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Arvind Krishnamurthy (Yale University)
Toulouse : TSE, 17 décembre 2009, 11h00–12h30, salle MF 323
This paper introduces habit formation into an otherwise standard model of international trade. Household tastes evolve over time to favor foods consumed as a child. In autarky, households prefer foodstuffs that are locally abundant and thus relatively inexpensive. The opening of trade causes a rise...
Galina Zudenkova (University Carlos III of Madrid)
Toulouse : TSE, 16 décembre 2009, 11h00–12h15, salle MD 102
Voters often split tickets, voting for candidates from different parties in simultaneous elections. In this paper, I apply a political agency framework with implicit incentives to study ticket splitting in simultaneous municipal and regional elections. I show that ticket splitting is a natural...
Giorgio Primiceri (Northwestern University)
Toulouse : TSE, 14 décembre 2009, 15h00–16h30, salle MF 323
We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries and find that it fits a...
Alex Edmans (Wharton)
IDEI, 14 décembre 2009, 12h30–14h00, salle MF 323
Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...
Serge Garcia (INRA-LEF)
Toulouse : TSE, 14 décembre 2009, 11h00–12h30, salle MF 323
The aim of our article is to understand consumer preferences for wood and competitive materials. Assuming that a wood product is composed of various attributes, we consider that consumers’ choices are not guided by observed characteristics but, instead, by the quality perception consumers have of...
Roland Bénabou (Princeton University)
Toulouse, France, 14–16 décembre 2009
Toulouse, France, 14–15 décembre 2009
Tomislav Vukina (North Carolina State University)
Toulouse : TSE, 10 décembre 2009, 11h00–12h30, salle MF 429
The objective of this paper is to determine whether the choice of payment schemes (hourly versus piece rates) can be systematically explained by the risk aversion of the workers that select them. Most of the previous empirical literature tested the inverse relationship between risk and incentives...
Isabel Ruhmer (Mannheim University)
Toulouse : TSE, 9 décembre 2009, 11h00–12h15, salle MC 205
One focus of the two-sided markets literature has been on testing the robustness of standard competition policy results. Price collusion between platforms, however, has not yet been studied. Starting from cartel cases involving two-sided markets, this paper takes a first step in analyzing collusion...
Roger Myerson (Nobel Prize 2007)
Toulouse, France, 9 décembre 2009
