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Guillaume Vigeral (Université Paris Dauphine)
Toulouse : TSE, 23 septembre 2011, 13h45–15h00, salle MS 003
We consider some two-player zero-sum stochastic games played on the circle. At each stage the state of the game rotates by an angle depending on the actions played by both players. For some fixed length of the game n, the goal of the first player is to maximize the Cesaro mean of the payoffs...
Biritta Augsburg (IFS)
Toulouse : TSE, 22 septembre 2011, 11h00–12h30, salle MF323
We use a randomized controlled trial to analyze the impact of microcredit on poverty reduction among Bosnian households without prior access to finance. The participants consist of 1,200 individuals that EKI, a Bosnian microfinance institution, would normally have just rejected on the basis of its...
Toulouse, France, 22–23 septembre 2011
Thierry Magnac (TSE)
Toulouse : TSE, 20 septembre 2011, 15h30–17h00, salle Amphi S
We propose a model of on-the-job human capital investments in which individuals differ in their initial human capital, their rate of return, their costs of human capital investments and their terminal values of human capital at retirement. We derive a tractable reduced form Mincerian model of log...
Philip Reny (University of Chicago)
Toulouse : TSE, 20 septembre 2011, 11h00–12h30, salle Amphi S
We formulate a definition of basic sequential equilibrium for multi-stage games with infinite type sets and infinite action sets, and we prove its general existence. We then explore several difficulties of this basic concept and propose a definition of extended sequential equilibrium to resolve a...
Juan Carlos Conesa (Universitat Autonoma de Barcelona)
Toulouse : TSE, 19 septembre 2011, 17h00–18h30, salle Amphi S
We develop a model of the sorts of sovereign debt crisis that have occurred recently in such European countries as Greece, Ireland, and Portugal. The government sets its expenditure-debt policy optimally given a fixed probability of a recovery in fiscal revenues. In doing so, the government can...
Olivier Beaumais (Université de Rouen)
Toulouse : TSE, 19 septembre 2011, 11h00–12h30, salle Amphi S
Using unique survey data of about 10,000 households from 10 OECD countries, including Czech Republic, Korea and Mexico, we examine whether attitudinal characteristics towards environment and water quality perception influence the decision to drink tap water or not. Nonparametric Mokken scale...
Arthur Van Soest (University of Tilburg)
Toulouse : TSE, 13 septembre 2011, 15h30–17h00, salle MF 323
An ever increasing number of experiments attempts to elicit risk preferences of a population of interest with the aim of calibrating parameters used in economic models. We are concerned with two types of selection effects, which may affect the external validity of standard experiments: Sampling...
Franck Portier (TSE)
Toulouse : TSE, 12 septembre 2011, 17h00–17h30, salle MF 323
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Ilan Kremer (Stanford University)
TSE, 12 septembre 2011, 12h30–14h00, salle MF 323
We analyze the optimal deposit insurance scheme that can prevent a liquidity run. We obtain a simple characterization of the optimal scheme. Based on this characterization, we examine how the insurance depends on the size of the investment. When comparing agents who are partially insured we show...
