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Christopher Rauh (Universitat Autonoma de Barcelona)
Toulouse : TSE, 15 mars 2012, 12h45–14h00, salle MF 323
Minorities in many countries have been found to have lower participation rates in self-employment. In this paper we introduce beliefs as a channel of persistent discrimination in self-employment despite perfect observability of individual ability. In the theoretical model individuals can become...
Charles Bellemare (Université de Laval)
Toulouse : TSE, 13 mars 2012, 15h30–17h00, salle Amphi S
We present results from a field experiment designed to measure the importance of managerial commitment to a contract within a firm that pays its workers piece rates. In the tree planting industry the piece rate paid to workers is determined as a function of the difficulty of the terrain to be...
Francis Bloch (Ecole Polytechnique)
Toulouse : TSE, 13 mars 2012, 11h00–12h30, salle Amphi S
We analyze the problem of optimal monopoly pricing in social networks in order to characterize the influence of the network topology on the pricing rule. It is shown that this influence depends on the type of providers (local versus global monopoly) and of externalities (consumption versus price)....
Seppo Honkapohja (Bank of Finland)
Toulouse : TSE, 12 mars 2012, 17h00–18h30, salle Amphi S
Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers for government purchases are significantly higher under learning, and fall...
Vicky Henderson (The Oxford-Man Institute)
TSE, 12 mars 2012, 12h30–13h45, salle MF 323
Executives compensated with stock options generally receive grants periodically and so on any given date, may have a portfolio of options of differing strikes and maturities on their company’s stock. Non-transferability and trading restrictions in the company stock result in the executive facing...
Renaud Coulomb (PSE)
Toulouse : TSE, 12 mars 2012, 11h00–12h30, salle Amphi S
Capturing CO2 from fossil fuels burning using Carbon Capture and Storage (CCS) technology or producing energy based on low-carbon renewables require investments in specific forms of long-life clean capital. The present paper focuses on the optimal accumulation of clean capital when the carbon-...
Drew Fudenberg (Harvard)
Toulouse : IAST, 8 mars 2012, 17h20–18h50, salle MS001
The standard dual-self model of self-control, with a shorter-run self who cares only about the current period, is excessively sensitive to the timing of decisions and to the interpolation of additional “no-action” time periods in between the dates when decisions are made.We show that when the...
Toulouse : IAST, 8 mars 2012, 15h30–17h00, salle MS 001
Ekaterina Zhuravskaya (Paris School of Economics)
Toulouse : TSE, 8 mars 2012, 11h00–12h30, salle MF 323
Using a measure of tunneling out of Russian firms, constructed from banking transactions data as transfers of cash out of legitimate to fly-by-night firms, we show that firms that get public procurement contracts exhibit abnormally high tunneling rates within four weeks of regional elections. In...
Philippe Février (CREST-ENSAE)
Toulouse : TSE, 6 mars 2012, 15h30–17h00, salle Amphi S
This paper unifies and extends several recent nonparametric identification results on IV models by showing that they all satisfy what we call an induction property. This property states that if the structural function is identified at a given point, then it is also identified at another point....
