Calendrier du 15 octobre 2018
Roy Seminar (ADRES)
Du 15/10/2018 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
CRIPPS Martin (University College London )
Divisible Updating
A characterisation is provided of the belief updating processes that are independent
of how an individual chooses to divide up/partition the statistical information
they use in their updating. These divisible updating processes are in general not
Bayesian, but can be interpreted as a re-parameterisation of Bayesian updating. This
class of rules incorporates over- and under-reaction to new information in the updating
and other biases. We also show that a martingale property is, then, sufficient the updating
process to be Bayesian. Very Preliminary!!
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 15/10/2018 de 13:00 à 14:00
Maison des Sciences Economiques, Salle 114
TABARKI Badis (Université Paris 1 - PSE)
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Régulation et Environnement
Du 15/10/2018 de 12:00 à 13:00
salle R1-13, campus Jourdan - 75014 Paris
MILLOCK Katrin (PSE)
The effect of flood risk information on property values around Paris
écrit avec Edwige Dubos-Paillard, University Paris 1 Panthéon-Sorbonne (Géographie-cités) and Emmanuelle Lavaine, Montpellier University (CEEM)
The paper examines the effect of information about flood zone location on property prices in the region around Paris, France, over the period 2002 to 2012. We use unique data on real estate transactions and geo-localised amenities from a major European city exploiting the different dates of implementation of special risk zoning regulation. Using an identification strategy based on a difference-in-difference specification, the results indicate that home prices for similar real estate are 3 to 7% lower when located in a flood risk zone, depending on the sub market (flats or houses), and the discount increases the higher is the flood risk designated by the regulation. The effect is attenuated for buyers coming from locations with previous flood events.