Calendrier du 17 octobre 2022
Roy Seminar (ADRES)
Du 17/10/2022 de 17:00 à 18:15
Salle R1-09, Campus Jourdan, 75014 Paris
KNOEPFLE Jan (QMUL)
*Should the Timing of Inspections be Random ?
A principal provides funding for a long-term project that culminates in a success or a failure. Arrival rates of success and failure are governed by an agent's hidden actions: diverting the funds for private benefit increases the likelihood of failure; investing the funds increases the likelihood of success. The principal learns about past actions by performing costly inspections.
We show that the form of the optimal timing of inspections depends only on the relative sensitivity of success and failure rates to the agent's investment choice. When investment primarily generates success, the inspection dates are predictable. When investment primarily prevents failure, the optimal timing of inspections is random.
Paris Migration Economics Seminar
Du 17/10/2022 de 12:30 à 13:30
Salle R1.15, Campus Jourdan
STUHLER Jan (U. Carlos III de Madrid)
Immigration and Monopsony: Evidence Across the Distribution of Firms
Régulation et Environnement
Du 17/10/2022 de 12:00 à 13:15
Salle R1-09, Campus Jourdan, 75014 Paris
GOUSSEBAILE Arnaud (ETH Zürich)
*Democratic Climate Policies with Overlapping Generations
An extensive climate policy literature provides various recommendations, but they are not supported democratically since the models employed consider either infinitely-lived individuals or normative social objectives (or both). In contrast, the present paper provides policy recommendations that are able to go through democratic processes. I develop an overlapping generation model with political process micro-foundations. I analyze how democratic policies, which are directly and indirectly related to climate change, differ from standard recommended policies. The novel politico-economic formula derived for the interest rate highlights that individual pure time preference, individual altruism toward descendants, and young generation political power are key determinants of democratic climate policy ambition.