Calendrier du 26 novembre 2018
Roy Seminar (ADRES)
Du 26/11/2018 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
LIPNOVSKI Elliot (U. of Chicago)
Cheap Talk with Transparent Motives
écrit avec Doron Ravid
We study a model of cheap talk with one substantive assumption: the
sender’s preferences are state-independent. We observe that this setting is
amenable to the belief-based approach familiar from models of persuasion with
commitment. Using this approach, we examine the possibility of valuable communication,
assess the value of commitment, and explicitly solve for senderoptimal
equilibria in a large class of examples. A key result is a geometric
characterization of the value of cheap talk, described by the quasiconcave envelope
of the sender’s value function. (JEL D83, D82, M37, D86, D72)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 26/11/2018 de 13:00 à 14:00
Maison des Sciences Economiques, Salle 116
BENASSY-QUERE Agnès (Paris 1 - PSE)
Taxing capital and labor when both factors are imperfectly mobile internationally
écrit avec Hippolyte d'Albis (PSE), Amélie Schurich-Rey
Régulation et Environnement
Du 26/11/2018 de 12:00 à 13:00
salle R1-13, campus Jourdan - 75014 Paris
SOMANATHAN Eswaran (Indian Statistical Institute)
The Impact of Temperature on Productivity and Labor Supply: Evidence from Indian Manufacturing
écrit avec Rohini Somanathan, Anant Sudarshan, and Meenu Tewari
Hotter years are associated with lower economic output in country-level data. We show that the effect of temperature on labor is an important part of the explanation. Using high-frequency micro data from selected firms in India, we find that worker productivity on hot days declines by 2 to 4 percent per degree celsius. Sustained heat also increases worker absenteeism. Using a national panel of manufacturing plants, we find similar temperature effects on output and show that these can be fully accounted for by reductions in the productivity of labor. Estimated effect sizes are consistent with studies that rely on country GDP panels.