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Raja Chakir (INRA-AgroParisTech)
Toulouse : TSE, 1 avril 2014, 14h00–15h15, salle MF 323
It is a widespread practice to estimate land use models at some aggregated scales but the consequences of such aggregations are rarely evaluated. This paper proposes an evaluation in terms of predictive accuracy, based on estimating a broad spectrum of individual and aggregated econometric models...
Francesc Dilmé (University of Bonn)
Toulouse : TSE, 1 avril 2014, 11h00–12h30, salle MS 001
We investigate the dynamic signaling incentives of an entrepreneur who is willing to sell her firm. The underlying value of the firm is known only to the seller, and potential buyers learn through noisy signals like sales or dividends. Before the firm is sold the entrepreneur decides between...
Alexandre Ludwig (University of Cologne)
Toulouse : TSE, 31 mars 2014, 17h00–18h30, salle MS 001
Gary Biglaiser (University of North Carolina)
TSE, 31 mars 2014, 14h00–15h30, salle MF 323
We develop a model of dynamic platform formation under positive platform externalities. Users can switch between an incumbent and entrant platforms, switching opportunities arise stochastically and users can choose whether to accept or reject an opportunity to switch. For homogeneous users, we...
Nina Boyarchenko (Federal Reserve Bank of New York)
TSE, 31 mars 2014, 12h30–14h00, salle MF 323
Agency mortgage-backed securities (MBS), which carry essentially no credit risk from the point of view of investors, nevertheless often trade at significant spreads to other credit-risk free instruments, even after accounting for the prepayment option embedded in MBS. In this paper, we argue that “...
Pierre Lasserre (Université du Québec à Montréal)
Toulouse : TSE, 31 mars 2014, 11h00–12h30, salle MS 001
The tree harvest problem of forest management is an archetypal investment problem; it involves time, uncertainty, and irreversible actions with consequences in the future. The exercise of the option to cut a tree opens the option of planting a new one or of using the land for alternative purposes....
Christine Grün (University Toulouse 1 - Capitole)
Toulouse : TSE, 28 mars 2014, 14h00–15h15, salle MF 323
In this talk we consider an infinite horizon non zero sum stochastic differential game with a maximum of two players. The players control a diffusion in order to minimise a certain cost functional. During the game it is possible that present players may die or a new player may appear. The death,...
Flavio Toxvaerd (Cambridge University)
Toulouse : IAST, 28 mars 2014, 11h30–12h30, salle MS001
This paper fully characterizes the optimal control of a recur- rent infectious disease through the use of prevention and treatment. We find that under centralized decision making, treatment induces positive destabilizing feed- back effects, while prevention induces negative stabilizing feedback...
Pauline Grosjean (Australian School of Business)
Toulouse : IAST, 27 mars 2014, 15h30–16h30, salle MF323
We document the implications of missing women in the short and long run. We exploit a natural historical experiment, which sent large numbers of male convicts and far fewer female convicts to Australia in the 18th and 19th century. In areas with higher gender imbalance, women historically married...
Jean Marie Baland (Université de Namur)
Toulouse : TSE, 27 mars 2014, 11h00–12h30, salle MF 323
In this paper, we develop a North-South model to investigate the impact of social labelling, which certifies the adoption of high labour standards in the production of exports to the North. We show that the adoption of a label is never Pareto-improving if (i) a small fraction of eligible producers...
