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Ingrid Van Keilegom (Université Catholique de Louvain)
Toulouse : TSE, 25 mars 2014, 15h30–17h00, salle MS 001
Consider a nonparametric nonseparable regression model Y=g(Z,U), where g(Z,U) is increasing in U and U is uniform on [0,1]. We suppose that there exists an instrument W that is independent of U. The observable random variables are Y, Z and W, all one-dimensional. The purpose of this paper is...
Fadoua Balabdaoui (Université Paris-Dauphine)
Toulouse : TSE, 25 mars 2014, 14h00–15h30, salle MF 323
Log-concavity is a flexible and appealing modeling assumption which has been widely used in nonparametric density estimation. In this work, we extend this model to the discrete setting and study the log-concave maximum likelihood estimator (MLE) of a probability mass function (pmf). We show that...
Jean Tirole (Toulouse School of Economics)
Toulouse : TSE, 24 mars 2014, 17h00–18h30, salle MS 001
The recent unravelling of the Eurozone’s financial integration raised concerns about feedback loops between sovereign and banking insolvency, and provided an impetus for the European banking union. This paper provides a “double-decker bailout” theory of the feedback loop that allows for both...
Adriaan Soetevent (University of Amsterdam)
TSE, 24 mars 2014, 14h00–15h30, salle MF 323
We challenge the view that consumers and insurers in insurance markets have a common interest to minimize the value of potential losses. We do this in two ways. First we derive the theoretical result that when consumers are risk-averse, an insurer's profi ts increase with potential loss size. This...
Jakub Jurek (University of Princeton)
IDEI, 24 mars 2014, 11h00–12h30, salle MF 323
We use cross-sectional information on the prices of G10 currency options to calibrate a non-Gaussian model of pricing kernel dynamics and construct estimates of conditional currency risk premia. We find that the mean historical returns to short dollar and carry factors (HMLFX) are statistically...
Samuel Bowles (Sante Fe Institute)
Toulouse : IAST, 21 mars 2014, 11h30–12h30, salle MS001
Did our Late Pleistocene hunter-gatherer ancestors live in isolated family-based bands, their social interactions limited to just a few close relatives or lifelong associates? This widely held view at first glance appears to be consistent with estimates of genetic differentiation (e.g., Wright’s...
Agustín Pérez-Barahona (INRA-Ecole Polytechnique)
Toulouse : TSE, 21 mars 2014, 10h00–11h15, salle MS 001
We examine the impact of pollution on biodiversity by studying the effect of coastal light pollution on the sea turtle population in the Caribbean. To this end we assemble a data set of sea turtle nesting activity and satellite derived measures of nightlights. Controlling for surveyor effort, local...
Jean-Philippe Bouchaud (Ecole Polytechnique)
Toulouse : IAST, 20 mars 2014, 15h30–16h30, salle MF323
Alessandro Tarozzi (Universitat Pompeu Fabra)
Toulouse : TSE, 20 mars 2014, 11h00–12h30, salle MF 323
We describe findings from the first large-scale cluster randomized controlled trial in a developing country that evaluates the uptake of a health-protecting technology, insecticide-treated bednets (ITNs), through micro-consumer loans, as compared to free distribution and control conditions. Despite...
Joseph Altonji (University of Yale)
Toulouse : TSE, 18 mars 2014, 15h30–17h00, salle MS 001
We analyze labor market outcomes of U.S. college graduates from the classes of 1976 to 2011, as a function of the economic conditions they graduated into. We categorize college majors by average economic outcomes and skill level of the major, predominantly the average earnings premium, and measure...
