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Sebastian Galliani (University of Washington - Saint Louis)
Toulouse : TSE, 31 mai 2012, 11h00–12h30, salle MF 323
We use data from the Moving to Opportunity (MTO) experiment to estimate a model of neighborhood choice. The experimentally generated data is used for both estimation and out of sample validation. The experimental variation, which effectively randomizes the rents that households face, allows us to...
Jean-Charles Rochet (University of Zurich)
IDEI, 31 mai 2012, 11h00–12h30, salle MC202
Elise Janvresse (Université de Rouen)
Toulouse : TSE, 29 mai 2012, 14h00–15h30, salle MF 323
Stepphen Morris (University of Princeton)
Toulouse : TSE, 29 mai 2012, 11h00–12h30, salle Amphi S
We define a notion of correlated equilibrium for games with incomplete information in a general setting with finite players, finite actions, and finite states, which we call Bayes correlated equilibrium. The set of Bayes correlated equilibria of a fixed incomplete information game equals the set of...
Claudia Nunes (IST - Lisbon)
Toulouse : TSE, 25 mai 2012, 13h45–15h00, salle MF 323
Our paper contributes to the literature of technology adoption. In most of these models it is assumed that after the arrival of a new technology the probability of the next arrival is constant. We extend this approach by assuming that after the last technology jump the probability of a new arrival...
Victoria Vanasco (University California Berkeley et PSE)
Toulouse : TSE, 24 mai 2012, 12h45–14h00, salle MF 323
This paper presents a model of financial intermediation that emphasizes the dynamic nature of information acquisition conducted by intermediaries. I think of intermediaries as institutions that are able to learn and transfer relevant information about various economic sectors dynamically. In this...
Eliana La Ferrara (University of Bocconi)
Toulouse : TSE, 24 mai 2012, 11h00–12h30, salle MF 323
This paper explores the effects of different descent rules on human capital accumulation. In a context where parents are constrained in the possibility of passing land on to their children (e.g., because it is considered property of the extended family, or clan), investment in their children's...
Gaël Giraud (Paris School of Economics)
Toulouse : TSE, 22 mai 2012, 11h00–12h30, salle Amphi S
Roberto Pancrazi (Toulouse School of Economics)
Toulouse : TSE, 21 mai 2012, 17h00–18h30, salle AMPHI S
The last two decades have been characterized by a boom in the credit market for collateralized debt, namely mortgages and home equity loans, which led to a severe financial crisis. In this paper, we first document that players on both sides of the credit market, i.e. banks and households, were over...
Andrew Ellul (University of Indiana)
IDEI, 21 mai 2012, 12h30–14h00, salle MF 323
We provide new empirical evidence concerning the contentious debate over the use of historical cost versus fair value accounting in regulating financial institutions. These accounting rules, through their interactions with capital regulation, alter financial institutions’ optimal portfolio choice...
