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Michael Riordan (University of Columbia)
TSE, 8 octobre 2012, 14h00–15h30, salle MF 323
Using copulas to model the stochastic dependence of values, this paper establishes new general conditions for the profitability of product bundling. A multiproduct monopolist generally achieves higher profit from mixed bundling than from separate selling if consumer values for two of its products...
Christian Julliard (London School of Economics)
IDEI, 8 octobre 2012, 12h30–14h00, salle MF 323
We study a broad class of asset pricing models in which the stochastic discount factor (SDF) can be factorized into an observable component and a potentially unobservable, model-specific, one. Exploiting this decomposition we derive new entropy bounds that restrict the admissible regions for the...
Tatiana Zhuravleva (Toulouse School of Economics)
TSE, 8 octobre 2012, 12h30–13h30, salle MS 003
Using a panel micro data set from the Russian Longitudinal Monitoring Survey for 2000-2009 we analyze the conditional and unconditional wage differentials between the private and the public sectors, and the determinants of the selection between the two sectors. Using various econometric estimates...
Sylvain Chabé-Ferret (Toulouse School of Economics)
TSE, 5 octobre 2012, 12h30–13h30, salle MS003
Aljaz Ule (University of Amsterdam)
Toulouse : TSE, 4 octobre 2012, 15h30–17h00, salle AMPHI S
Coordination on focal points in one shot games can often be explained by team reasoning, a departure from individualistic choice theory. However, a less exotic explanation of coordination, based on best-responding to uniform randomisation, could explain much of the same data. We test the team...
Gerard Padro i Miquel (London School of Economics)
Toulouse : TSE, 4 octobre 2012, 11h00–12h30, salle MS001
This study examines how heterogeneity in religious beliefs in rural villages interacts with the introduction of elections in determining local public goods. First, we document religious composition and the introduction of local elections in rural China during the post-Mao reform era. Then, to...
Xiaohong Chen (University of Yale)
Toulouse : TSE, 2 octobre 2012, 15h30–17h00, salle MS 001
Paper 1 -- (pdf file) "Sieve Inference on Possibly Misspecified Semi-nonparametric Time Series Models"(authors: Xiaohong Chen, Zhipeng Liao and Yixiao Sun) . This paper provides a general theory on the asymptotic normality of plug-in sieve M estimators of possibly irregular functionals of semi-...
Jakub Steiner (University of Northwestern - Kellogg School of Management and University of Charles in Prague)
Toulouse : TSE, 2 octobre 2012, 11h00–12h30, salle MF 323
We study the effect of frequent trading opportunities and categorization on pricing of a risky asset. Frequent opportunities to trade lead to large distortions in prices if some agents forecast future prices using a simplified model of the world that fails to distinguish between some states. In the...
Alessandro Pavan (University of Northwestern)
TSE, 1 octobre 2012, 14h00–15h30, salle MF323
We study information acquisition in a flexible framework with strategic complementarity or substitutability in actions and a rich set of externalities that are responsible for possible wedges between the equilibrium and the efficient acquisition of information. First, we relate the (in)efficiency...
Margaret Leighton (Toulouse School of Economics)
TSE, 1 octobre 2012, 12h30–13h30, salle MS 001
We propose a model of education which captures both the human capital formation and self-discovery aspects of years of schooling. We posit that broad education emphasises the later, while specialised studies favour the accumulation of job-relevant skills. To account for selection into broad studies...
