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Palais Brongniart, Paris, France, 1 juin 2010
Ricardo Reis (Columbia University)
Toulouse : TSE, 31 mai 2010, 17h00–18h30, salle MF 323
Over the past two years, the Federal Reserve has extended credit to several institutions, intervening in several financial markets. This paper provides a model to analyze the relative effectiveness of the different policies of injecting liquidity in different markets. The three key ingredients of...
David Skeie (Federal Reserve Bank of New York)
TSE, 31 mai 2010, 12h30–14h00, salle MC 203
A major lesson of the recent financial crisis is that the interbank lending market is crucial for banks facing large uncertainty regarding their liquidity needs. This paper studies the efficiency of the interbank lending market in allocating funds. We consider two different types of liquidity...
Christian Traeger (Berkeley)
Toulouse : TSE, 31 mai 2010, 11h00–12h30, salle MF 323
The paper extends a dynamic version of the classical von Neumann-Morgenstern setting to incorporate a degree of confidence in or subjectivity of probabilistic beliefs. It provides a simple axiomatic characterization of a new preference representation that addresses ambiguity from a simple...
Friederike Mengel (Universite de Maastricht)
Toulouse : TSE, 27 mai 2010, 15h30–17h00, salle MF 323
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...
David Pacini (TSE)
Toulouse : TSE, 27 mai 2010, 12h45–14h00, salle MF 323
We examine what can be learned about the correlation between Y and X when data are available from two independent random samples; the first sample gives information on variables (Y;Z), while the second sample gives information on (X;Z). The variable Z has the same distribution in both samples, but...
Laura Schechter (University of Wisconsin, Madison)
Toulouse : TSE, 27 mai 2010, 11h00–12h30, salle MF 323
While vote-buying is common, most models of elections suggest it should not exist given that politicians and voters cannot credibly commit. We argue that vote-buying is sustained by an internalized norm of reciprocity. Receiving money engenders feelings of obligation, while not receiving money...
Toulouse, France, 27–29 mai 2010
Makoto Watanabe (Universidad Carlos III)
Toulouse : TSE, 25 mai 2010, 11h00–12h30, salle MF 323
Toulouse, France, 21–22 mai 2010