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Luigi Pistaferri (Stanford University)
Toulouse : TSE, 6 décembre 2011, 15h30–17h00, salle Amphi S
We provide a lifecycle framework for comparing the insurance value of disability benefits and the incentive cost. We estimate the risks that individuals face and the parameters governing the disability insurance program using longitudinal US data on consumption, health, disability insurance, and...
Matthieu Vignes (INRA Auzeville)
Toulouse : TSE, 6 décembre 2011, 14h00–15h30, salle MF 323
Modern technologies and especially next generation sequencing facilities are giving a cheaper access to genotype and genomic data measured on the same sample at once. This creates an ideal situation for multifactorial experiments designed to infer gene regulatory networks. The fifth “Dialogue for...
Joseph Harrington (Johns Hopkins University)
Toulouse : TSE, 6 décembre 2011, 11h00–12h30, salle Amphi S
A theory of tacit collusion is developed based on coordination through price leadership and less than full mutual understanding of strategies. It is common knowledge that price increases are to be at least matched but who should lead and at what price is not common knowledge. The steady-state price...
Patrick Bolton
6 décembre 2011, BDF, Paris
Mirko Wiederholt (Northwestern University)
Toulouse : TSE, 5 décembre 2011, 17h00–18h30, salle Amphi S
Why were people so unprepared for the global financial crisis, the European debt crisis, and the Fukushima nuclear accident? To address this question, we study a model in which agents make state-contingent plans - think about actions in different contingencies - subject to the constraint that...
Yiquan Gu (University of Liverpool - Management School)
Toulouse : TSE, 5 décembre 2011, 11h00–12h30, salle MS003
Including the entry decision in a Bertrand model with imperfectly informed consumers,we introduce a trade-off at the level of socialwelfare. On the one hand, market transparency is beneficial when the number of firms is exogenously given. On the other, a higher degree of market transparency implies...
Aurélien Alfonsi (CERMICS-ENPC)
Toulouse : TSE, 2 décembre 2011, 13h45–15h00, salle MS 003
We analyze the existence of price manipulation and optimal trade execution strategies in a model for an electronic limit order book with nonlinear price impact and exponential resilience. Our main results show that, under general conditions on the shape function of the limit order book, placing...
Thomas Chaney (University of Chicago)
Toulouse : TSE, 2 décembre 2011, 12h30–14h00, salle MF 323
The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade between two countries is proportional to their respective sizes, measured by their GDP, and inversely proportional to the geographic distance between them. While the role of...
David Laibson (Harvard University)
Toulouse : TSE, 1 décembre 2011, 15h30–17h00, salle MS003
How does an economy behave if (1) fundamentals are truly hump-shaped, exhibiting momentum in the short run and partial mean reversion in the long run, and (2) agents do not know that fundamentals are hump-shaped and base their beliefs on parsimonious models that they fit to the available data? A...
Isaac Mbiti (Southern Methodist University)
Toulouse : TSE, 1 décembre 2011, 11h00–12h30, salle MF 323
This paper estimates the causal effect of attending an elite (or high performing) secondary school on student achievement using data from Kenyan secondary schools. The admission of students into government secondary schools in Kenya is centralized and is based solely on student scores on the...
