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Gerard Padro i Miquel (LSE, NBER and BREAD)
Toulouse : TSE, 21 octobre 2010, 11h00–12h30, salle MF 323
This paper studies the impact of an increase in local leader accountability within an authoritarian regime by examining the effect of the introduction of village level elections in rural China. We collect a unique nationwide survey on the history of electoral reforms in 217 rural Chinese villages (...
Jan Johannes (University of Heidelberg)
Toulouse : TSE, 19 octobre 2010, 14h00–15h30, salle MF 323
Piero Gottardi (European University Institute)
Toulouse : TSE, 19 octobre 2010, 11h00–12h30, salle MF 323
We study a general equilibrium model with production where financial markets are incomplete. At a competitive equilibrium firms take their production and financial decisions so as to maximize their value. We show that shareholders unanimously support value maximization. Furthermore, competitive...
Ernesto Pasten (TSE-GREMAQ)
Toulouse : TSE, 18 octobre 2010, 12h30–14h00, salle MF 323
I study the time-inconsistency problem of financial bailouts when entrepreneurs (banks) correlate their aggregate risk exposure, events of "liquidity evaporation" may be triggered during financial distress, and the authority internalizes the future effects of its policies. I find that supporting...
Stéphan Marette (INRA de Grignon)
Toulouse : TSE, 18 octobre 2010, 11h00–12h30, salle MF 323
The results of a lab experiment detailing consumers’ valuations for the environment are used for estimating the welfare impact of a tax, a minimum-quality standard, and a label. Two approaches using consumers’ valuations from the same experiment are considered for estimating welfare changes. The...
Senay Sokullu (GREMAQ - TSE)
Toulouse : TSE, 14 octobre 2010, 14h00–15h30, salle MF 323
This paper considers an empirical semiparametric model for two sided markets. Contrary to existing empirical literature on two sided markets, we do not rely on linear network effects and we specify them nonparametrically. The probability distribution functions of the two sides are not specified...
Anne Vanhems (TSE-ESC/Toulouse)
Toulouse : TSE, 14 octobre 2010, 12h30–14h00, salle MC 205
This paper studies the distribution of welfare effects when individual demands are characterized by a nonseparable model which is monotonic in unobserved heterogeneity. First, we provide and discuss conditions under which the heterogeneous welfare effects are identified. We then propose a sample...
Toulouse, France, 14 octobre 2010
Peter Reinhard Hansen (Stanford University)
Toulouse : TSE, 12 octobre 2010, 15h30–17h00, salle MF 323
David Levine (Washington University in Saint Louis)
Toulouse : TSE, 12 octobre 2010, 11h00–12h30, salle MF 323
The dual self-model of self-control with one-period lived short-run selves is excessively sensitive to the timing of shocks and to the interpolation of additional “noaction” time periods in between the dates when decisions are made. We show that when short-run selves have a random length of time...
