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Pablo Kurlat (Stanford University)
Toulouse : TSE, 10 octobre 2011, 17h00–18h30, salle Amphi S
The Dodd-Frank Act will eliminate the requirement that credit products must be rated before they can be sold to banks and pension funds. Supporters argue that if the information in ratings is valuable, issuers or investors will choose to buy the information, even without the requirement. But free-...
Alexander Ljungqvist (University of New York)
TSE, 10 octobre 2011, 12h30–14h00, salle MF 323
We evaluate differences in investment behavior between stock market listed and privately held firms in the U.S. using a rich new data source on private firms. Listed firms invest less and are less responsive to changes in investment opportunities compared to observably similar, matched private...
Carlos Noton (University of Warwick)
Toulouse : TSE, 10 octobre 2011, 11h00–12h30, salle MF 323
We reveal bargaining power between upstream manufacturers and downstream supermarkets using proprietary data on product-specific wholesale and retail prices of the two largest supermarket chains in Chile. We study two dimensions of players’ bargaining power: the share of total profits each earns,...
Evanston, Illinois, 9–10 octobre 2011
Julio Rotemberg (Harvard Business School)
Toulouse : IAST, 7 octobre 2011, 15h30–17h00, salle MS 003
This paper presents a model in which anonymous charitable donations are rationalized by two human tendencies drawn from the psychology literature. The first is people’s disproportionate disposition to help those they agree with while the second is the dependence of peoples’ self-esteem on the...
Léopold Simar (Université Catholique de Louvain)
Toulouse : TSE, 7 octobre 2011, 13h45–15h00, salle MS 003
Fernando Vega-Redondo (European University Institute)
Toulouse : TSE, 6 octobre 2011, 15h30–17h00, salle MF 323
We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call \globalization." This term refers to the process by which even agents who are geographically far apart come to interact, thus overcoming what would otherwise be a fast saturation of local...
Daniel Harenberg (University of Mannheim-CDSE)
Toulouse : TSE, 6 octobre 2011, 12h45–14h00, salle MF 323
We analytically characterize and quantitatively evaluate the welfare effects of expanding the US PAYG financed social security system in an overlapping generations model with idiosyncratic and aggregate risk. We contrast gains from improved inter-generational risk sharing and...
Brian McCaig (Australian National University)
Toulouse : TSE, 6 octobre 2011, 11h00–12h30, salle MF 323
Frank Verboven (KU Leuven)
Toulouse : TSE, 4 octobre 2011, 15h30–17h00, salle Amphi S