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Davy Paindaveine (Université Libre de Bruxelles-ECARES)
Toulouse : TSE, 10 mai 2011, 14h00–15h30, salle MF 323
A new multivariate concept of quantile, based on a directional version of Koenker and Bassett's traditional regression quantiles, is introduced for multivariate location and multiple-output regression problems. In their empirical version, those quantiles can be computed efficiently via linear...
Martin Cripps (UCL)
Toulouse : TSE, 10 mai 2011, 11h00–12h30, salle Amphi S
Martin Eichenbaum (New York University)
Toulouse : TSE, 9 mai 2011, 17h00–18h30, salle Amphi S
Some booms in housing prices are followed by busts. Others are not. In either case it is difficult to find observable fundamentals that are correlated with price movements. We develop a model consistent with these observations. Agents have heterogeneous expectations about long-run fundamentals but...
Ulrich Hege (HEC Paris)
TSE, 9 mai 2011, 12h30–14h00, salle MF 323
We model the decision by private equity to bid for corporate assets, and analyze interactions between the bidding of private equity and strategic buyers. The model predicts that seller gains depend on the type of buyer. The aggressiveness of private equity bidding is related to expectations about...
Ruediger Pethig (University of Siegen)
Toulouse : TSE, 9 mai 2011, 11h00–12h30, salle Amphi S
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world fossil energy resources (= world carbon emissions). Policy in-struments at the governments’ disposal are sign-unconstrained emission taxes. Our focus is on the simple and pragmatic...
Toulouse, France, 5–6 mai 2011
David Thesmar (HEC)
26 avril 2011
Alberto Bisin (University of New York)
Toulouse : TSE, 21 avril 2011, 15h30–17h00, salle MF 323
Jana Friedrichsen (University of manheim)
Toulouse : TSE, 21 avril 2011, 12h45–14h00, salle MF 323
What makes a good valuable are not only its intrinsic characteristics but also the image associated with it. I model quality provision by a monopolist when consumers have private information about their preference for quality and their image concern. Image concerns never increase the total amount...
Thomas Lim (Université Paris 7)
Toulouse : TSE, 21 avril 2011, 12h30–14h00, salle MS 003
In this paper, we study the exponential utility maximization problem in an incomplete market with a default time inducing a discontinuity in the price of stock. We first consider the case of strategies valued in a compact set. Using a verification theorem, we prove that the value function...
