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Tymofiy Mylovanov (University of Pennsylvania)
Toulouse : TSE, 4 décembre 2012, 11h00–12h30, salle MD002
We show that, in environments with independent private values and transferable utility, a privately informed principal can solve her mechanism selection problem by implementing an allocation that is ex-ante optimal for her. No type of the principal can gain from proposing an alternative mechanism...
William Fuchs (University of California - Berkeley)
Toulouse : TSE, 3 décembre 2012, 17h00–18h30, salle MD 002
We study a dynamic market with asymmetric information that creates the lemons problem. We compare efficiency of the market under different assumptions about the timing of trade. We identify positive and negative aspects of dynamic trading, describe the optimal market design under regularity...
Christian Fons-Rosen (Universitat Pompeu Fabra)
TSE, 3 décembre 2012, 14h00–15h30, salle MF 323
This paper uses the entry of foreign firms into Central and Eastern Europe (CEE) during the 1990s to analyse the effect on knowledge flows and identify the underlying transmission mechanism. Using patent citations as a measure of knowledge flows, the project analyses whether inventors located in...
Stavros Panageas (University of Chicago)
TSE, 3 décembre 2012, 12h30–14h00, salle MF 323
Investors, firms, and intermediaries are located on a circle. Intermediaries facilitate risk sharing by allowing investors at their location to invest in firms at other locations. Participation in distant markets is costly, the more so the more distant these markets. Although investors at any...
Yuya Takahashi (University of Mannheim)
Toulouse : TSE, 3 décembre 2012, 11h00–12h15, salle MF 323
We develop a dynamic model of new store openings and closings with spatial competition and an entry regulator in a continuous-time framework. In the model, opportunities to open a new store or to close an existing store arrive randomly. If a firm receives the opportunity, it decides whether to send...
Antonio Russo (European University Institute)
Toulouse : TSE, 30 novembre 2012, 11h00–12h30, salle MS 001
This paper studies the political economy of urban traffic policy. First, it examines how the institutional setup affects the policy adopted by local governments. A city council and a regional government (representing city and suburbs), elected by majority voting, decide respectively on parking fees...
Siège de la Banque de France, Paris, 30 novembre 2012
Ho Cheung Cheng (Toulouse School of Economics)
Toulouse : TSE, 29 novembre 2012, 13h45–14h00, salle MF 323
Traditionally, contract design focus on finding optimal price schedule to induce effort, but the timing of payment is not discussed. In the simplest Principal-Agent model, agent is paid to provide good or service, which quality depends on his effort. Principal also has the choice of amount to pay....
Frederico Finan (University of California - Berkeley)
Toulouse : TSE, 29 novembre 2012, 11h00–12h30, salle MF 323
We study a recent recruitment drive for public sector positions in Mexico. Different salaries were announced randomly across recruitment sites, and job offers were subsequently randomized. Screening relied on exams designed to measure applicants' intellectual ability, personality, and motivation....
Martin Weidner (University College London)
Toulouse : TSE, 27 novembre 2012, 15h30–17h00, salle MS 001
In this paper we study the Gaussian quasi maximum likelihood estimator (QMLE) in a linear panel regression model with interactive fixed effects for asymptotics where both the number of time periods and the number of cross-sectional units go to infinity. Under appropriate assumptions we show that...
