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Incentives in Managerial Pay and Voluntary Turnover (1)

Jayant Kale (Georgia State University)

TSE, 8 avril 2010, 16h15–17h45, salle 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, 29 mars 2010, 11h00–12h30, salle 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, 26 mars 2010, 12h30–14h00, salle MF 323

To be announced (1)

Harrison Hong (University of Princeton)

IDEI, 22 mars 2010, 12h30–14h00, salle MF 323

Integration of Extremal Events in Quantitative Risk Management (1)

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

Second Workshop of the Paul Woolley Research Initiative (1)

Toulouse, France, 17–18 mars 2010

To be announced (1)

Christine Parlour (UC Berkeley)

TSE, 15 mars 2010, 12h30–14h00, salle MF 323

The environment and Directed Technical Change (1)

David Hemous (Harvard University)

Toulouse : TSE, 15 mars 2010, 11h00–12h30, salle 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, 8 mars 2010, 12h30–14h00, salle 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)

8 mars 2010

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