Calendrier du 13 juin 2017
Paris Seminar in Demographic Economics
Du 13/06/2017 de 16:30 à 19:30
Salle R1-15, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
IYIGUN Murat (Colorado University)
Why wait? A century of education, marriage timing and gender roles
Paris Trade Seminar
Du 13/06/2017 de 14:30 à 16:00
Campus Jourdan, 48 boulevard Jourdan, 75014 Paris, salle R2-01
ATKIN David (MIT)
*Who's Getting Globalized? The Size and Implications of Intranational Trade Costs
écrit avec Dave Donaldson (Stanford)
Texte intégral
Applied Economics Lunch Seminar
Du 13/06/2017 de 12:30 à 13:30
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BLANCHET Thomas ()
Generalized Pareto Curves: Theory and Applications
écrit avec Juliette Fournier and Thomas Piketty
We define generalized Pareto curves as the curve of inverted Pareto coefficients b(p), where b(p) is the ratio between average income or wealth above rank p and the p-th quantile Q(p) (i.e. b(p) = E[X|X > Q(p)]/Q(p)). We use them to characterize and visualize power laws. We develop a method to nonparametrically recover the entire distribution based on tabulated income or wealth data as is generally available from tax authorities, which produces smooth and realistic shapes of generalized Pareto curves. Using detailed tabulations from quasi-exhaustive tax data, we demonstrate the precision of our method both empirically and analytically. It gives better results than the most commonly used interpolation tech- niques. Finally, we use Pareto curves to identify recurring distributional patterns, and connect those findings to the existing literature that explains observed distributions by random growth models.
Régulation et Environnement
Du 13/06/2017 de 12:00 à 14:00
Salle R1-15, Nouveau Bâtiment, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
DAVIS Lucas (Stanford University)
Do Energy Eciency Investments Deliver at the Right Time?
écrit avec Judson Boomhower
Abstract
Electricity cannot be cost-e ectively stored even for short periods
of time. Consequently, wholesale electricity prices vary widely across
hours of the day with peak prices frequently exceeding o -peak prices
by a factor of ten or more. Most analyses of energy-eciency policies
ignore this variation, focusing on total energy savings without regard
to when those savings occur. In this paper we demonstrate the impor-
tance of this distinction using novel evidence from a rebate program for
air conditioners in Southern California. We estimate electricity savings
using previously unavailable hourly smart-meter data and show that
savings tend to occur during hours when the value of electricity is high.
This signi cantly increases the overall value of the program, especially
once we account for the large capacity payments received by generators
to guarantee their availability in high-demand hours. We then com-
pare this estimated savings pro le with engineering-based estimates for
this program as well as a variety of alternative energy-eciency invest-
ments. The results illustrate a surprisingly large amount of variation in
economic value across investments.