual choices and choice probabilities, are a powerful tool in recovering ex ante treatment effects as well the relationship between individual choices and expected returns to treatment. In this paper we focus on the...
