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Juuso Välimäki (Aalto University)
Toulouse : TSE, 13 décembre 2011, 11h00–12h30, salle Amphi S
We consider equilibrium timing decisions in a model with informational externalities. A number of players have private information about a common payoff parameter that determines the optimal time to invest. The players learn from each other in a continuous-time multi-stage game by observing the...
Frédéric Malherbe (LBS)
13 décembre 2011, BDF, Paris
Vincenzo Quadrini (University of Southern California)
Toulouse : TSE, 12 décembre 2011, 17h00–18h30, salle Amphi S
The 2007-2009 crisis was characterized by an unprecedented degree of international synchronization as all major industrialized countries experienced large macroeconomic contractions around the date of Lehman bankruptcy. At the same time countries also experienced large and synchronized tightening...
David Sraer (University of Princeton)
TSE, 12 décembre 2011, 12h30–14h00, salle MF 323
We provide a theory and evidence for when the Capital Asset Pricing Model fails. When investors disagree about the common factor of cashows, high beta assets are more sensitive to this aggregate disagreement than low beta ones and hence experience a greater divergence-of-opinion about their cashows...
Raouf Boucekkine (Université Catholique de Louvain)
Toulouse : TSE, 12 décembre 2011, 11h00–12h30, salle Amphi S
Bas Van Der Klaauw (University of Amsterdam - Tinbergen Institute)
Toulouse : TSE, 8 décembre 2011, 17h00–18h30, salle Amphi MB II
Many countries regulate the supply of doctors by centrally fixing the number of places in medical schools. We estimate the return to gaining access to medical school in such a setting, by exploiting that admittance to medical school in the Netherlands is determined by a lottery. The earnings gain...
Denis Fougère (Sciences Po - Paris)
Toulouse : TSE, 8 décembre 2011, 15h30–17h00, salle Amphi MB II
Using several unique data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness and the impact of wage-setting institutions on wage rigidity. First, the average duration of wages is a little less than one year and around 10 percent of...
Marion Fourcade (Berkeley)
Toulouse : IAST, 8 décembre 2011, 15h30–17h00, salle MS001
How do we attribute a monetary value to non-market goods? This presentation offers a general sociological approach to this question. I argue that a full-blown sociology of economic valuation must solve three problems: the “why,” which refers to the general place of money as a metric for subjective...
Philipp Zahn (CDSE, University of Mannheim)
Toulouse : TSE, 8 décembre 2011, 12h45–14h00, salle Amphi S
Toulouse, France, 8–9 décembre 2011
