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Flavio Cunha (Rice University, Houston)
TSE, 24 mai 2016, 15h30–17h00, salle MS 001
We formulate a model of early childhood development that includes maternal subjective expectations (MSE) about the technology of skill formation. The model explores how MSE influences the amount and quality of maternal investments in the development of human capital of their child. The model cannot...
Eric Verhoogen (Columbia University)
Toulouse : TSE, 23 mai 2016, 14h00–15h30, salle MF 323
This paper studies technology adoption in a cluster of soccer-ball producers in Sialkot, Pakistan. Weinvented a new cutting technology that reduces waste of the primary raw material and gave the technologyto a random subset of producers. Despite the arguably unambiguous net benefits of the...
Pietro Veronesi (University of Chicago, Booth School of Business)
IDEI, 23 mai 2016, 12h30–13h45, salle MF 323
We propose a non-parametric empirical benchmark for credit risk analysis. We build fictitious “pseudo firms” that purchase real traded assets by issuing equity and zero-coupon bonds. By no-arbitrage, these bonds equal Treasuries minus put options on the firms’ assets, whose values are all...
Carmen Arguedas (Universidad Autonoma de Madrid)
Toulouse : TSE, 23 mai 2016, 11h00–12h30, salle MS 003
We analyze the strategic decision of firms to voluntarily provide high quality on a credence attribute of a product in settings where there is scope for fraud that can be alleviated through third-party certification. Equilibrium outcomes crucially depend on endogenous consumers' beliefs about the...
Steven Ongena (University of Zurich)
23 mai 2016
Vincent Rivoirard (Université Paris Dauphine)
Toulouse : TSE, 20 mai 2016, 14h00–15h15, salle MF 323
After some recalls about the setting of nonparametric Bayesian estimation, we consider the issue of tuning hyperparameters of prior models by using empirical Bayes procedures. We provide general conditions on the model and the prior to derive concentration rates for the associated posterior...
Coasta Azariadis (Wahsington University in St Louis)
20 mai 2016
Toulouse, France, 19–20 mai 2016
Michel Diaz (LAAS)
TSE & IAST, 18 mai 2016, 12h30–13h30, salle MS003
Marnix Amand (HEC, Lausanne)
TSE, 17 mai 2016, 17h00–18h30, salle MS 001
We show that many forms of heterogeneity and uncertainty that are common in the heterogeneous firm international trade literature drive a wedge between observed exports in the data and firm productivity. This implies that testing for an exact Pareto distribution for firm productivity is impossible...
