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Past External Seminars, Ecully

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External Seminars 2020-2021

  • September 21, 11.00
    Andrea Tesei (Queen Mary University of London)
    - "Information, Technology Adoption and Productivity : The Role of Mobile Phones in Agriculture" (with A. Gupta and J. Ponticelli).


We study the effect of information on technology adoption and productivity in agriculture. Our empirical strategy exploits the expansion of the mobile phone network in previously uncovered areas of rural India coupled with the availability of call centers for agricultural advice. We measure information on agricultural practices by analyzing the content of 2.5 million phone calls made by farmers to one of India’s leading call centers for agricultural advice. We find that areas receiving coverage from new towers and with no language barriers between farmers and advisers answering their calls experience higher adoption of high yielding varieties of seeds and other complementary inputs, as well as higher increase in agricultural productivity. Our estimates indicate that information frictions can explain around 25 percent of the agricultural productivity gap between the most productive and the least productive areas in our sample.

  • September 28, 11.00
    Björn Bartling (University of Zurich)
    - "Free to Fail ? Paternalistic Preferences in the U.S." (with A. Cappelen, H. Hermes, M. Skivenes and B. Tungodden).


We study paternalistic preferences in a large-scale experiment, where 14,000 people sampled from the general population of the U.S., have the option to intervene and prevent additionally sampled, real workers from making consequential mistakes. Our data show that the nature of an intervention affects peoples’ willingness to intervene substantially : people are much more willing to provide information than to restrict freedom of choice, even if the outcome is identical. We propose a simple formal framework that allows us to categorize people as either non-interventionists, liberal paternalists, or hard paternalists, and we study the relation of type classification and background characteristics.


This paper examines the exchange rate policy in a two-country model with nominal wage rigidities and firm dynamics. We first show that a flexible exchange rate is unable to replicate the flexible price allocation because of the inefficiency generated by incomplete financial markets. In our setting with heterogeneous firms, a monetary intervention aimed at dampening nominal exchange rate fluctuations stabilizes the firm selection in the export market. The reduction in wage setting uncertainty ensured by a fixed exchange rate is particularly relevant when firms are small and homogeneous, thus providing a rationale for the fear of floating in exchange rate policies.

  • November 30, 11.00
    Christian Zehnder (University of Lausanne)
    - "Building an Equilibrium : Rules versus Principles in Relational Contracts"


Effective organizations are able to adapt members’ strategies to unforeseen change in an efficient manner. We study when relational contracts enable organizations to achieve this. Specifically, in a novel experiment we explored the hypothesis that basing a relational contract on general principles rather than on specific rules is more successful in achieving efficient adaptation. In our Baseline condition, we indeed observe that, compared to pairs who relied on specific rules, those who articulated general principles achieved significantly higher performance after change occurred. Underlying this correlation, we also find that pairs with principle-based agreements were more likely both to expect and to take actions that were consistent with what their relational contract prescribed. To investigate whether there is a causal link between principle-based agreements and performance, we implemented a "Nudge" intervention intended to foster principle-based relational contracts. The Nudge succeeded in causing more pairs to articulate principles, but the intervention failed to increase performance after the shock because many of the pairs induced to articulate principles then did not take actions that were consistent with their relational contracts. In short, our results suggest that (1) principle-based relational contracts may improve organizational performance, but also that (2) high-performing relational contracts may be difficult to build.

  • December 7, 11.00
    Michel Maréchal (University of Zürich)
    - "The Right to be Heard : A Randomized Controlled Trial on Economizing Procedural Justice"


The right to be heard is a fundamental principle underlying most legal systems and constitutes a basic human right. Legal scholars argue that the right to be heard is essential for the rule of law because it helps achieving truth and legitimizes judicial sentencing. On the other hand, hearings are labor and time intensive, leading to an overloaded criminal justice system, particularly for mass crimes. We experimentally evaluate the importance of hearings in the context of a large-scale reform of the Swiss Criminal Procedure Code, which delegated sentencing power from courts to the prosecutors through the means of penal orders. As a consequence of the reform, prosecutors sentence offenders by sending them a penal order that is solely based on police reports in roughly 90% of all criminal proceedings, de facto removing the defendants’ right of being heard. We conducted a field experiment in collaboration with a public prosecution office in Switzerland and randomly invited defendants to participate in a prosecutorial hearing, allowing us to investigate the causal effect of hearings on prosecutorial sentencing, perceptions of procedural fairness, and recidivism.

  • February 22, 11.00
    Christoph Trebesch (Kiel Institute for the World Economy and Kiel University)
    - "Coping with disasters : two centuries of international official lending" (with S. Horn and C. M. Reinhart).


Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official international lending, covering 230,000 loans, grants and guarantees extended by governments, central banks, and multilateral institutions in the period 1790-2015. Historically, wars have been the main catalyst of government-to-government transfers. The scale of official credits granted in and around WW1 and WW2 was particularly large, easily surpassing the scale of total international bailout lending after the 2008 crash. During peacetime, development finance and financial crises are the main drivers of official cross-border finance, with official flows often stepping in when private flows retrench. In line with the predictions of recent theoretical contributions, we find that official lending increases with the degree of economic integration. In crises and disasters, governments help those countries to which they have greater trade and banking exposure, hoping to reduce the collateral damage to their own economies. Since the 2000s, official finance has made a sharp comeback, largely due to the rise of China as an international creditor and the return of central bank cross-border lending in times of stress, this time in the form of swap lines.

  • March 15, 11.00
    Hans Koster (Vrije Universiteit Amsterdam)
    - "High-speed rail and the spatial distribution of economic activity : Evidence from Japan’s Shinkansen" (with K. Hayakawa, T. Tabuchi and J.-F. Thisse).


We investigate the effects of high-speed rail (HSR) on the location of economic activity. We set up a spatial quantitative general equilibrium model that incorporates spatial linkages between firms (including manufacturing and services), agglomeration economies, as well as commuting and migration. The model is estimated for Japan in order to investigate the impacts of the Shinkansen, i.e., the first HSR ever built. We show that traveling by train strengthens firms’ linkages, but is less important for commuting interactions. The Shinkansen increases welfare by about 5%. We show that extensions of the Shinkansen network may have large effects (up to a 30% increase in employment) on connected municipalities, although the effects are smaller for places with higher fixed costs. Our counterfactuals show that, without the Shinkansen, Tokyo and Osaka would be 6.3% and 4.4% larger, respectively.

  • March 22, 11.00
    Anna Dreber (Stockholm School of Economics)
    - "Predicting replication outcomes"


Why are there so many false positive results in the published scientific literature ? And what is the actual share of results that do not replicate in different literatures in the experimental social sciences ? I will discuss several recent large replication projects, as well as our studies on "wisdom-of-crowds" mechanisms like prediction markets and forecasting surveys where researchers attempt to predict replication outcomes as well as new outcomes.

  • April 26, 11.00
    Bettina Rockenbach (University of Cologne)
    - "Gender Differences Across Economic Games : Expectations, Norms, and Behavior"

  • May 10, 11.00
    Alexander Cappelen (NHH)
    - "Second-best fairness under limited information : The trade-off between false positives and false negatives" (with Cornelius Cappelen and Bertil Tungodden)


In many important economic settings, limited information makes it impossible for decision makers to ensure that each individual gets what he or she deserves. Decision makers are then faced with the trade-off between giving some individuals more than they deserve, false positives, and giving some individuals less than they deserve, false negatives. We present the results from two large-scale experimental studies of how people from the general population in the US and Norway trade off these two mistakes. We find that most people are more concerned with avoiding false negatives than with avoiding false positives, but we also document systematic variation in how people make this trade-off between the two countries and across the political specter. The findings shed light on people’s attitudes to a wide range of policies by providing novel evidence on an important dimension of people’s social preference.

  • May 31, 11.00
    Eleni Iliopulos (University of Paris-Saclay, Evry)
    - "Real estate and rental markets during Covid times" (with B. Achou and H. d’Albis)


In this work we introduce a general equilibrium model with landlords, indebted owner-occupiers and renters to study housing markets’ dynamics. We estimate it by using standard Bayesian methods and match the US data of the last decades. This framework is particularly suited to explain current trends on housing markets. We highlight the crucial relationship between interest rates, house prices and rents, and argue that it helps understanding the main driving forces. Our analysis suggests that current developments on housing markets can play a role for a recovery from the Covid pandemic as they have an expansionary effect on aggregate output. Moreover, we account for the heterogeneous impact of crisis-induced policies depending on agents’ status on the housing market. We show how, despite an increase in housing prices, the welfare of landlords has been negatively hit. This is associated to the joint decrease in returns on housing and financial assets that reduces their financial incomes.

  • June 7, 11.00
    Ekrame Boubtane (University Clermont Auvergne)
    - "Immigration in France"


This work in progress focuses on producing reliable statistics on migration flows in France in order to analyze their economic effects. Using residence permits information collected in the central foreigners register, what is known as AGDREF - Application de gestion des dossiers des ressortissants étrangers en France, we compute time series on immigration in France. These administrative data have the advantage of being exhaustive in their scope : foreign nationals from countries not members of the European Union or European Free Trade Association, who obtain a residence permit. This makes it possible to characterize the dynamics of immigration of third-country nationals to France, and to analyze their consequences for the economy. Among the results obtained, we observe an upward trend in migration for work and study purposes in recent years. Since 2008, selective labor migration has been growing at a steady pace, and a significant proportion of non-selective labor migration is due to case-by-case regularizations, through working, of irregular immigrants, including rejected asylum seekers. Using vector autoregressive (VAR) models on monthly data for 1994-2018, we obtain that the response of the economy to an exogenous change in the immigration rate is significantly positive. Our results suggest that immigration in France contributes to raising the average standard of living and reducing unemployment. The decomposition according to category of entry gives interesting results : family immigration in particular have a positive effect on the economy.

  • June 21, 11.00
    Mathias Kifmann (Universität Hamburg)
    - "Rewards for information provision in patient referrals : a theoretical model and an experimental test"


We study whether bonus payments for information provision can improve the information flow between physicians. We consider the situation of a primary care physician (PCP) deciding on the provision of information of varying qualities to a specialist while referring a patient. Our theoretical model, which includes altruism and the aversion to lose profit relative to a reference profit, predicts that bonus payments increase the provision of both high- and low-quality information. Running a controlled laboratory experiment we find support for this prediction. Moreover, we observe that in case that the beneficiary of information provision receives a higher payoff than the PCP, PCPs more often pass on high-quality information when the beneficiary is a patient instead of a specialist. In case that the beneficiary receives a lower payoff than the PCP, the type of the beneficiary (specialist or patient) does not affect the provision of high-quality information. As a consequence, specialists more often receive high-quality information when they earn smaller instead of larger profits than PCPs, while there is no such difference for patients. As such our observations suggest that the level of high-quality information transferred by PCPs depends on an interaction of who benefits from information provision and the payoff relation between beneficiaries and PCPs.

  • June 28, 11.00
    Urszula Szczerbowicz (Banque de France)
    - "Stabilising virtues of central banks : (re)matching bank liquidity"


The liquidity of financial system plays a central role in systemic crises. In this paper, we show that the ECB haircut policies provided an important liquidity support to distressed financial institutions during the euro area sovereign debt turmoil. Using novel, micro data on the pool of collateral eligible to ECB open market operations, we construct a "public" liquidity mismatch indicator (LMI) for the French aggregate banking sector based on the ECB haircuts. We then compare it to the "private" LMI based on the haircuts in private repo markets in the spirit of Bai et al. (2018). The difference between the two indicators represents a new measure of the ECB liquidity support. Our results suggest that the ECB haircut policies indeed helped French banks to reduce the liquidity mismatch. Moreover, higher ECB liquidity support is associated with higher cash and sovereign asset holdings by the French banks as well as with their lower probability of default.

External Seminars 2019-2020

  • February 17,11.00 am
    Manon Garrouste (LEM, Université de Lille)
    - "Geographical constraints in track choices : A French study using high school openings"


We study the effect of opening a new high school on individual schooling decisions at the end of lower secondary education. The working sample covers all ninth graders between 2007-2008 and 2012-2013 in France. The two-way fixed-effect estimation strategy uses variation in time and space to estimate the causal effect of an increase in school supply. Opening a new high school significantly increases the probability of pupils from neighboring middle schools continuing in higher secondary education. The effect is exclusively due to new high schools proposing a vocational track. Furthermore, the effect is mainly driven by low-achieving students.

  • February 10,11.00 am
    Raphaël Soubeyran (INRA, Montpellier)
    - "Social Preferences and Coordination : An Experiment", joint with Mamadou Gueye et Nicolas Quérou.


In this paper, we use a laboratory experiment to analyze the effect of social preferences in a coordination game with Pareto-ranked equilibria. Inequality is increased by increasing the coordination payoffs of some subjects while the coordination payoffs of others remain unchanged. Theoretically, in this setting, inequality aversion may lead to a negative relationship between inequality and coordination success, while total payoff motivations lead to a positive relationship. Using a within-subject experimental design, we find that more inequality unambiguously yields a higher level of coordination success. Furthermore, this result holds even for subjects whose payoffs remain unchanged. Our results suggest that total payoff motivations drive the positive
relationship between inequality and coordination success found in this experiment. Moreover, our data highlight that the order of treatment matters. Groups facing over time a reduction in inequalities reach the efficient outcome more often, over the entire experiment, compared to groups facing over time an increase in inequalities. This study thus contributes to understanding whether social preferences and variations in inequality affect the outcome of coordination problems.

  • January 13, 11.00 am
    Michele Belot (European University Institute)
    - "Facilitating Healthy Dietary Habits : An Experiment with a Low Income Population", joint with Jonathan James and Jonathan Spiteri.


This paper tests an intervention aimed at facilitating (cognitively) the adoption of healthy dietary habits. We provide easy-to-understand information about the risks of developing diabetes or heart diseases and give easy-to-follow dietary recommendations to minimize these risks. We implement two variations, one consisting of generic information, the other consisting of information tailored to the individual, the latter resembling newly developed on-line health assessment tools. On top of the information treatment, we implement a second experimental variation nudging people into spending more time thinking about their dietary choices. We find evidence that the information intervention leads to healthier choices in the short run, but mostly in the generic treatment. Surprisingly, we find that people are on average pessimistic about their health, and therefore receive good news on average when the information is tailored to them. We find no evidence that increasing the time available to make choices leads to healthier choices, and find no evidence of long-term changes in habits. These results do not support a bounded rationality explanation for poor dietary choices.

  • December 16, 11.00 am
    Gilles Duranton (University of Pennsylvania)
    - "Mobility and congestion in urban India", joint with P.A. Akbar, V. Couture and A. Storeygard.


We develop a methodology to estimate robust city level vehicular mobility indices, and apply it to 154 Indian cities using 22 million counterfactual trips measured by a web mapping service. There is wide variation in mobility across cities. An exact decomposition shows this variation is driven more by differences in uncongested mobility than congestion. Under plausible assumptions, a one standard deviation improvement in uncongested speed creates much more mobility than optimal congestion pricing. Denser and more populated cities are slower, only in part because of congestion. Urban economic development is correlated with better (uncongested and overall) mobility despite worse congestion.

  • December 9, 11.00 am
    Lorenz Götte (Institute for Applied Microeconomics, University of Bonn)
    - "The habit-forming effects of feedback : evidence from a large-scale field experiment"


In this paper, we develop a unified model of habit formation and attention to examine the behavioral and welfare impacts of realtime feedback on behavior. Our framework encompasses consumption-based habit as in Stigler and Becker (1977), as well as attention-based habit motivated by recent studies in psychology and neuroscience. We test these competing mechanisms using a large-scale field experiment in the context of resource consumption (showering). We implement a novel experimental design that varies household-level realtime feedback cycles that temporarily draw attention to individuals’ cost of consumption. Our results strongly support an attention-based model of habit in favor of workhorse consumption-based models used in economics.

  • December 2, 11.00 am
    Maria Racionero Llorente (Australian National University)
    - "Labor Market Effects of Reducing the Gender Gap in Parental Leave Entitlements”, joint with Elena Del Rey and Jose I. Silva.


We explore the effects of parental leave entitlements for mothers and fathers on wages and unemployment. To do so we include two types of workers, males and females, who compete for the same jobs, in a labour search and matching model with parental leave. We show that increases in leave duration have ambiguous effects on market tightness and wages. We identify, analytically and graphically, the mechanisms behind these ambiguous effects. Given the variety of theoretical cases we calibrate the model for selected countries (France, Italy, Norway and Portugal) and simulate policy changes. In all countries considered an increase in duration of either type-specific leave reduces both wages and increases unemployment, which is consistent with a relatively large negative effect of the leave on job creation. The simulated effects are however relatively small and suggest that the scope for leave duration policy to reduce gender wage and employment gaps is limited.

  • November 25, 11.00 am
    Michael Kosfeld (Goethe University Frankfurt)
    - "Incentives and the Sorting of Motivated Agents", joint with Kevin Bauer and Ferdinand von Siemens


We study the role of incentives for the sorting of motivated agents in a lab experiment. Participants can self-select into different teams in which they can earn money but also exert “social effort” to produce charitable donations. The production of donations is characterized by complementarities : a participant’s return of social effort increases in the social effort of others in the same team. Our theoretical and empirical results show that differences in incentives across teams facilitate the sorting of motivated agents and thereby increase donations. Participants exert more social effort if they are in the low-incentive team. Interestingly, this holds for non-motivated participants as well, but only if self-selection is possible.

  • November 18, 11.00 am
    Marie-Louise Leroux (UQAM)
    - "Fair long-term care insurance", joint with Pierre Pestieau and Gregory Ponthiere.


The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This paper revisits the design of optimal LTC insurance while adopting the ex post egalitarian social criterion, which gives priority to the worst-off in realized terms (i.e. once the state of nature has been revealed). Using a lifecycle model with risk about the duration of life and risk about old-age dependence, it is shown that the optimal LTC social insurance is quite sensitive to the postulated social criterion. The optimal second-best social insurance under the ex post egalitarian criterion involves, in comparison to utilitarianism, higher LTC benefits, lower pension benefits, a higher tax rate on savings, as well as a lower tax rate on labor earnings.

  • November 4, 11.00 am
    Marlon Seror (University of Bristol)
    - "Industrial clusters in the long run : Evidence from Million-Rouble plants", joint with Stephan Heblich, Hao Xu and Yanos Zylberberg.


This paper exploits a short-lived cooperation program between the U.S.S.R. and China, which led to the construction of 156 ``Million-Rouble plants’’ in the 1950s. We isolate exogenous variation in location decisions due to the relative position of allied and enemy airbases and study the long-run impact of these factories on local economic activity. While the ``156’’ program accelerated industrialization in treated counties until the end of the command-economy era, this significant productivity advantage fully eroded in the subsequent period. We explore the nature of local spillovers responsible for this pattern, and provide evidence that treated counties are overspecialized and far less innovative. There is a large concentration of establishments along the production chain of the Million-Rouble plants, which limits technological spillovers across industries.

  • October 14, 11.00 am
    Alexandra Roulet (INSEAD)
    - "Gender Differences in Job Search : Trading off Commute Against Wage", joint with Thomas Le Barbanchon et Roland Rathelot.


We document that gender differences in commuting distances are substantial though decreasing over time following a similar pattern as the gender wage gap. We relate these stylized facts to supply side considerations, using a unique administrative dataset where we can match job seekers’ search criteria --- occupation, reservation wage, maximum commute, etc. --- to the precise characteristics of the jobs preceding and following their unemployment spell. Controlling finely for the previous job, unemployed women have a lower reservation wage than men and search for jobs closer to their residence. This translates into women getting lower wages and shorter commutes upon reemployment. The joint distribution of reservation job attributes and of realized job bundles allow us to identify indifference curves between wage and commute, which we find steeper for women. Through the lens of a job search model where commuting matters, we then estimate that around 10% of the gender wage gap can be accounted for by gender differences in the maximum acceptable commute, with larger contributions for married workers with children. Finally, we verify the robustness of our results using job application data, to show in particular that female workers do not receive less demand from far-away employers, confirming that most of our stylized facts are supply-side driven.

  • October 7, 11.00 am
    Edwin Leuven (University of Oslo)
    - "Fertility and Labor Supply", joint with Simon Bensnes and Ingrid Huitfeldt.


The child penalty is widely regarded as a main driver of the gender wage gap. To make progress on this question one needs to address the potential endogeneity of fertility with respect to labor supply. In this study we combine an event study framework with instrumental variables (IV) using the outcomes of in vitro fertilization (IVF) in Norway as instruments. We find that the endogeneity of fertility timing introduces omitted variable bias in a regular event study, while delayed fertility and intensive margin fertility responses lead to bias in regular IV estimates based on IVF treatments. Our joint approach addresses these issues by centering on the age of child rather than time since IVF, and by instrumenting first and second births. The resulting estimates show that (i) fertility has a short-lived negative effect on earnings that disappears after two years ; (ii) effects are similar for the extensive and intensive margin of fertility ; and (iii) partners are shielded from any negative effects.

  • September 30, 11.00 am
    Luigi Minale (Carlos III University)
    - "Lift the Ban ? Labour Market Restrictions and the Employment Outcomes of Refugees", joint with Francesco Fasani and Tommaso Frattini.


Many countries impose temporary employment bans to recently arrived asylum seekers, a period during which take up of legal employment is not permitted. In this paper, we assess the long-term impact of such temporary employment bans on refugees’ labour market integration. To do so, we use micro-data from the European Labour Force Survey that allow identifying refugees and combine them with newly collected data on the presence and length of employment bans across European countries, from 1985 onward. We estimate DID regressions exploiting geographical and temporary variation in employment bans and find that being exposed to an employment ban at arrival reduces employment probability in the medium-run by 15%. Importantly, these effects persist over time – fading away only after about 15 years – and are non-linear in the length of ban duration. Our causal estimates are robust to a number of identification tests : a placebo run on non-refugee migrants, a triple DID where other migrants are used as the control group ; and an IV strategy based on the 2003 EU directive setting a maximum duration to employment bans. The negative impact on employment primarily comes from reduced participation, suggesting that bans may persistently push refugees out of the labour market and into welfare.

  • September 23, 11.00 am
    Sophie Moinas (Toulouse School of Management and Toulouse School of Economics)
    - "Learning in Speculative Bubbles : An Experiment", joint with Jieying Hong and Sébastien Pouget.


Does traders’ experience reduce their propensity to participate in speculate bubbles ? This paper studies this issue from a theoretical and an experimental viewpoint. We focus on a game in which bubbles, if they arise, are irrational, as in the Smith, Suchanek, and Williams (1988)’s set up. Our theoretical results are based on Camerer and Ho (1999)’s Experience-Weighted Attraction learning model. Adaptive traders are assumed to adjust their behavior according to actions’ past performance. In the long run, learning induces the market to converge to the unique no bubble equilibrium. However, learning initially increases traders’ propensity to speculate. In the short run, more experienced traders thus create more bubbles. An experiment shows that bubbles are very pervasive despite the fact that subjects have become experienced. Our estimation of the EWA model also indicates that learning is at work.

External seminars 2018-2019

  • June 17, 11.30 am in [AMPHI]
    Kurt Schmidheiny (University of Basel)
    - "The Elasticity of Taxable Wealth:Evidence from Switzerland", joint with Marius Brülhart, Jonathan Gruber and Matthias Krapf.

  • May 20, 11.30 am
    Stefan Trautmann (University of Heidelberg, Tilburg University)
    - "Implementing (Un)fair Procedures ? Favoritism and Process Fairness when Inequality is Inevitable"


We study allocation behavior when outcome inequality is inevitable but a fair process is feasible, as in selecting one person from several candidates for a job or award. We show that allocators may be influenced by inappropriate criteria, impeding the implementation of a fair process. We study four interventions to induce process fairness without restricting the allocator’s decisions : Increasing the transparency of the allocation process ; providing a private randomization device ; allowing the allocator to delegate to a public randomization device ; and allowing the allocator to avoid information on inappropriate criteria. All interventions except transparency have positive effects, but differ substantially in their impact.

  • May 3, 11.30 am
    Urs Fischbacher (University of Konstanz)
    - "Incentives for conformity and disconformity"

  • April 29, 11.30 am
    Thomas Seegmuller (AMSE)
    - "Are the liquidity and collateral roles of bubbles different ?", joint with Lise Clain-Chamosset-Yvrard and Xavier Raurich


Recently, several papers have highlighted different mechanisms explaining that bubbles are associated to a larger growth, as it is empirically observed. Main ingredients for these results are the coexistence of heterogeneous traders and the existence of some borrowing constraints, but the bubble can have different roles like providing liquidities or being a collateral. In this paper, we introduce heterogeneous traders by considering an overlapping generations model with households living three periods. Young households cannot invest in capital, while adults have access to investment and face a borrowing constraint. Introducing bubbles in a quite general way, encompassing the different roles they can have in the existing literature, we show that heterogeneity among traders does not prevent the crowding-out effect of the bubble. However, when the borrowing constraint is binding, the bubble may enhance growth. More significantly, these results do not depend on the type and the role attributed to the bubble.

  • April 8, 11.30 am
    Natacha Raffin (University of Rouen)
    - "Reproductive health, fairness and optimal policies", joint with J. Etner and T. Seegmuller


Based on epidemiological evidence, we consider an overlapping generations economy in which agents differ through their ability to procreate. Households with impaired fertility may incur health expenditure to increase their chances of parenthood. This health heterogeneity generates welfare inequalities that deserve to be ruled out. We explore three different criteria of social evaluation in the long-run : the utilitarian approach, the ex-ante egalitarian criterion and the ex-post egalitarian one. We propose a set of economic instruments to decentralize each solution. To correct for the externalities and health inequalities, both a preventive (a taxation of capital) and a redistributive policy are required. We show that a more egalitarian allocation is associated with higher productive investment but reduced health expenditure and thus, lower population growth.

  • April 1, 11.30 am
    Robert Nuscheler (University of Augsburg)
    - "Experience and the Willingness-to-Pay for Long-Term Care Insurance - Evidence from a Laboratory Experiment", joint with Simon Binder and Christine Leopold.

  • March 25, 11.30 am [Cancelled]
    Axel Ockenfels (University of Cologne)
    - TBA

  • March 15, 2.00 pm [Unusual timeslot]
    Christian de Peretti (École Centrale Lyon)
    - "Are Financial Markets Efficient at a High Frequency ? A Neural Network and Pattern Recognition Analysis"

  • March 4, 11.30 am [Cancelled]
    Jérôme Adda (Bocconi University)
    - "The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation", joint with Christian Dustmann and Joseph-Simon Gorlach.


This paper studies the link between anticipated migration durations and immigrants’ behavior. We develop a lifecycle model in which immigrants decide labor market participation, consumption, and investment in location-specific human capital together with the optimal length of migration. We estimate this model combining several data sets that provide unique repeated information on immigrants’ return intentions and realized return migrations. We show that the relation between return intentions and human capital investment leads to behavior- based selective return migration, and analyze how policies which influence migrants’ return decisions affect immigrants’ career profiles.

  • February 11, 11.30 am
    Antonio Russo (ETH Zurich)
    - "The Congestion Relief Benefit of Public Transit : Evidence from Rome", joint with Martin W. Adler, Federica Liberini, and Jos N. van Ommeren.


We estimate the effect of public transport supply on travel times of motor-vehicle and bus users in Rome, Italy. We apply a quasi-experimental methodology exploiting hourly information on public transport service reductions during strikes. We find that a 10 percent reduction in public transit supply increases the travel time of motor-vehicles users by 1.6 percent in the morning peak. The effect of this reduction on travel time of bus users is similar. The congestion-relief benefit of public transport is sizeable and bus travel time gains account for an important share of this benefit. We also estimate the effects of dedicated bus lane provision on travel times of bus and motor-vehicle users. It appears that for specific roads dedicated bus lanes reduce overall travel time, despite the lane loss, and are under-supplied from a welfare perspective.

  • February 4, 11.30 am [AMPHI]
    Nagore Iriberri (University of the Basque Country)
    - "Brave Boys and Play-it-Safe Girls : Gender Differences in Willingness to Guess in a Large Scale Natural Experiment"


We study gender differences in a sample with over 9,000 multiple-choice math tests, where in half of the questions both wrong answers and omitted questions score 0, and in the other half wrong answers score 0 but omitted questions score +1. Using a within-participant regression analysis, we find that female participants leave more omitted questions than males under both types of scoring rules, but furthermore, the gender difference gets larger when there is a reward for omitted questions. This gender difference, which is stronger among high ability and older participants, has negative consequences for females in the final score and ranking. In a subsequent survey, female participants show lower levels of confidence and higher risk aversion, which could potentially explain this differential behavior. When both are considered, risk aversion seems to be the main factor in explaining the gender differential in the willingness to guess. A scoring rule that is gender neutral begs for non-differential scoring between wrong answers and omitted questions.

  • January 28, 11.30 am [Exceptionally held at ENS, Site Descartes, D8-001]
    Elie Murard (IZA, Bonn)
    - "Mass Refugee Inflow and Long-run Prosperity : Lessons from the Greek Population Resettlement", joint with Seyhun Orcan Sakalli.

  • December 3, 11.30 am
    Mathieu Parenti (Université Libre de Bruxelles)
    - "A theory of new trade agreements", joint with Gonzague Vannoorenberghe.

  • November 12, 11.30 am
    François Legrand (EMLyon)
    - "Recursive Preferences, the Value of Life, and Household Finance", joint with Antoine Bommier et Daniel Harenberg.

  • October 15, 11.30 am
    Audrey Laporte (University of Toronto)
    - "Making the Grossman Model Stochastic : Investment in Health as a Stochastic Control Problem", joint with Brian Ferguson.

  • October 1, 11.30 am
    Olivier L’Haridon (Université de Rennes)
    - "An Effective and Simple Tool for Measuring Loss Aversion", joint with Craig Webb and Horst Zank.

External seminars 2017-2018

  • July 2, 11.30 am [note the unusual schedule]
    Rabah Amir (University of Iowa)
    • "On the voluntary provision of inferior public goods"
  • May 28, 11.30 am
    Randolph Sloof (University of Amsterdam)
    • "Media bias and elections : An experimental study", joint with Junze Sun and Arthur Schram.
  • April 23, 11.30 am
    Nicole Maestas (Harvard University and NBER)
    • "The Value of Working Conditions in the United States and Implications for the Structure of Wages", joint with K.J. Mullen, D. Powell, T. von Wachter and J. Wenger.
  • April 11, 11.30 am [note the unusual schedule] [AMPHI]
    Matthias Sutter (University of Cologne)
    • "Driving to the Beat : reputation vs selection in the taxi market", joint with Theodore Alyssandratos (RHUL) and Sotiris Georganas (City U London).
  • February 27, 11.30 am
    Mathieu Lefebvre (BETA, Université de Strasbourg)
    • Compensating for the Risk : Experimental Evidence on Giving in Risky Environments, joint with Mickael Beaud et Julie Rosaz.
  • February 12, 11.30 am
    Randall Ellis (Boston University)
    • "Ten Strategies for Reducing Health Care Costs by Fifty Percent"
  • December 18, 11.30 am
    Thepthida Sopraseuth (Université of Cergy-Pontoise, THEMA)
    • "Macroeconomic Implications of Learning and Financial Frictions in Interdependent Economies", joint with E. Iliopulos and E. Perego
  • November 20, 11.30 am
    Ali Ozkes (Aix-Marseille School of Economics)
    • "The effects of cognitive skills, communication, and strategic environment on cooperation", joint with Nobuyuki Hanaki.
  • **CANCELLED** October 20, 11.30 am
    Modibo Sidibé (Duke University)
    • "Structural Randomness and the Distribution of Risk and Time Preferences", joint with Christian Belzil.
  • October 16, 11.30 am
    Clément Imbert (University of Warwick)
    • "Internal migration and firm growth : Evidence from China" (joint with Marlon Seror, Yifan Zhang and Yanos Zylberberg).
  • October 9, 11.30 am
    Marielle Brunette (INRA, LEF)
    • "Risk aversion, prudence and temperance in gain and loss : Are we all schizophrenics ?" (joint with J. Jacob).
  • September 25, 11.30 am
    Mathieu Couttenier (University of Geneva)
    • "The Violent Legacy of Victimization : Post-conflict Evidence on Asylum Seekers, Crimes and Public Policy in Switzerland" (joint with V. Preotu, D.Rohner and M.Thoenig).
  • September 13, 11.30 am
    Nina Guyon (National University of Singapore)
    • "Social Segregation at School and Achievement : Empirical Evidence from public housing demolitions in France"
  • September 11, [2.00 pm], AMPHI
    Robert Dur (Erasmus University Rotterdam)
    • "Team Incentives, Social Cohesion, and Performance : A Natural Field Experiment" (joint with Josse Delfgaauw, Oke Onemu, Joeri Sol)

External seminars 2016-2017

  • July 3, 11.30 am
    Chloe Tergiman (Penn State University)
    • Seminar jointly organized with GATE-LAB
    • "Preferences for power"
  • June 12, 11.30 am
    Jordi Brandts (Barcelona GSE)
    • "Deliberative structures and their impact on voting behavior under social conflict"
  • May 22, 11.30 am
    Gilles Duranton (Wharton School, University of Pennsylvania)
    • "Measuring the cost of congestion in a highly congested city : Bogotá"
  • May 3, 2 pm
    Julie Rosaz (Université de Montpellier, LAMETA)
    • "Truth Telling under Oath"
  • April 26, 2 pm
    Leonardo Pejsachowicz (Princeton University)
    • "Bredth versus Depth" (joint with Michael Richter and Sen Geng )
  • April 24, 11.30 am
    Charles Bellemare (Université Laval)
    • "Self-confidence, material consequences, and subjective performance evaluations"
  • April 10, 2 pm
    Aldo Rustichini (University of Minnesota)
    • "Biological Foundation of economic Analysis"
  • April 5, 2 pm
    Mathieu Lefebvre (Université de Strasbourg, BETA)
    • "Social security wealth and household asset holdings : new evidence from Belgium"
  • April 3, 2 pm
    Tor Erikson (University of Aarhus)
    • "Gender Stereotyping and Self-stereotyping Attitudes : A Large Field Study of Managers"
  • March 27, 11.30 am
    Céline Poilly (AMSE)
    • "Do Misperceptions about Demand Matter ? Theory and Evidence", avec Kenza Benhima
  • March 23, 11 am
    Nicolas Drouhin (ENS Cachan)
    • "New perspectives on the Life-Cycle Theory of Consumption and Savings"
  • March 22, 11 am
    Brice Magdalou (Université de Montpellier)
    • "Hammond’s Equity Principle and the Measurement of Ordinal Inequalities"
  • March 6, 11.30 am
    Edoardo Di Porto (University of Naples Federico II)
    • "Testing for Spatially Smooth Unobserved Heterogeneity With an Application on a Randomized Experiment"
  • February 13, 11.30 am
    Xavier Raurich (University of Barcelona)
    • "Income distribution by age group and productive bubbles" (joint with Thomas Seegmuller)
  • January 30, 11.30 am
    Rafael Lalive (University of Lausanne)
    • "How do Pension Wealth Shocks a↵ect Working and Claiming ?" (joint with Stefan Staubli)
  • January 16, 11.30 am
    Bertrand Wigniolle (Paris 1, CES)
    • "On Time Consistency and Pareto-Optimality in a Model with Heterogeneous Quasi-Hyperbolic Discounting Agents" (joint with Jean-Pierre Drugeon)
  • December 12, 10.30 am
    Laurent Simula (GAEL)
    • Income Shifting and/or Income Creation ? The Intensive vs. the Extensive Shifting Margin

External seminars 2015-2016

  • June 13, 11.30 am
    Michel Guillard (Université d’Évry - Val d’Essonne)
    • Sovereign default and public debt sustainability (joint with Hubert Kempf)
  • June 6, 11.30 am
    Agnès Gramain (Université Paris 1 Panthéon-Sorbonne et Maison des Sciences Economiques)
    • "Does consumption of in home elderly care services respond to their out-of-pocket cost ? A micro-econometric analysis in a French département" (joint with Cécile Bourreau-Dubois, Helen Lim & Jingyue Xing)
  • May 30, 2.00 pm
    David Crainich (LEM, IESEG)
    • "Saving and the demand for protection against risk" (with Richard Peter)
  • April 11, 11.30 am
    Robert Slonim (University of Sydney)
    • Redesigning Markets for Blood Donations : A Blood Donation Registry
  • March 21, 11.30 am
    Isabelle Chort (Université Paris Dauphine)
    • Determinants of Mexico-US outward and return migration flows : A state-level panel data analysis
  • March 14, 11.30 am
    Stéphane Moyen (Bundesbank)
    • Optimal Unemployment Insurance and International Risk Sharing
  • March 7, 2.00 pm
    Mathieu Lefebvre (BETA, Université de Strasbourg)
    • FGT Poverty Measures and the Mortality Paradox : Theory and Evidence
  • January 18, 11.30 am
    Tristan-Pierre Maury (EDHEC business school)
    • "Forecasting Excess Returns in the Housing Market with Local Cap Rates"
  • January 11, 11.30 am
    Pierre-Philippe Combes (Aix-Marseille School of Economics)
    • The Costs of Agglomeration : Land Prices in French Cities (joint with G. Duranton and L. Gobillon)

External seminars 2014-2015

  • May 18, 11.30 am
    Yann Braouezec (IESEG, LEM)
    • "Public versus private insurance contracts with (and without) transaction costs : The optimal segmentation policy of an informed insurer"
  • May 4, 11.30 am
    Béatrice Rey-Fournier (ISFA, Université Lyon 1)
    • "Risks Configurations, Preferences and Implications"
  • April 10, 11.30 am
    Karine Gente (GREQAM, Aix-Marseille University)
    • "Undervaluation, social Optimum and Growth", joint with Carine Nourry (Aix-Marseille Université - AMSE) and Miguel Leon Ledesma (University of Kent)
  • March 30, 11.30 am
    Roberto Weber (University of Zurich)
    • "Job History, Work Attitude, and Employability", joint with Alain Cohn, Michel Marechal, Frederic Schneider
  • March 23, 11.30 am
    Nicolas Jacquemet (BETA, CNRS et Université de Lorraine ; PSE)
    • "Tax evasion under oath", joint with S. Luchini, A. Malézieux, JF. Shogren
  • March 16, 11.30 am
    Anne Laferrère (INSEE)
    • "Retired but not withdrawn : Does Retirement Induce Participation in Social Activities ?"
  • February 9, 11.30 am
    Eli Spiegelman
    • "More than attitude : Behavioral correlates of the mere exposure effect"
  • February 2, 2.00 pm
    Paul Hubert (Sciences Po, Paris)
    • "Policy signals and Macro theory as Inputs to Inflation Expectation Formation", joint with Becky Maule (Bank of England)
  • December 18, 11.00 am
    Camille Hémet (Barcelona Institute of Economics)
    • "The Local Determinants of Crime Victimization"
  • December 17, 11.30 am
    Sébastien Massoni (Queensland University of Technology)
    • "Subjective Probabilities and Metacognition : a Signal Detection Theoretic Approach"
  • December 15, 11.15 am
    Sylvie Charlot (UMR GAEL)
    • "From competition to cooperation : on the spatial effects of a local business tax policy reform in France", joint with Sonia Paty and Stéphane Riou
    • Dans le cadre du Séminaire d’économie spatiale, 15 décembre, GATE-LSE, Ecully
  • October 28, 11.00 am
    Giorgio Fabbri (University of Evry-Val d’Essonne)
    • "On the Mitra-Wan Forest Management Problem in Continuous Time"
  • October 6, 11.30 am
    Fabio Michelucci (CERGE-EI, Prague)
    • "How to Boost Revenues in FPAs ? The Magic of Disclosing only Winning bids from Past Auctions", with Philippe Jehiel and Peter Katuscak

External seminars 2013-2014

  • June 23, 2 pm
    Guillaume Hollard (Paris School of Economics)
    • Gender differences : evidence from field tournaments
  • May 26, 11 am
    Anders Poulsen (University of East Anglia)
    • Efficiency-Equality Tradeoffs in Bargaining : Experimental Evidence
  • March 31, 2 pm
    Yann Algan (Sciences Po, Paris)
    • "The Long-Term Effect of Social Skills Training at School Entry : A randomized trial"
  • March 14, 2 pm
    Hafedh Bouakez (HEC Montréal)
    • Public investment, time to build, and the zero lower bound
  • February 17, 2 pm
    Jérôme Hergueux (Harvard University)
    • "Cooperation in a Peer Production Economy : Experimental Evidence from Wikipedia"
  • February 3, 2 pm
    Eleni Iliopulos (PSE)
    • "Welfare costs of fluctuations in a search model with financial frictions" (by Eleni ILIOPULOS, François LANGOT and Thepthida SOPRASEUTH)
  • January 20, 2 pm
    Frédéric Karamé (GAINS-TEPP et IRA (université du Maine et FR CNRS 3435), Dynare Team (Cepremap))
    • "Asymmetries and Markov-Switching Structural VAR"
  • January 13, 2 pm
    Alain Cohn (University of Zurich)
    • "The Price of Civic Honesty - A Lost Property Experiment"
  • September 23, 2 pm
    Roland Rathelot (CREST)
    • "Fuzzy Labor Markets and Mismatch Unemployment"
  • September 9, 3 pm
    Kenneth Knoblauch (Department of Integrative Neurosciences, Lyon)
    • "Interactions between Emotion and Appearance in Choice Behavior"

External seminars 2012-2013

Date Speaker(s) (Affiliation) Topic
July 9, 2013 Seda Ertac (Koc University, Istanbul) Parental Socialization Effort and the Intergenerational Transmission of Risk Preferences
July 9, 2013 Ragan Petrie & Marco Castillo (George Mason University, Washington D.C.) On the Stability of Risk Preferences of Children by Sex and Race
June 17, 2013 Orestis Troumpounis (University of Carlos III) Electoral Rule Disproportionality and Platform Polarization
June 10, 2013 Marija Vukotic (University of Warwick) Debt Habits, Private Lending and Sovereign Risk
May 27, 2013 Guilhem Cassan (University of Namur) Identity Based Policies and Identity Manipulation : Evidence from Colonial Punjab
May 22, 2013 Dan Friedman (UC Santa Cruz) Risky Curves : Why the standard EU model (and a fortiori PT, CPT, etc) is empirically useless
May 13, 2013 Fabrice Collard (University of Bern) Booms and systemic Banking crisis
May 7, 2013 David Dickinson (Appalachian State University) The impact of glucose administration on Bayesian v. heurist based choice
April 17, 2013 Francesco Magris (Université d’Evry - Université de Tours) Fiscal Revenues and Commitment in Immigration Amnesties
April 10, 2013 Rémy Oddou (THEMA, Université de Cergy-Pontoise) The segregative properties of endogenous juridiction formation with a land market
April 2, 2013 Carlos de Miguel (University of Vigo) A demand-based mechanism driving the income-pollution relation
March 27, 2013 David Ong (Peking University) Tiger Women : An All-Pay Auction Experiment on the Gender Heuristic of the Desire to Win
March 25, 2013 Maria Consuelo Pazo (University of Vigo) R&D, worker training and innovation : firm-level evidence
March 19, 2013 Berber Kramer (Tinbergen Institute, Amsterdam) The intra-household allocation of community-based health insurance
March 12, 2013 Frédéric Jouneau (Université de Lille 3) ‘NEXT’ events A cooperative game theoretic view to festivals
March 11, 2013 Yan Huijie & Christophe Muller (AMSE) Household Fuel Use in Rural China
February 18, 2013 Evangelos Falaris (University of Delaware) Schooling and Cohort Size : Evidence from Vietnam, Thailand, Iran and Cambodia
February 4, 2013 Jacques Silber (Bar-Ilan University) Relative Bi-Polarization and the Middle Class in Latin America. A Look at the First Decade of the 21st Century
January 28, 2013 Franck Portier (Toulouse School of Economics) News, Sentiment and Confidence in Fluctuations
January 21, 2013 Yinghua He (Toulouse School of Economics) Competitive Equilibrium from Equal Incomes for Two-Sided Matching
December 10, 2012 Claire Naiditch (Université de Lille 1) A model of high skill migration with public education
November 26, 2012 Olivier L’Haridon (Université de Rennes) Time Consistency in Groups
November 19, 2012 Baptiste Massenot (University of Lausanne) Safety traps
November 12, 2012 Paul Gomme (Concordia University and CIREQ) The Household Revolution : Childcare, Housework, and Female Labor Force Participation
October 22, 2012 Gary Charness (University of California, Santa Barbara) Let’s talk : How communication affects contract design
October 8, 2012 Enrique Fatas (University of East Anglia, Norwich) Stability
September 27, 2012 Harrie de Swart (Tilburg University) Majority Judgment (MJ) versus the Borda Majority Count (BMC)

External seminars 2011-2012

Date Speaker(s) (Affiliation) Topic
July 12, 2012 Jonas Fooken (Queensland University of Technology) Public Policy and Individual Labor Market Discrimination : An Artefactual Field Experiment in China
June 18, 2012 Antonio Niccolo (University of Padua) On the Efficiency of Partial Information in Elections
June 15, 2012 Dionissi Aliprantis (Cleveland Fed) Local Average Neighborhood Effects from Moving to Opportunity
May 29, 2012 Sabine Kröger (Laval University) Buy-It-Now Prices in eBay Auctions - The Field in the Lab
May 29, 2012 Charles Bellemare (Laval University) Measuring Ratchet Effects within a Firm : Evidence from a Field Experiment varying Contractual Commitment
May 7, 2012 Lata Gangadharan (Monash University) Empowering Neighbors versus Imposing Regulations : An Experimental Analysis of Pollution Reduction Schemes
May 7, 2012 Christophe Chamley (Boston University & PSE) Debt policy under constraints between Philip II, the Cortes and Genoese bankers
March 26, 2012 Patrick Leoni (Euromed, Marseille) Can Patent Duration Hinder Medical Innovation for Neglected Diseases ?
January 30, 2012 Jeroen van de Ven (Amsterdam Business School) A speedlying experiment : The effects of interaction and context on the ability to detect deceit
January 23, 2012 Alain de Janvry & Elisabeth Sadoulet (University of California at Berkeley) Prompting microfinance borrowers to save : A Behavioral experiment from Guatemala
January 16, 2012 Anna Khmelnitskaya (University of Twente) Owen-type value for games with two-level communication structures
January 9, 2012 Sabrina Teyssier (INRA - ALISS) Signaling Corporate Social Responsibility : Testing Third-Party Certification vs. Self-Regulation in the Lab
December 13, 2011 Edoardo di Porto (Sapienza, Universita Roma) Undeclared Work and Wage Inequality
December 12, 2011 Dramane Coulibaly (CEPII) Does inflation targeting decrease exchange rate pass-through in emerging countries
December 5, 2011 Guido Friebel (University of Frankfurt) Are Policemen different ?
December 5, 2011 Francis Kramarz (CREST) When Strong Ties are Strong
November 28, 2011 Glenn Dutcher (University of Innsbruck) How Does the Social Distance Between an Employee and a Manager affect Employee Competition for a Reward ?
November 21, 2011 Ryo Kambayashi (Hitotsubashi University) Long-term Employment and Job Security over the Last Twenty-five Years : A Comparative Study of Japan and the U.S.
November 14, 2011 Jean-François Laslier (Ecole Polytechnique) Optimal Apportionment
November 8, 2011 Olivier Bochet (University of Bern) Egalitarianism under Earmark Constraints
October 25, 2011 Gary Charness (University of California, Santa Barbara) Equilibrium Selection and Random Networks in Experimental Games
October 24, 2011 Marco Piovesan (Harvard Business School) Honesty, Hypocrisy and the Context
October 18, 2011 David Pérez-Castrillo (Universidad Autonoma de Barcelona) Optimal Investment and Exiting Strategy for CVC and IVC Backed Spin-offs
October 17, 2011 Inés Macho-Stadler (Universidad Autonoma de Barcelona) Research Output from University-Industry Collaborative Projects
October 3, 2011 Martin Grandes (Pontificia Universidad Católica Argentina) With or Without a Paradox : Diving into the Distribution of World Capital
September 5, 2011 Raja Junankar (University of Western Sydney) An examination of personality in occupational choice

External Seminars 2010-2011

Date Speaker(s) (Affiliation) Topic
July 11, 2011 Nikos Nikiforakis (University of Melbourne) Normative Conflict and Feuds : The Limits of Self-Governance
June 27, 2011 Charles Noussair (Tilburg University) Higher Order Risk Attitudes, Demographics, and Financial Decisions
June 24, 2011 Yves Zenou (Stockholm University) Criminal Networks : Who is the Key Player ?
June 17, 2011 Sylvain Bourjade (Toulouse Business School) The Roles of Reputation and Transparency on the Behavior of Biased Experts
May 30, 2011 Guy Lacroix (Université Laval) Assessing the Impact of a Wage Subsidy for Single Parents on Social Assistance
May 23, 2011 Hélène Huber (PSE) An Experimental Approach of Health Insurance Demand (Gajdos, Huber, Massoni et Vergnaud)
May 16, 2011 Fabien Rondeau (Université de Rennes 1 & CREM-CNRS) The Extensive Margin of Bilateral Trade Flows and Business Cycle Synchronization
May 9, 2011 David Cantala (Colegio de México, Ecole Polytechnique) Markovian assignment rules
April 18, 2011 Antoinette Baujard (Université de Caen) Which result for which voting rule ?
April 11, 2011 Michel Normandin (HEC Montreal) Stock Returns and Monetary Policy : Are There Any Ties ?
April 4, 2011 Laurence Jacquet (NHH Bergen) Optimal Redistributive Taxation with both Extensive and Intensive Responses
March 28, 2011 Hafedh Bouakez (HEC Montreal) Measuring the Effects of Fiscal Policy
March 21, 2011 Tor Eriksson (Aarhus University) Wages or Fringes ? Some Evidence on Trade-offs and Sorting
March 14, 2011 Frédéric Dufourt (BETA, Strasbourg) On stabilization policy in sunspot-driven oligopolistic economies
February 28, 2011 Matthias Sutter (University of Innsbruck) What Drives Taxi Drivers ? A Field Experiment on Fraud in a Market for Credence Goods
February 14, 2011 Stéphane Auray (Université Lille 3 (GREMARS), Université de Sherbrooke (GREDI) and CIRPÉE) Bargaining Frictions, Labor Income Taxation, and Economic Performance
February 7, 2011 Sonia Jimenez (Université de Lyon 2) Information and the Dispersion of Cross-Border Equity Holdings
January 31, 2011 Sonia Paty (Université de Caen) Does Fiscal Cooperation Increase Local Tax Rates ?
January 24, 2011 Johannes Abeler (University of Nottingham) Fungibility, Labels, and Consumption
December 13, 2010 Véronique Thelen (Toulouse School of Economics) Where to Spend Foreign Aid to Counter Terrorism
December 10, 2010 Susumu Imai (Queen’s University) The Effect of Workfare Policy on Crime
November 29, 2010 José Teba (Universidad de Sevilla) Impact in regional and national innovation systems of Scientific and Technological Parks
November 15, 2010 Stéphane Luchini (GREQAM) Preference elicitation under oath
October 11, 2010 Eve Caroli (PSE & EconomiX) Working in family firms : less paid but more secure ? Evidence from French matched employer-employee data
October 4, 2010 Yannick Gabuthy (Université de Franche-Comté & CRESE) Conventional versus Final-Offer Arbitration
September 22, 2010 Arnaud Dragicevic (CIRANO, Montréal) Dynamics of a Threshold Public Goods Game in Ambiguity
September 20, 2010 Lorenz Goette (HEC Lausanne) Overconfidence is a Social Signaling Bias

External Seminars 2009-2010

Date Speaker(s) (Affiliation) Topic
July 5, 2010 Christoph Merkle (University of Mannheim) The Beliefs of Others - The Financial Crisis and Stock Market Expectations
June 28, 2010 Krista Jabs (Webster University Geneva) An Analysis of Market-Based and Statutory Limited Liability in Second Price Auctions
June 21, 2010 Peter Kuhn (University of California, Santa Barbara) Gender Discrimination in Job Advertisements : Theory and Evidence
June 7, 2010 Krisztina Molnar (NHH, Bergen) Learning in Survey Expectations of Inflation
May. 31, 2010 Antoine Bommier (Toulouse School of Economics) Comparative Risk Aversion : A Formal Approach with Applications to Savings Behaviors
May. 20, 2010 Guy Lacroix (Université Laval) Evaluating the Impact of a Wage Subsidy Using a Field Experiment : An Evaluation
May. 17, 2010 Denis Bolduc (Université Laval) On estimation of Hybrid Choice Models
May. 10, 2010 Sacha Bourgeois-Gironde (Institut Jean-Nicod, ENS, Paris) Neural encoding of currencies and possible implications for money-emergence models
May 3, 2010 Frédéric Deroian (GREQAM) Risk Taking under Heterogenous Revenue Sharing
Apr. 29, 2010 Olivier Gergaud (Université de Reims Champagne-Ardenne) Stardom and Perceived Talent
Apr. 26, 2010 Alain Trannoy (GREQAM-IDEP) Option Luck versus Brute Luck, Dworkin is right : lessons from a lab experiment
Apr. 12, 2010 Ananish Chaudhuri (University of Auckland) Does Strategic Play Explain the Decay in Contributions in a Public Goods Game ? Experimental Evidence
Apr. 2, 2010 Taiji Furusawa (Hitotsubashi University) Firm Heterogeneity under Financial Imperfection : Impacts of Trade and Capital Movement
Apr. 1, 2010 Tim Cason (Purdue University) Reducing Efficiency through Communication in Competitive Coordination Games
Mar. 29, 2010 Nicolas Pistolesi (Toulouse School of Economics) Human capital and the life cycle variance of wages
Mar. 22, 2010 Bruno Ventelou (GREQAM et SE4S) Estimates of alternative scenarios of scaling-up of ART treatment in an agent-based micro-simulation model
Mar. 16, 2010 Harald Wiese (University of Leipzig) Towards an evolutionary cooperative game theory
Mar. 15, 2010 Stefan Trautmann (Tilburg University) Reference Dependence for Ambiguity
Mar. 8, 2010 Wendelin Schnedler (University of Heidelberg) Attitudes towards Uncertainty and Randomization : An Experimental Study
Mar. 4, 2010 David Dickinson (Appalachian State University) Sleep choice and circadian mismatch affects strategic reasoning
Mar. 1, 2010 Etienne Wasmer (Sciences Po) Using Alsace-Moselle’s natural experiment (1870-1918) to estimate the unemployment effects of the 1989 French RMI (Revenu Minimum d’Insertion)
Jan. 18, 2010 Frédéric Jouneau (University of Lille 3) Riots, Battles and Cycles
Dec. 18, 2009 Michel Normandin (HEC Montréal) Measuring the Effects of Fiscal Policies
Dec. 14, 2009 Philippe de Donder (Toulouse School of Economics) Adverse Selection, Moral Hazard and Propitious Selection
Nov. 30, 2009 Ron Harstad (University of Missouri) Auctioning Rights to Choose When Competition Persists
Nov. 23, 2009 Martin Kocher (University of Munich) Equality, Equity, or Incentives : An Experiment
Nov. 16, 2009 Jason Aimone (George Mason University) Betraying Trust : An Experimental Study
Oct. 19, 2009 Yih-chyi Chuang (National Chengchi University Taiwan) Heterogeneity and Human Capital Investment : Estimating Rates of Return to Education in Taiwan
Oct. 5, 2009 Marc Fleurbaey (CERSES-University Paris 5) What Good is Happiness ?
Oct. 1st, 2009 Jan Potters (Tilburg University) Buyer Confusion and Market Prices
Sept. 28, 2009 Luis Santos-Pinto (HEC Lausanne) Preference for Skew in Lotteries : Evidence from the Laboratory
Sept. 7, 2009 Anders Poulsen (University of East Anglia) Do People Make Strategic Commitments ? Experimental Evidence on Strategic Information Acquisition

External Seminars 2008-2009

Date Intervenant(s) (Institution) Titre
6 juillet 2009 Ariell Reshef (University of Virginia) Wages and Human Capital in the U.S. Financial Industry : 1909-2006
15 juin 2009 Bernard Fortin (Université Laval, Québec) Are Children Decision-Makers Within the Household ?
8 juin 2009 Paul Frijters (Queensland University of Technology ) The cult of Theoi. Experiments on economic uncertainty and sacrifices
25 mai 2009 Takao Kato (Colgate University) Peer Effects, Social Networks and Intergroup Competition in the Workplace
18 mai 2009 Emmanuel Flachaire (GREQAM, Université Aix-Marseille III) Goodness-of-Fit : An Economic Approach
11 mai 2009 Jeffrey Carpenter (Middlebury College) Why Volunteer ? Evidence on the Role of Altruism, Reputation, and Incentives
4 mai 2009 Michael Bergman (University of Copenhagen) Currency Crises and Monetary Policy in an Economy with Credit Constraints and Risk Premium
21 avril 2009 (mardi) Tor Eriksson (Aarhus School of Business, Denmark) Vacancy Duration, Wage Offers, and Job Requirements - Pre-Match Data Evidence
20 avril 2009 Peter Wakker (Erasmus University, Rotterdam) An Efficient Way to Grade Students, to Measure Subjective Degrees of Beliefs, and to Obtain Neuro-Imaging Data for Free, Based on Modern Theories of Risky Behavior
23 mars 2009 Adrian van Deemen (Radboud University, Nijmegen) Structure-induced (Dis)equilibrium : An Application of Social Choice Theory to Organizational Decision Making
16 mars 2009 Gilles Dufrénot (GREQAM-EHESS, Marseille) Terms of trade shocks in a monetary union : an application to West Africa
9 mars 2009 Katheline Schubert (Université Paris I Panthéon-Sorbonne & PSE) La valeur du carbone : niveau initial et profil temporel optimaux
3 mars 2009 (mardi, 15h30) Jérémy Laurent-Lucchetti (HEC, Montréal) Choosing and sharing
2 mars 2009 David Masclet (CREM) Inequality and riot : Experimental Evidence
23 fév. 2009 (11h00) Sébastien Pouget (IAE, University of Toulouse) Experimental Bubbles : Rational and irrational motives for speculation
2 fév. 2009 Mathieu Lefèbvre (Université de Liège) Unemployment and early retirement in a model with age-specific heterogeneity
26 jan. 2009 Andrew Plantinga (Oregon State University) The Efficiency of Voluntary Incentive Policies for Preventing Biodiversity Loss
19 jan. 2009 Katrin Millock (CES-CNRS-Université Paris I) The Factors Behind CO2 Emission Reduction in Transition Economies
12 jan. 2009 Cecilia Garcia-Peñalosa (GREQAM) On Gender Gaps and Self-fulfilling Expectations : Theory, Policies and Some Empirical Evidence
7 jan. 2009 (mercredi) Benoît Tarroux (Université Lille 3) Robust Normative Comparisons of Socially Risky Situations
15 déc. 2008 (10h45) Marc Willinger (LAMETA, Université Montpellier 1) Weak moral motivation leads to the decline of voluntary contributions
11 déc. 2008 (jeudi, 10h30) Michiel van Leuvensteijn (CPB Netherlands) Impact of competition on the bank interest rate pass-through in the euro area
1er déc. 2008 (11h00) Arno Riedl (Maastricht University) Directed generosity in social and economic networks
24 nov. 2008 Philippe Solal (CREUSET, Université Jean Monnet Saint-Etienne) Average tree solutions for graph games
17 nov. 2008 Bill Harbaugh (University of Oregon) Using fMRI to distinguish between economic models of altruism
3 nov. 2008 Ferdinand Vieider (Erasmus University Rotterdam) Separating accountability and real incentives
20 oct. 2008 (11h00) Jack Ochs (University of Pittsburgh) Equilibrium selection in static and dynamic entry games
13 oct. 2008 Sylvain Béal (GREDEG, Université Nice Sophia Antipolis) Perceptron versus Automaton
22 sep. 2008 (14h30) David Dickinson (Appalachian State University) Cognitive dissonance, pessimism, and behavioral spillover effects
22 sep. 2008 (11h00) Monica Capra (Emory University) Attitudinal and behavioral measures of trust : a new comparison
15 sep. 2008 Vivian Lei (University of Wisconsin) Do separation laws matter ? An experimental study of commitment

External Seminars 2007-2008

Date Speaker(s) (Affiliation) Topic
Jun 23, 2008 (11:00am) Gilles Duranton (University of Toronto) Urban growth and transportation
Jun 16, 2008 Martin Grandes (American University of Paris) The Determinants of Corporate Bond Spreads in Latin America
Jun 9, 2008 Philippe Askenazy (PSE, Paris) Les managers français connaissent-ils leurs entreprises ? Les leçons de l’enquête REPONSE
Jun 2, 2008 Leonard Mirman (University of Virginia) Risk Sharing and the relationship between Real and Financial Markets
May 20, 2008 Olivier Armantier (Federal Reserve Bank of New York) Can Corruption be studied in the lab ? Comparing a Field and a Lab Experiment
May 14, 2008 (Wed) Andrew Clark (PSE, Paris) Keynesian Hospitals : Public Employment and Political Pressure
May 7, 2008 (Wed) Pierre-Philippe Combes (GREQAM, Université Aix-Marseille) The productivity advantages of large markets : Distinguishing agglomeration from firm selection
Apr. 28, 2008 Stéphane Riou (CREUSET, Université Jean-Monnet) How labor market regulation shape capital taxation ? Theory and evidence
Apr. 14, 2008 Harrie de Swart (Tilburg University) An ideal election mechanism : Balinski’s Majority Judgement
Apr. 7, 2008 Phu Nguyen Van (THEMA-CNRS, Université de Cergy-Pontoise) Transitional dynamics in a growth model with renewable and non-renewable resources
Mar. 31, 2008 (11:00am) Pablo Jensen & John McBreen (Institut Rhônalpin des Systèmes Complexes, Laboratoire de Physique (ENS
Lyon) & LET (Lyon)
Deux aspects de l’économie urbaine modélisés par l’approche "systèmes
complexes" : localisation des activités économiques, émergence des prix de l’immobilier
Mar. 17, 2008 Agnès Gramain & Jérôme Wittwer (Université Dauphine) Soutenir un parent dépendant : free-riding ou compétition ?
Mar. 3, 2008 Pierre Dubois (INRA, Toulouse) Non Linear Contracting and Endogenous Buyer Power between Manufacturers and Retailers : Identification and Estimation on Differentiated Products
Feb. 4, 2008 Bertrand Villeneuve (CREST & Université de Tours) A Case for Affirmative Action in Competition Policy
Jan. 21, 2008 Catherine Sofer (Université Paris 1) Measuring Members Shares within the Household : Why can we Use Subjective Data ?
Jan. 14, 2008 Jean-Claude Dreher (Institut des Sciences Cognitives, Lyon) Reward and decision making : insights from brain imaging
Dec. 21, 2007 (Fri, 11:00am) Ronald L. Oaxaca (University of Arizona) New Market Power Models and Sex Differences in Pay
Dec. 10, 2007 Charles Noussair (Tilburg University) ProbabilityWeighting and Regret ; Behavioral and Neurobiological Measures
Dec. 3, 2007 Marcel Boyer (CIRANO, Université de Montreal) External Financing and Strategic Technological Choices
Nov. 12, 2007 Cuong Le Van (CES, CNRS - Université Paris 1) With Exhaustible Resources, Can a Developing Country Escape from the Poverty Trap ?
Nov. 5, 2007 Vincent Merlin (CREM, CNRS - Université de Caen) Majority Efficient Representation of the Citizens in a Federal Union
Oct. 24, 2007 (Wed) Giorgio Topa (Federal Reserve Bank of New York) Place of Work and Place of Residence : Informal Hiring Networks and Labor Market Outcomes
Oct. 5, 2007 Jean-François Laslier (CNRS - Ecole Polytechnique) Experiments on voting rules