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Hillel Rapoport (Bar Ilan University)
Toulouse : TSE, 17 juin 2010, 11h00–12h30, salle MF 323
International migration is certainly one of the most effective way to alleviate poverty at a global level. When a given host country allows more immigrants in, this creates costs and benefits for that particular country as well as a positive externality for all those who care about world poverty....
Glen Weyl (Harvard University)
Toulouse : TSE, 15 juin 2010, 15h30–17h00, salle MC 201
Marschak (1953) suggested that applied research should begin by determining the minimal set of assumptions and data needed to make a prediction of interest. Standard identification analyses correspond poorly to this search, as they have either stringent data (local average treatment effects/IV and...
Toulouse, France, 14–16 juin 2010
Toulouse, France, 10–11 juin 2010
Marc Henry (Université de Montréal)
Toulouse : TSE, 8 juin 2010, 15h30–17h00, salle MC 201
Models with unobserved heterogeneity, hidden Markov chains, and many other econometric models are based on mixtures of distributions. It seems crucial to have a general approach to identify them nonparametrically. Yet the literature so far only contains isolated examples, applied to specific models...
Guido Lorenzoni (MIT)
Toulouse : TSE, 7 juin 2010, 17h00–18h30, salle MC201
Ilya Strabulaev (Stanford University)
TSE, 7 juin 2010, 12h30–14h00, salle MC 204
The traditional regression methodology of estimating “optimal” capital structure is profoundly misspecified if firms follow dynamic financial policies. Instead, capital structure researchers, under many reasonable scenarios, should estimate the conditional mode of the leverage distribution. This...
Toulouse : TSE, 3 juin 2010, 11h00–12h30, salle MF 323
A holdout problem arises when a disparately-owned good is desired by a prospective buyer only in its entirety, as in land assembly. Market design is then crucial, as fully respecting property rights of many sellers eventually eliminates all trade. We propose a Concordance principle, inspired by the...
Andrea Cerioli (University of Parma)
Toulouse : TSE, 1 juin 2010, 14h00–15h30, salle MF 323
An effective method for outlier detection should both identify a large portion of the outliers when they are present in the data, and provide a small number of false alarms when there is no contamination. However basic they may seem, these conflicting requirements are the enemy brothers of...
Jean-Charles Rochet (Swiss Banking Institute, University of Zurich, SFI and Toulouse School of Economics)
Toulouse : TSE, 1 juin 2010, 11h00–12h30, salle MF 323
This article offers a formal model of the stakeholder corporation. It starts with the observation that when firms' choices of investment influence the probability distributions of their output, profit maximization and competitive behaviour do not lead to Pareto optimality. This is because firms...