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Manufacture des Tabacs, Toulouse, France, 26–29 juin 2013
Toulouse, France, 26 juin 2013
Steven Berry (University of Yale)
Toulouse : TSE, 25 juin 2013, 15h30–17h00, salle MS 001
We consider identification in a class of nonseparable nonparametric simultaneous equations models introduced by Matzkin (2008). These models combine standard exclusion restrictions with a requirement that each structural error enter through a "residual index" function. We provide constructive...
Mark Aguiar (University of Princeton)
Toulouse : TSE, 24 juin 2013, 17h00–18h30, salle MS 001
We address the question of whether and how a sovereign should reduce its external indebtedness when default is a possibility, with a particular focus on whether a government should buy back or dilute existing long-term sovereign bonds. Our main finding is that when deleveraging is optimal, the...
TSE, 24 juin 2013, 14h00–15h30, salle MF 323
We consider identification of nonparametric random utility models of multinomial choice using ìmicro data,i.e., observation of the characteristics and choices of individ- ual consumers. Our model of preferences nests random coefficients discrete choice mod- els widely used in practice with...
Pierre Dubois (Toulouse School of Economics)
TSE, 24 juin 2013, 12h30–13h30, salle MS001
We provide a method allowing to identify margins in an oligopoly price competition game when prices may not be freely chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory constraints in the pharmaceutical industry, which is...
Jaroslav Borovicka (University of New York)
TSE, 24 juin 2013, 12h30–14h00, salle MF323
1) Robust preference expansions (with Lars Peter Hansen) --- We propose an approximation method for solving dynamic stochastic general equilibrium models in which agents are concerned about model misspecification. The method relies on a perturbation that treats this robust concern as a first-order...
Areski Cousin (ISFA Lyon)
Toulouse : TSE, 21 juin 2013, 13h45–15h00, salle MF 323
We present a bottom-up dynamic model of portfolio credit risk where instantaneous contagion is represented by the possibility of simultaneous defaults. Due to a Markovian copula nature of the model, calibration of marginals and dependence parameters can be performed separately using a two- steps...
Manufacture des Tabacs - S Building, Toulouse, 20–21 juin 2013
