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Incentives in Managerial Pay and Voluntary Turnover (1)

Jayant Kale (Georgia State University)

TSE, April 8, 2010, 16:15–17:45, room MD 301

We study the retention and allocation of managerial talent by examining the effect of equity-based compensation and promotion- based tournament incentives on voluntary turnover among non-CEO managers. We use a unique hand-collected dataset of over 3,000 managerial turnovers in which about a third...

With Exhaustible Resources, Can A Developing Country Escape From The Poverty Trap? (1)

Quang Le Van (CNRS)

Toulouse: TSE, March 29, 2010, 11:00–12:30, room MF 323

This paper studies the optimal growth of a developing non-renewable natural resource producer. It extracts the resource from its soil, and produces a single consumption good with man-made capital. Moreover, it can sell the extracted resource abroad and use the revenues to buy an imported good,...

To be announced (1)

Pierre-Olivier Weill (UCLA)

TSE, March 26, 2010, 12:30–14:00, room MF 323

To be announced (1)

Harrison Hong (University of Princeton)

IDEI, March 22, 2010, 12:30–14:00, room MF 323

Integration of Extremal Events in Quantitative Risk Management (1)

La Tour SCOR- La Défense, Paris, France, March 19, 2010

Second Workshop of the Paul Woolley Research Initiative (1)

Toulouse, France, March 17–18, 2010

To be announced (1)

Christine Parlour (UC Berkeley)

TSE, March 15, 2010, 12:30–14:00, room MF 323

The environment and Directed Technical Change (1)

David Hemous (Harvard University)

Toulouse: TSE, March 15, 2010, 11:00–12:30, room MF 323

This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation....

Liquidity and Information in Order Driven Markets (1)

Ioanid Rosu (University of Chicago)

TSE, March 8, 2010, 12:30–14:00, room MF 323

This paper proposes a dynamic model of an order driven market with asymmetric information and stochastic fundamental value. In equilibrium, informed traders submit market orders only when they see a fundamental value far from the public price; otherwise, they submit limit orders. Under fairly...

Does Monetary Policy Affect Bank Risk-Taking? (1)

Léonardo Gambacorta (BIS)

March 8, 2010

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