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27–29 mai 2024, salle Auditorium 3 - Jean-Jacques Laffont
Pat Akey (University of Toronto - Rotman School of Management)
Toulouse : TSE, 24 mai 2024, 14h00–15h15, salle Auditorium 4
The Fama-French factors are ubiquitous in empirical finance. We find that factor returns differ substantially depending on when the data were downloaded, and only a small portion of these retroactive changes is explained by revisions to the underlying data. We show that these changes have large...
Laurent Miclo (Toulouse School of Economics)
Toulouse : TSE, 23 mai 2024, 11h00–12h15, salle Auditorium 5
We introduce and analyse the almost sure convergence of a stochastic algorithm for the global minimisation of smooth functions. This diffusion process is called fraudulent because it requires the knowledge of minimal value of the function. Nevertheless, its investigation is not without interest,...
Lucia Corno (Cattolica University)
23 mai 2024, 11h00–12h30, salle Auditorium 4
Female Genital Cutting (FGC) is an extremely harmful tradition that persists in many regions worldwide, imposing severe adverse effects on women’s health and human capital accumulation. This paper evaluates the effectiveness of two interventions designed to reduce the incidence of FGC among...
TSE, 23–24 mai 2024, salle Auditorium 3
Banque de France, Paris, 22–23 mai 2024
Sebastian Otero (Columbia University)
TSE, 21 mai 2024, 15h30–16h50, salle Auditorium 4
We study the consequences of affirmative action in centralized college admissions systems. We develop an empirical framework to examine the effects of a large-scale program in Brazil that required all federal institutions to reserve half their seats for socioeconomically and racially marginalized...
Marijn Keijzer ( IAST)
21 mai 2024, 14h00–15h15, Auditorium 3, salle Auditorium 3
Historically, research on political polarization has focused on the divergence of attitudes through reasoning, deliberation, or biased information processing. But, despite a general perception that polarization is increasing, the divergence of attitudes at the macro and the micro-level finds only...
Michael McMahon (Oxford University)
TSE, 21 mai 2024, 14h00–15h30, salle Auditorium 4
Policymakers communicate complex messages to multiple audiences; we investigate how complexity impacts messages `getting through' effectively. We distinguish `semantic' complexity - the focus of existing empirical studies - from `conceptual' complexity, which better reflects information-processing...
Sylvain Carré (Université Paris-Dauphine)
21 mai 2024, 11h30–12h30, BDF, Paris, salle 4GH & Online
We construct a tractable general equilibrium model of DeFi lending to shed light on the role of pricing rules. We determine how the rule controls key equilibrium variables such as the utilization rate. Our model delivers a measure of welfare which incorporates the DeFi borrowing rate and the...
