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Mikhail Klimenko (Georgia Institute of Technology)
Toulouse : TSE, 23 juin 2009, 11h00–12h30, salle MF 323
Why are some trade agreements concluded for a limited period of time while others have the form of evergreen contracts supplemented with an advance termination notice clause? We use a dynamic incomplete contracting model to demonstrate that the time structure of the trade agreement is related to...
Emmanuel Farhi (Harvard University)
Toulouse : TSE, 22 juin 2009, 17h00–18h00, salle MF 323
Manufacture des Tabacs, Toulouse, France : PRES/TSE, 19–20 juin 2009
Konrad Raff (GREMAQ TSE)
Toulouse : TSE, 18 juin 2009, 12h45–14h00, salle MC 205
The paper studies the interaction between corporate governance standards in different firms and uncovers an information externality. Investors engage in costly monitoring to evaluate CEO performance and take informed firing decisions. When firms are exposed to a common shock an externality arises:...
Toulouse, France, 18–19 juin 2009
Estelle Cantillon (ULB Bruxelles)
Toulouse : TSE, 16 juin 2009, 11h00–12h30, salle MF 323
This paper uses unusual data -- consisting of agents' strategically reported preferences as well as their underlying true preferences -- to study strategic behavior in the course-allocation mechanism used at Harvard Business School. We show that the mechanism is manipulable in theory, manipulated...
François Gourio (Boston University)
Toulouse : TSE, 15 juin 2009, 17h00–18h30, salle MF 323
In order to develop a model that fits both business cycles and asset pricing facts, this paper introduces a small, time-varying risk of economic disaster in an otherwise standard real business cycle model. This simple feature can generate large and volatile risk premia. The paper establishes two...
Aleksey Tetenov (Collegio Carlo Alberto)
Toulouse : TSE, 15 juin 2009, 15h30–17h00, salle MF 323
Planners of surveys and experiments that partially identify parameters of interest face trade offs between using limited resources to reduce sampling error or to reduce the extent of partial identification. Researchers who previously attempted evaluating these trade offs used the length of...
Tatiana Komarova (London School of Economics)
Toulouse : TSE, 15 juin 2009, 14h00–15h30, salle MF 323
In semiparametric binary response models, support conditions on the regressors are required to guarantee point identification of the parameter of interest. For example, one regressor is usually assumed to have continuous support conditional on the other regressors. In some instances, such...
Ivar Ekeland (University of British Columbia)
TSE, 15 juin 2009, 12h30–14h00, salle MF 323
