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Jihyun Kim (Indiana University)
Toulouse : TSE, 27 janvier 2014, 14h00–15h30, salle MS001
This paper analyzes the mean reversion and unit root properties of general diffusion models and their discrete samples. In particular, we find that the Dickey-Fuller unit root test applied to discrete samples from a diffusion model becomes a test of mean reversion rather than a unit root, or more...
Maria Polyakova (MIT)
Toulouse : TSE, 24 janvier 2014, 14h00–15h30, salle MS001
I take advantage of the evolution of the regulatory and pricing environment in the first years of a large federal prescription drug insurance program for seniors - Medicare Part D - to empirically explore interactions among adverse selection, switching costs, and regulation. Using detailed...
Katarina Borovickova (New York University)
Toulouse : TSE, 23 janvier 2014, 14h00–15h30, salle MS001
I study an equilibrium model of the labor market with firm- and worker-level shocks and evaluate their relative contribution to the labor market flows. Firms hire and shed workers in response to firm-specific productivity shocks. Workers and firms learn about the quality of their employment match...
Jaroslav Borovicka (New York University)
Toulouse : TSE, 22 janvier 2014, 14h00–15h30, salle MS001
I study the long-run behavior of an economy with two types of agents who differ in their beliefs and are endowed with homothetic recursive preferences of the Duffie- Epstein-Zin type. Contrary to models with separable preferences in which the wealth of agents with incorrect beliefs vanishes in the...
Raul Sanchez de la Sierra (Columbia University)
Toulouse : TSE, 21 janvier 2014, 14h00–15h30, salle MS001
The state is among the greatest developments in human history and a precursor of economic growth. Why do states arise, and when do they fail to arise? A dominant view across disciplines is that states arise when violent actors impose a \monopoly of violence" in order to extract taxes. One key fact...
Charles Brendon (European University Institute)
Toulouse : TSE, 20 janvier 2014, 14h00–15h30, salle MS001
Social insurance schemes must resolve a trade-off between competing efficiency and equity considerations. Yet there are few general statements of this trade-off that could be used for practical policymaking. To this end, this paper re-assesses optimal income tax policy in the inuential Mirrlees (...
Brice Richard (Princeton University)
Toulouse : TSE, 17 janvier 2014, 14h00–15h30, salle MS001
This paper explores the consequences of political participation on public good provision. Answering this question has proven difficult to due to endogeneity issues, but I provide an instrumental approach and show that an extra percentage point in turnout is associated with an increase of 2 to 3% in...
Ivan Ermakoff (University of Wisconsin)
Toulouse : IAST, 16 janvier 2014, 15h30–17h00, salle MS001
Elena Manresa (CEMFI)
Toulouse : TSE, 16 janvier 2014, 14h00–15h30, salle MS001
I consider settings where outcomes depend on own characteristics and on the characteristics of other individuals in the sample. I propose a method to identify individuals generating spillovers and their strength using panel data on outcomes and characteristics. This is in contrast to existing...
Allan Collard-Wexler (New York University)
Toulouse : TSE, 15 janvier 2014, 14h00–15h30, salle MS001
We measure the impact of a drastic new technology for producing steel – the minimill – on the aggregate productivity of U.S. steel producers, using unique plant-level data between 1963 and 2002. We find that the sharp increase in the industry’s productivity is linked to this new technology through...
