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Michael Sockin
Toulouse : TSE, 26 mai 2023, 14h00–15h30, salle Auditorium 4
We propose a dynamic theory of financial market concentration in settings where some investors trade strategically because of price impact. The distribution of risk and wealth determines market power, and wealth evolves over time given strategic portfolio choices. In equilibrium, the most well-...
Sebastian Thieme (Institute for Advanced Study in Toulouse)
Toulouse : IAST, 26 mai 2023, 12h45–13h45, salle Auditorium 4 (First floor - TSE Building)
Lobbying expenditures have become a commonly used proxy for measuring lobbying activity in research examining the role of money in politics. However, analyses of the assumptions underlying these approaches have been scant. I use data from unique lobbying disclosure requirements in the U.S. state of...
Olivier Pierrard (Banque centrale du Luxembourg)
TSE, 26 mai 2023, 11h00–12h30, salle Auditorium 4
Long-term care (LTC) expenditures of the elderly are high in developed countries and will grow further with population aging. In addition, LTC costs are heterogeneous across individuals and unknown early in life. In this paper, we add uncertainty over the arrival and magnitude of future LTC costs...
Lauren Falcao Bergquist (Yale University)
25 mai 2023, 11h00–12h30, salle Auditorium 4
Search costs may be a barrier to market integration in developing countries, harming both producers and consumers. We present evidence from the large-scale experimental rollout of a mobile phone-based marketplace intended to reduce search costs for agricultural commodities in Uganda. We find that...
Natalia Khorunzhina (Copenhagen Business School)
TSE, 23 mai 2023, 15h30–16h50, salle Auditorium 4
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’ preferences. I...
Michael Haliassos
TSE, 23 mai 2023, 14h00–15h30, salle Auditorium 4
This paper presents evidence for a new propagation mechanism of wealth inequality. Motivated by cross-country survey evidence, it uses unique administrative microdata and a quasifield experiment of exogenous assignment to test the hypothesis that, in the presence of significant opportunities for...
Marco Del Negro (Federal Reserve Bank NY)
23 mai 2023, 11h30–12h30, BDF, Paris, salle 6 Espace Conférence & Online
We propose a nonparametric Bayesian approach for conducting inference on probabilistic surveys. We use this approach to study whether US Survey of Professional Forecasters density projections for output growth and inflation are consistent with the noisy rational expectations hypothesis. We find...
Umberto Grandi
Toulouse : IAST, 23 mai 2023, 11h30–12h30, salle Auditorium 4 (First floor - TSE Building)
In the past two decades researchers in autonomous agents and multi-agent systems, a research community in AI, have successfully used techniques from theoretical computer science to analyse and conceive methods for collective decision making. The field is now turning towards the design of social...
du 23 mai, 09h00 au 26 mai 2023, 17h00
Shota Ichihashi (Bank of Canada)
TSE, 22 mai 2023, 14h15–15h30, salle Auditorium 4
Agents face heterogeneous returns to crime, or their types, and decide whether to commit a crime. Police acquire information about agents' types and search them to deter and uncover crimes. If information acquisition is publicly observable, the police will acquire partial information that prevents...
