Jump to navigation
Agathe Pernoud (University of Chicago, Booth School of Business)
Toulouse : TSE, 17 décembre 2024, 11h00–12h30, salle Auditorium 3
We consider auctions where buyers can acquire costly information about their valuations and those of others, and investigate how competition between buyers shapes their learning incentives. In equilibrium, buyers find it cost-efficient to acquire some information about their competitors so as to...
Imke Reimers (Cornell University)
TSE, 16 décembre 2024, 14h15–15h30, salle Auditorium 4
The benefit that consumers derive from experience goods depends on how well they understand attributes of the choice set prior to purchase, and pre-purchase ignorance can lead to inefficient purchases. Using novel data on individual ownership and post-purchase usage of video games, we explore both...
Lin Shen (INSEAD)
Toulouse : TSE, 16 décembre 2024, 11h00–12h30, salle Auditorium 5
We study how ESG investing reshapes information aggregation by prices. We document that the information content of asset prices changes with ESG investing. We then develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG...
Online, 12 décembre 2024, 16h00
Patricia Goncalves (Instituto Superior Técnico)
Toulouse : TSE, 12 décembre 2024, 11h00–12h15, salle Auditorium 3
In the seventies, Frank Spitzer introduced interacting particle systems to the mathematics community. These systems consist of particles evolving randomly according to Markovian dynamics that conserve certain quantities. Interacting particle systems were already known in the physics and biophysics...
Benjamin Marx (Boston University)
12 décembre 2024, 11h00–12h30, salle Auditorium 4
This paper explores how state and religious providers of education compete during the nation building process. Using novel administrative data, we characterize the evolution of Indonesia’s Islamic education system and religious school choice after the introduction of mass public primary schooling...
Toulouse, TSE/IAST Building, 11 décembre 2024
Aureo de Paula (University College, London)
TSE, 10 décembre 2024, 15h30–16h50, salle Auditorium 4
Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm’s expectations of its future output and inputs that allows us to obtain consistent...
Antoine Bouveret (ESMA) et Hadrien Leclerc (ESMA)
10 décembre 2024, 14h00–15h30, BDF, Paris, salle Salle 4 - Espace Conférence
We assess risks related to funds pursuing Liability-Driven Investment strategies by merging entity and activity-level regulatory datasets. The analysis points to high concentration risks stemming from large holdings of UK sovereign bonds and a high degree of portfolio overlap among funds. We also...
Céline Poilly (Université Aix-Marseille)
10 décembre 2024, 11h30–12h30, BDF, Paris, salle Room 4GH and online
Endogenous uncertainty acts as an aggregate-demand amplification mechanism of supply shocks. Using U.S. data, we first stress that taking into account time-varying macroeconomic uncertainty leads to a significantly stronger recession and less inflationary pressures, in response to a TFP shock. In...
