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Reka Juhasz (Princeton University - Columbia University)
Toulouse : TSE, 15 décembre 2016, 11h00–12h30, salle MF 323
This paper uses a natural experiment to estimate the causal effect of temporary trade protection on long-term economic development. I find that regions in the French Empire which became better protected from trade with the British for exogenous reasons during the Napoleonic Wars (1803-15) increased...
Jérémie Bigot (Université de Bordeaux)
Toulouse : TSE, 15 décembre 2016, 11h00–12h15, salle MS 001
The concept of barycenter in the Wasserstein space allows to define a notion of Frechet mean of a set of probability measures. The purpose of this talk is to discuss potential applications of Wasserstein barycenters for characterizing the mean of random histograms or random planar objects, and to...
Marc Bourreau
TSE & IAST, 14 décembre 2016, 12h30–13h30, salle MS003
Bill Dupor (Federal Reserve Bank of St. Louis)
Toulouse : TSE, 13 décembre 2016, 17h00–18h30, salle MS 003
In this paper, we estimate the effect of defense spending on the U.S. macroeconomy since World War II. First, we construct a new panel dataset of state-level federal defense contracts. Second, we sum observations across states and, using the resulting time series, estimate the aggregate effect of...
Nicolas Klein (University of Montreal)
Toulouse : TSE, 13 décembre 2016, 11h00–12h30, salle MF 323
We analyze a relational contracting problem, in which the principal has some private information about the future value of the relationship. In order to reduce bonus payments, the principal is tempted to claim that the value of the future relationship was lower than it actually is. To induce truth-...
Manufacture des Tabacs - MF 323, Toulouse, France, 13 décembre 2016
Toulouse, France, 13 décembre 2016
12 décembre 2016, 15h30–17h30, salle MS003
Adrien Matray (Princeton University)
Toulouse : TSE, 12 décembre 2016, 12h30–14h00, salle MF 323
We show that firms reduce their investment in response to non-fundamental drops in the stock price of their product-market peers. This spillover is economically significant and consistent with the hypothesis that managers rely on stock prices as a source of information but cannot perfectly filter...
Grégory Ponthieres (Paris School of Economics)
Toulouse : TSE, 12 décembre 2016, 11h00–12h15, salle MS 003
We revisit the Tragedy of the Commons in an dynamic overlapping generations economy peopled of shepherds who decide how many sheep they let graze on a common parcel of land, while relying on different forms of rationality (Nash players, Pure or Impure Kantian players). We examine the dynamics of...
