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Université Libre de Bruxelles, 22 octobre 2024
Gregory Weitzner (Mc Gill University)
Toulouse : TSE, 21 octobre 2024, 11h00–12h30, salle Auditorium 3
Can relationship lending be sustained in public nancial markets? We use rms' call decisions as a laboratory to study this question. After a xed-price call forces existing bondholders to sell their bonds back at below market prices, existing bondholders are far less likely to participate in rms'...
Thibaud Vergé (Autorité de la concurrence)
Toulouse : TSE, 18 octobre 2024, 15h30–17h30, salle Auditorium A4
Jean-Paul Azam
Toulouse : IAST, 18 octobre 2024, 12h45–13h45, salle Auditorium 4 (First floor - TSE Building)
Peter Olivi discovered price theory in Narbonne in his 1295 Treatise on Contracts to counter the spurious arguments used by confessors to inflict massive fines on merchants. He analyzes demand and supply, equilibrium by "common estimation of the market price" i.e., rational expectations. He extends...
Stephen F. Hamilton (California Polytechnic State University, San Luis Obispo)
TSE, 18 octobre 2024, 11h00–12h30, salle Auditorium 4
Fair pricing standards are used in various industries, encompassing fair trade, labor practices, and state-regulated pricing. We demonstrate that fair pricing can serve as a vertical restraint by a dominant manufacturer on its retailers to fully coordinating prices in a multi-product distribution...
Florian Heider (SAFE, Goethe University Frankfurt, Frankfurt, Germany)
17 octobre 2024, 14h00–15h30, BDF, Paris, salle Salle 3 - Espace Conférence
We develop an asset-side theory of bank liquidity requirements, which focuses on the risk-management gains from requiring cash reserves. The key role of cash in the bank is to attenuate the banker’s moral hazard. Because cash is observable and riskless, its value does not depend on the banker’s...
David Salas (Universidad de O'Higgins)
Toulouse : TSE, 17 octobre 2024, 11h00–12h15, salle Auditorium 6
David Huffman (University of Pittsburg)
17 octobre 2024, 11h00–12h30, salle Auditorium 4
Traditional economic theory demonstrates how firms can sustain high prices and profits through repeated game strategies, but abstracts away from the bounded rationality of human managers. Behavioral models suggest that bounded rationality leads to biased mental models of competitor behavior,...
Mikhail Golosov (Chicago University)
TSE, 15 octobre 2024, 14h00–15h30, salle Auditorium 4
We study optimal nonlinear taxation of single and married households. Taxes on couples depend on the earnings of both spouses and are an example of multi-dimensional tax schedules. We develop novel analytical techniques to study properties of such taxes. We show that the optimal marginal taxes for...
Anton Kolotilin (University of New South Wales Australian School of Business)
Toulouse : TSE, 15 octobre 2024, 11h00–12h30, salle Auditorium 3
We study the problem of a partisan gerrymanderer who assigns voters to equipopulous districts so as to maximize his party’s expected seat share. The designer faces both aggregate, district-level uncertainty (how many votes his party will receive) and idiosyncratic, voter-level uncertainty (which...
