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Fiorella De Fiore (BIS)
5 septembre 2023, 11h30–12h30, BDF, Paris, salle 3 Espace Conférence and Online
We document some stylized facts on big tech credit and rationalize them through the lens of a model where big techs facilitate matching on the e-commerce platform and extend loans. The big tech reinforces credit repayment with the threat of exclusion from the platform, while bank credit is secured...
Giacomo Lanzani (Harvard University)
Toulouse : TSE, 5 septembre 2023, 11h00–12h30, salle Auditorium 3
Elena Asparouhova
Toulouse : TSE, 7 juillet 2023, 11h00–12h45, salle Auditorium 4
We investigate how long an insolvent debtor can avoid default when survival is benecial to creditors collectively, but individual creditors gain by forcing early repayment. Theory predicts that the debt is not rolled over and default is immediate. With 23 experimental sessions, default is never...
Vincent Maurin ( Stockholm School of Economics) et Per Stromberg ( Stockholm School of Economics)
5 juillet 2023, BDF, Paris
Ananya Sen (Carnegie Mellon University)
4 juillet 2023, 14h00–15h00, Zoom Meeting
Firms increasingly leverage external data with an aim to unlock improvements in products and services, but it is challenging to measure the value of external data. Collaborating with a large Chinese technology company, we analyze a randomized field experiment where we manipulated access to the...
TSE Building, 29–30 juin 2023
Jean-Michel Lasry (Université Paris-Dauphine)
TSE, 27 juin 2023, 14h00–15h30, salle Auditorium 4
We propose a plausible mechanism for the short-term dynamics of the oil market based on the interaction of a cartel, a fringe of competitive producers, and a crowd of capacity-constrained physical arbitrageurs that store the resource. The model leads to a system of two coupled nonlinear partial...
Dietrich Stout (Emory University)
Toulouse : IAST, 27 juin 2023, 11h30–12h30, salle Auditorium 4 (First floor - TSE Building)
For better or worse, humans are now one of the major causal forces acting on the earth’s biosphere. Many would point to technology as the reason, but what exactly is technology? In this lecture, I will develop an evolutionarily grounded definition of technology that highlights three key features:...
Guillaume Roger (Monash University)
Toulouse : TSE, 27 juin 2023, 11h00–12h30, salle Auditorium 3
This paper is concerned with a continuous time, dynamic contracting problem in which the principal observes performance at discrete intervals only. In spite of this, incentive compatibility can be enforced pathwise, but at additional costs to both the principal and the agent. The discrete nature of...
Hakan Ozyilmaz (Toulouse School of Economics)
Toulouse : IAST, 23 juin 2023, 12h45–13h45, salle Auditorium 4 (First floor - TSE Building)
This paper experimentally studies how people learn about their environment when their subjective understanding of the environment, their mental model, is misspecified. We use people's tendency to hold optimistic beliefs about their abilities to generate a significant amount of model...