Calendrier du 18 mars 2024
Roy Seminar (ADRES)
Du 18/03/2024 de 17:00 à 18:30
R1-09
ORTOLEVA Pietro (Princeton)
When to decide: Timing of choice in Parallel Search
écrit avec Can Urgun
Econometrics Seminar
Du 18/03/2024 de 16:15 à 17:30
CREST
WINDMEIJER Frank (University of Oxford)
The Falsification Adaptive Set in Linear Models with Instrumental Variables that Violate the Exclusion or Conditional Exogeneity Restriction
Masten and Poirier (2021) introduced the falsification adaptive set (FAS) in linear models with a single endogenous variable estimated with multiple instrumental variables (IVs). The FAS reflects the model uncertainty that arises from falsification of the baseline model. We show that it applies to cases where a conditional exogeneity assumption holds and invalid instruments violate the exclusion assumption only. We propose a generalized FAS that reflects the model uncertainty when some instruments violate the exclusion assumption and/or some instruments violate the conditional exogeneity assumption. If there is at least one relevant instrument that satisfies both the exclusion and conditional exogeneity assumptions then this generalized FAS is guaranteed to contain the population parameter of interest in large samples.
Paris Migration Economics Seminar
Du 18/03/2024 de 12:30 à 13:30
R1-14
GOBBI Paula(Université Libre de Bruxelles)
D AMELIO Tommaso(Université Libre de Bruxelles)
Inheritance and Migration: Evidence from 19th Century Italy
In the nineteenth and at the beginning of the twentieth century, Italy experienced extensive emigration flows that have been affecting the life and the economy of the country until today. In this paper we show that inheritance rules affected decisions regarding migration at the time. We exploit the quasi natural experiment provided by the Napoleonic invasion and the consequent introduction of the Code Civil, and the variability across the peninsula, to perform a difference-in-differences analysis. To do so, we build three novel datasets: one on the use of impartible inheritance at pre-unitary state level, one on inheritance practices among noble families from testaments, and one on migration before the unification of Italy, obtained through genealogical data. At the state level, we find that the change from impartible to partible inheritance led to an increase in the probability of migrating between 5 and 15%. At the family level, we perform a triple difference estimation based on the information on the inheritance practices of the nobility. For noble families, turning to partible inheritance increased the probability of migrating out of Italy by 20%.
Regional and urban economics seminar
Du 18/03/2024 de 12:00 à 13:30
R1-09
SINGH Abhijeet (PSE)
*
Régulation et Environnement
Du 18/03/2024 de 12:00 à 13:30
R1-09
SINGH ABHIJEET Manpreet (PSE)
Supplier rationing and allocation efficiency: case of renewable energy auctions in India
This paper studies allocation efficiency of auctions for solar and wind energy capacity
creation, conducted by Solar Energy Corporation of India (SECI). These
auctions have helped create 54 gigawatts of renewable electricity capacity in India.
SECI’s auctions usually have large procurement targets, which are beyond
the capacity of a single firm. The auctions are open descending bid format,
where bidders publicly reveal their capacity constraint and bid on the selling
price of their electricity. The market clearing price is the one with least excess
demand, and a residual award is provided to the last exiting bidder. In this paper,
I show that such rationing rule and asymmetric capacities of bidders lead to
inefficient allocation. I further use SECI’s bidding data to structurally estimate
the cost distribution of the bidders, and through a simple simulation exercise,
show that a sealed bid version reduces probability of inefficient selection by
20-33 percent points without affecting the payoffs.