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Manufacture des Tabacs - Buildng S, Toulouse, 13–15 juin 2013
François Salanié (Toulouse School of Economics - LERNA)
Toulouse : TSE, 11 juin 2013, 11h00–12h30, salle MF 323
A buyer of a divisible good faces several identical sellers. The buyer's preferences are her private information, and they may directly affect the sellers' profits (common values). Sellers compete by posting menus of nonexclusive contracts, so that the buyer can simultaneously and privately trade...
Manufacture des Tabacs - Building S, Toulouse, 11–12 juin 2013
Nicolas Dupuis (Toulouse School of Economics)
TSE, 10 juin 2013, 12h30–13h30, salle MS003
We estimate the strategic incentives of experts to send biased messages using movie reviews released in the US between 2004 and 2013. We find results consistent with theoretical predictions: when driven by reputational concerns, less skilled movie critics bias their messages towards the prior of...
Pierre Collin-Dufresne (University of Columbia - EPFL)
IDEI, 10 juin 2013, 12h30–14h00, salle MF 323
We extend Kyle's (1985) model of insider trading to the case where liquidity provided by noise traders follows a general stochastic process. Even though the level of noise trading volatility is observable, in equilibrium, measured price impact is stochastic. If noise trading volatility is mean-...
Eric Maskin (Nobel Prize 2007)
Hôtel de Ville, Toulouse, France, 6 juin 2013, 16h30–19h00, salle Salle des Illustres
Toulouse, France, 5–7 juin 2013
Marc Melitz (University of Harvard)
Toulouse : TSE, 3 juin 2013, 17h00–18h30, salle MS 001
We examine how firm heterogeneity influences aggregate welfare through endogenous firm selection. We consider a homogeneous firm model that is a special case of a heterogeneous firm model with a degenerate productivity distribution. Keeping all structural parameters besides the productivity...
John E. Roemer (University of Yale)
Toulouse : TSE, 3 juin 2013, 14h00–15h30, salle MS 001
Mankind must cooperate to reduce GHG emissions to prevent a catastrophic rise in global temperature. How can the necessary costs of reducing GHG emissions be allocated across regions of the world, within the next few generations, and simultaneously address growth expectations and economic...
