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Veronica Guerrieri (University of Chicago)
Toulouse : TSE, 20 juin 2011, 17h00–18h30, salle Amphi S
We develop a theory of equilibrium in asset markets with adverse selection. Traders can buy and sell an asset at any price. Sellers recognize that their trades may be rationed if they ask for a high price, while buyers recognize that they can only get a high quality good by paying a high price....
Muriel Fadairo (University of Lyon (Gate))
Toulouse : TSE, 20 juin 2011, 11h00–12h30, salle MF 323
This empirical note deals with the contractual design of relationships in distribution networks. In the framework of agency theory, I study the royalty rate as an incentive device for the upstream firm in maintaining brand-name value, using recent French data to estimate probit models. The results...
Armin Falk (Universität Bonn)
Toulouse : TSE, 17 juin 2011, 14h00–15h00, salle Amphi S
This paper studies how a "preference for consistency" can affect economic decision-making. We propose a two-period model where people have a preference for consistency because consistent behavior allows them to signal personal and intellectual strength. We then present three experiments that study...
Torsten Persson (IIES, Stockholm University)
Toulouse : TSE, 17 juin 2011, 11h00–12h00, salle Amphi S
To what extent have weather fluctuations in Africa affected infant mortality over the last fifty years? We investigate this question by combining individual level data, obtained from retrospective fertility surveys (DHS) for nearly a million births in 28 African countries, with data for weather...
Toulouse, France, 15–16 juin 2011
Barbara Petrongolo (London School of Economics)
Toulouse : TSE, 14 juin 2011, 15h30–17h00, salle Amphi S
We use data at the Census ward level to investigate the extent to which labor markets are "local". We present some non-structural estimates in which the probability of filling a vacancy is influenced by unemployment and vacancies in the surrounding areas, but we argue that these estimates cannot...
Marie Walschaerts
Toulouse : TSE, 14 juin 2011, 14h00–15h30, salle MS003
L'instabilité dans les modèles de sélection de variables est une préoccupation majeure dans le cas de jeux de données contenant un grand nombre de covariables. Cet article traite des méthodes de sélection de variables dans le cas des problèmes de grande dimension quand la variable d'intérêt est...
Bruno Jullien
Toulouse : TSE, 14 juin 2011, 11h00–12h30, salle Amphi S
We characterize the unique equilibrium in which high ability sellers always announce the quality of their items truthfully, in a repeated game model of experienced good markets with adverse selection on a seller's propensity to supply good quality items. In this equilibrium a seller's value...
Ulrike Malmendier (University of California - Berkeley)
Toulouse : TSE, 9 juin 2011, 15h30–17h00, salle MF 323
Jieying Hong
Toulouse : TSE, 9 juin 2011, 12h45–14h00, salle MF 323
From 2005 to 2008, over a dozen put warrants traded in China went so deep out of the money that they were almost certain to expire worthless. This bubble is unique in that the underlying stock prices make warrant fundamentals publicly observable and that warrants have predetermined finite...
