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Silvia Goncalves (Université de Montréal)
Toulouse : TSE, 2 mars 2010, 15h30–17h00, salle MF 323
In this paper we propose a bootstrap method for panel data linear regression models with individual fixed effects. The method consists of applying the standard moving blocks bootstrap of K¨unsch (1989) and Liu and Singh (1992) to the vector containing all the individual observations at each point...
Florence Puech (Université de Lyon II)
Toulouse : TSE, 2 mars 2010, 14h00–15h30, salle MF 323
Distance-based methods have been recently improved to evaluate the geographic concentration of economic activities. For these methods, the measurement of distances between all pairs of establishments is crucial. The Euclidean metric is systematically retained in the economic literature even...
Konrad Kai (Max Planck Institute for Intellectual Property)
Toulouse : TSE, 2 mars 2010, 11h00–12h30, salle MF 323
We study the effects of individual patriotic warm glow on tax compliance. A higher expected warm glow reduces the government’s optimal audit probability and yields higher tax compliance. Also, individuals with higher warm glow are less likely to evade taxes. We confirm the predictions on the...
Martin Ellison (University of Oxford)
Toulouse : TSE, 1 mars 2010, 17h00–18h00, salle MF 323
We defend the forecasting performance of the FOMC from the recent criticism of Christina and David Romer (2008). Our argument is that the FOMC forecasts a worst-case scenario that it uses to design robust decisions that will work well enough despite possible misspecification of its model. Our...
Charles N. Noussair (Tilburg University)
TSE, 1 mars 2010, 12h30–14h00, salle MF 323
We create an experimental asset market in which we conduct share repurchases and share issues. Although the intrinsic value of the shares is independent of the quantity outstanding, the interventions result in changes in asset price. We find that: (1) A repurchase of shares increases the price of...
Caspar Siegert (Munich Graduate School of Economics)
Toulouse : TSE, 18 février 2010, 12h45–14h00, salle MF 323
Repeatedly, bonuses and variable compensation of managers have been criticized as encouraging non-compliance and thereby ultimately harming a firm’s interest. Yet, this reasoning does not explain why companies found it optimal to offer a given contract in the first place. In particular, incentives...
Lisette Ibáñez (Universidad de los Andes)
Toulouse : TSE, 18 février 2010, 11h00–12h30, salle MF 323
Massive migrations due to civil war have raised the number of unskilled workers in cities in developing countries. Not only does civil war negatively affect forced migrants, but it also appear to contribute to deteriorating labor market conditions for all low skilled workers in destination cities....
Emre Aytimur
Toulouse : TSE, 11 février 2010, 12h45–14h00, salle MF 323
We study rent-seeking behaviour of political parties in a proportional representation system, assuming that the final policy choice of the parliament is a weighted average of parties' policy positions, weights being their vote shares. We find that the parties' policy preferences and their rent...
Philipp Kircher (University of Oxford and University of Pennsylvania)
Toulouse : TSE, 5 février 2010, 14h00–15h30, salle Amphi Guy Isaac
We investigate the role of search frictions in markets with price competition and how it leads to sorting of heterogeneous agents. There are two aspects of value creation: the match-value when two agents actually trade, and the probability of trading governed by the search technology. We show that...
Toulouse : Toulouse School of Economics, 5–6 février 2010
