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Toulouse, France, 24–25 avril 2012
Alan Manning (London School of Economics)
Toulouse : TSE, 23 avril 2012, 17h00–18h30, salle Amphi S
This paper develops a simple and empirically tractable model of la- bor demand to explain recent changes in the occupational structure of employment as a result of technology, offshoring and institutions. This framework takes account not just of direct effects but indirect effects through induced...
Pauli Murto (Aalto University)
TSE, 23 avril 2012, 12h30–14h00, salle MF 323
We introduce a post-entry liquidity constraint to the classic real option model of a firm with serially correlated profitability and an irreversible exit decision. We assume that a firm with no cash holdings and negative cash flow is forced to exit regardless of its future prospects. This creates a...
Mireille Chiroleu Assouline (PSE)
Toulouse : TSE, 23 avril 2012, 11h00–12h30, salle Amphi S
Climate change is a worldwide issue that needs to be tackled. One of the primary source of carbon emissions is deforestation and forest degradation responsible of anthropogenic GHG emissions in a range of 12% (Van der Werf et al. (2009)) to 15-20% (IPCC (2007a, 2007b)). To deal with the...
Henry Hansmann (Yale)
Toulouse : IAST, 19 avril 2012, 15h30–17h00, salle MF323
Industrial foundations are nonprofit holding companies that own business firms. These entities are common in Northern Europe, and many successful international companies are owned in thus fashion. Because of their strong economic performance and unusual combination of nonprofit and for-profit...
Mark Watson (University of Princeton)
Toulouse : TSE, 17 avril 2012, 15h30–17h00, salle Amphi S
This paper considers nonstandard hypothesis testing problems that involve a nuisance parameter. We establish a bound on the weighted average power of all valid tests, and develop a numerical algorithm that determines a feasible test with power close to the bound. The approach is illustrated in six...
Olivier Guéant (Université Paris Diderot)
Toulouse : TSE, 6 avril 2012, 13h45–15h00, salle MF 323
Two related papers will be presented that rely on the same mathematical finding. The first one "Dealing with the inventory risk" solves the Avellaneda-Stoikov problem. It corresponds to the case of a market maker who has to continuously set a bid and a ask quote and we derive the optimal quotes...
Marta Menendez (Université Paris Dauphine)
Toulouse : TSE, 5 avril 2012, 11h00–12h30, salle MF 323
This paper studies the impact of globalization on household income inequality and poverty using detailed microdata across Brazilian states from 1987 to 2005. Results suggest that trade liberalization contributes to growth in poverty and inequality in urban areas and may be linked to reductions in...
Toulouse, France, 5–6 avril 2012
Philippe Aghion (Harvard University)
Toulouse : TSE, 4 avril 2012, 12h30–14h00, salle AMPHI S
With Emmanuel Farhi and Ennis Kharroubi
