Calendrier du 15 décembre 2016
Macroeconomics Seminar
Du 15/12/2016 de 16:30 à 17:45
Maison des Sciences Économiques106-112 Boulevard de l'Hôpital75013 Paris --Salle 116
PINTUS Patrick (Banque de France)
*The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate
écrit avec Yi Wen (Federal Reserve Bank of St. Louis & Tsinghua University) and Xiaochuan Xing (Yale University)
Travail et économie publique externe
Du 15/12/2016 de 13:00 à 14:15
LALIVE Rafael (Univ. of Lausanne)
How do Pension Wealth Shocks affect Working and Claiming?
écrit avec Stefan Staubli, University of Calgary
TOM (Théorie, Organisation et Marchés) Lunch Seminar
Du 15/12/2016 de 13:00 à 14:00
COUANAU Quentin (PSE)
Cooperation versus competition under ambiguity aversion
Abstract : We study a principal-agent model with two agents and two positively correlated tasks. We assume that agents face ambiguity (or knightian uncertainty) regarding the tasks and are averse to ambiguity. Our focus is on whether the presence of ambiguity aversion favors cooperation or competition between agents, as compared to risk aversion. We show that the effect of ambiguity is twofold. It lowers the power of incentives making agents' wages less sensible to performance, while it increases significantly the cost of implementing relative incentives. As a consequence, the principal does not necessarily choose relative incentives, even in situations where they would always be optimal under risk. Allowing for agents to cooperate, we show that ambiguity aversion favors cooperation between agents while risk aversion favors competition.
Behavior seminar
Du 15/12/2016 de 12:00 à 13:00
Campus jourdan,Bâtiment A, Rez de chaussée, Salle 2
WEBER Giacomo (PSE)
Do gender preference gaps impact policy outcomes?
écrit avec Eva Ranehill