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Jieying Hong (Toulouse School of Economics)
Toulouse : TSE, 18 octobre 2012, 12h45–14h00, salle MF 323
The recent financial crisis calls the return of conglomerates to deal with credit crunch. The conventional wisdom is that conglomerates relax financial constraints thanks to diversification. However, conglomerates bring multiple projects under the same top manager, and therefore increase the...
Pamela Jakiela (University of Maryland)
Toulouse : TSE, 18 octobre 2012, 11h00–12h30, salle MF 323
This paper measures the economic impacts of social pressures to share income with kin and neighbors in rural Kenyan villages. We conduct a lab experiment in which we randomly vary the observability of investment returns to test whether subjects reduce their income in order to keep it hidden. We...
Toulouse, France, 18–19 octobre 2012
Bo Honoré (University of Princeton)
Toulouse : TSE, 16 octobre 2012, 15h30–17h00, salle MS001
In this paper we use a novel duration (i.e. survival) model to study joint retirement in married couples using the Health and Retirement Study. Whereas conventionally used models cannot account for joint retirement, our model admits joint retirement with positive probability and nests the...
Mehmet Ekmekci (University of Northwestern - Kellogg School of Management)
Toulouse : TSE, 16 octobre 2012, 11h00–12h30, salle MS 001
We study tender offers for a firm which is owned by one large shareholder who holds less than half of the total shares, and many small shareholders who each hold a unit share. Each shareholder is privately informed, yet uncertain, about the raider’s ability to improve the value of the firm, whereas...
Michelle Rendall (University of Zurich)
Toulouse : TSE, 15 octobre 2012, 17h00–18h30, salle MS001
This paper investigates the role of education in the evolution of women’s role in the society—specifically, in the labor market and in the marriage market. In particular, it aims to understand the linkages between a set of socio-economic trends since the 1950s, which include (i) the falling...
Markus Reisinger (WHU – Otto Beisheim School of Management)
TSE, 15 octobre 2012, 14h00–15h30, salle MF 323
This paper develops a model of platform competition in media markets allowing viewers to use multiple platforms. This leads to a nonstandard form of competition between platforms, in which they do not steal consumers from each other, instead negatively affect the value of viewers who end up...
Nataliya Klimenko (Université Aix Marseille)
TSE, 15 octobre 2012, 12h30–14h00, salle MF 323
The top executives of banks made an important "contribution" to the 2007-09 financial crisis. Given short-term performance incentives, they were engaged in excessive risk-taking in order to receive immediate gains, without regard for the long-term consequences of management practices adopted. In...
Laura Hering (University of Rotterdam - Erasmus)
TSE, 15 octobre 2012, 12h30–13h30, salle MS 003
This paper aims at assessing the impact of environmental regulations on the export activity of firms in China. The environmental policy we study is the so-called Two Control Zones (TCZ) policy, which has been implemented in 1998. The aim of this policy was to reduce the sulfur dioxide (SO2)...
Julien Daubanes (CER-ETH, Zurich)
Toulouse : TSE, 15 octobre 2012, 11h00–12h30, salle MS 001
The resource literature has studied market and other equilibria extensively. Yet no systematic synthetic treatment of non-renewable resource supply has been provided. In this note, we examine the supply decision of individual resource suppliers facing given prices. We establish instantaneous...
