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Stefan Ambec (Toulouse School of Economics)
Toulouse : TSE, 3 juin 2024, 11h00–12h30, salle Auditorium 4
Public consultations are widely used in regulatory processes. They are intended to allow stakeholders (firms, NGOs, the civil society) to present their viewpoints and to provide information useful for the decision, even though their own interests are biased. We develop a framework to analyze...
Toulouse, TSE/IAST Building, 3–4 juin 2024
David Martinez-Miera (UC3M)
Toulouse : TSE, 31 mai 2024, 14h00–15h15, salle Auditorium 4
We analyze the e¤ect of bank capital requirements on the structure and risk of a nancial system where markets, regulated banks, and shadow banks coexist. Banks face a moral hazard problem in screening entrepreneursprojects, and they choose whether to be regulated or not. If regulated, a supervisor...
Warsaw, mai 2024
Zhou Chen (University of Rotterdam - Erasmus;Erasmus School of Economics, Netherlands)
Toulouse : TSE, 30 mai 2024, 11h00–12h15, salle Auditorium 5
In this paper we estimate the sparse dependence structure in the tail region of a multivariate random vector, potentially of high dimension. The tail dependence is modeled via a graphical model for extremes embedded in the H¨usler-Reiss distribution (Engelke and Hitz, 2020). We propose the extreme...
Lorenzo Casaburi (Zurich University)
30 mai 2024, 11h00–12h30, salle Auditorium 4
Many regions in sub-Saharan Africa are experiencing increasing rates of land formalization and land market transactions. However, data constraints have limited progress in understanding the determinants and impact of such a process. We leverage parcel-level administrative data from the Uganda Land...
TSE, 30–31 mai 2024, salle Auditorium A3 Jean-Jacques Laffont
Robin Lee (Harvard University)
TSE, 28 mai 2024, 15h30–16h50, salle Auditorium 4
We investigate how formularies used by pharmacy benefit managers (PBMs) to steer consumer demand can constrain spending by affecting manufacturer rebates for branded drugs. We present a theoretical model of multidimensional contracting in which a PBM offers multiple drug manufacturers a menu of...
Edouard Challe (European University Institute)
TSE, 28 mai 2024, 14h00–15h30, salle Auditorium 4
We study optimal monetary policy in a tractable Small Open Economy Heterogeneous-Agent New Keynesian (SOE-HANK) model in which households face uninsured idiosyncratic risk and unequal bond market access. We derive conditions under which optimal policy in our SOEHANK economy entails domestic...
Robert Metcalfe (University of Southern California)
Toulouse : TSE, 27 mai 2024, 11h00–12h15, salle Auditorium 4
What are the most effective ways to address climate change? This paper extends and applies the marginal value of public funds (MVPF) framework to help answer this question. We examine around 100 US environmental policy changes studied over the past 25 years. These policies span subsidies (wind,...
