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Antoine Camous
3 octobre 2023, 11h30–12h30, BDF, Paris, salle 1 & Online
Why, when and how should a central bank (mis)report private information? This paper studies the incentives and the ability of a central bank to stabilize the economy through strategically distorted announcements. Three messages stand out. First, strategic communication designed to mitigate...
Lionel Page (University of Queensland, Australia)
Toulouse : IAST, 3 octobre 2023, 11h30–12h30, salle Auditorium 4 (First floor - TSE Building)
We consider utility as a hedonic reward system shaped by evolution to motivate us to make the best decisions possible. This system gives higher subjective rewards to higher levels of success. We investigate how an optimal reward system would adapt when individuals receive new information about...
Mirabelle Muûls (Imperial College, London)
Toulouse : TSE, 2 octobre 2023, 11h00–12h15, salle Auditorium 4
In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. Using administrative data, we estimate that, on average, the EU ETS – the world’s first and largest market-based climate policy – induced regulated manufacturing...
Richard J. Gilbert (University of California, Berkeley)
Toulouse : TSE, 29 septembre 2023, 15h30–17h30, salle Auditorium A4
Savitar Sundaresan
Toulouse, 29 septembre 2023, 14h00–15h15, salle Auditorium 4
We study ineciency in the acquisition of private information before trading in financial markets. As the cost of information declines, traders over-invest in information acquisition and trade too much on their private information. Generically, no policy exists based on the price of the financial...
Lauren Honig
Toulouse : IAST, 29 septembre 2023, 12h45–13h45, salle AUDITORIUM 4 (FIRST FLOOR - TSE BUILDING)
Promoting joint land management is part of a suite of measures aimed at changing social institutions that undermine women's welfare. Governments in many African countries, prompted by domestic and international civil society, have implemented laws that promise equal land rights to men and women....
Angelina Roche (Université Paris-Dauphine)
Toulouse : TSE, 28 septembre 2023, 11h00–12h15, salle Auditorium 3
Principal Components Analysis (PCA) is a classical dimension reduction technique that is widely used in various fields, including data science and image analysis. In this talk, we discuss extensions of PCA to data belonging to infinite dimensional spaces. We first focus on functional PCA, which is...
Hugo Reis (Banque du Portugal)
TSE, 26 septembre 2023, 15h30–16h50, salle Auditorium 4
In this paper, we quantify the impact of co-workers’ human capital on a worker’s productivity and, more specifically, the spillovers of co-workers’ education within the workplace. We identify the impact of peer quality and provide an unambiguous decomposition of the impact of unobserved...
Avner Seror (Aix-Marseille University)
Toulouse : IAST, 26 septembre 2023, 12h00–13h00, salle Auditorium 3 (Ground floor - TSE Building)
This paper shows how to recover behavioral biases from revealed preference rankings implied by choices. The approach is sufficiently flexible to account for many well-documented behavioral biases in the literature. I apply the model to workhorse datasets in the literature on choice under risk and...
Teemu Pekkarinen (Yale University)
Toulouse : TSE, 26 septembre 2023, 11h00–12h30, salle Auditorium 4
A royalty system on mineral auctions is common practice in many countries. This selling procedure for state-owned minerals, such as gas or oil, is usually implemented by a second-price auction or an English auction such that the government collects an additional payment from the winner of the...
