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Firms, environment and natural resources

14/06/2010

14-16 June 2010

This workshop deals with the working and regulation of markets for polluting products and natural resources, as well as the emergence of the so-called “eco-industry”.



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The presentations address various issues such as:

- asymmetric information between the government or an environmental agency and the polluting industry or the supplier of an exhaustible resource ;
- the role played by the government both in setting a market for tradeable emissions permits and designing environmental taxation ;
- government’s commitment to reduce polluting emissions and provide firms with credible incentives to invest in R&D ;
- the regulation of polluting activities, risky activities and the encouragement of carbon offsets such a forestation ;
- the emergence of an eco-industry due to the growing concern for the environment ;
- the difficulty of international cooperation for the environment.


Industrial Organization and the Food Processing Industry

10/06/2010

June 10-11, 2010

L'objectif de cette conférence est de discuter des dernières contributions théoriques et empiriques dans le domaine du fonctionnement des marchés alimentaires. Une attention particulière sera accordée à l'analyse formelle du comportement des marchés industriels, aux relations entre agriculture, industries de transformation des aliments, aux réseaux de distribution et aux nouvelles problématiques des questions de santé. Les sujets concernent la nourriture et la santé (obésité, politique publique, …), le marketing dans la distribution alimentaire, le comportement et le pouvoir du marché dans l'industrie de transformation alimentaire, les relations contractuelles dans la chaîne agro-alimentaire, les coopératives et les contrats, la qualité des produits, de l'information et de la sécurité alimentaire, des droits de propriété intellectuels et de la biotechnologie, les OGM, , la performance et l'analyse de la productivité du secteur agro-alimentaire.



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Topics to be covered include food and health (obesity, public policy, …), marketing in food retailing, market conduct and market power in the food processing industry, contractual relationships in theagro-food chain, cooperatives and contracts, product quality, information, and food safety, intellectual property rights and biotechnology, GMO, performance and productivity analysis of the agro-food sector.


CEPR conference on Applied Industrial Organization

27/05/2010

The CEPR Applied IO conference series aims to contribute to an analytical understanding of the issues raised by competition and investment, develop empirical protocols and tests of economic models, promote the exchange and the dissemination of results at the forefront of research, and finally, evaluate current competition and regulation policies.



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It covers the state of the art in applied and empirical industrial organization.  Pinelopi Goldberg (Princeton University), Roman Inderst (University of Frankfurt and CEPR) and Jonathan Levin (Stanford University) have confirmed their participation as keynote speakers.

The conference is preceded by the Seventh CEPR School in Applied Industrial Organisation. The aim of the annual School is to provide a forum for intellectual exchanges between PhD students and more experienced researchers in the field of industrial organisation.


Karine Van Der Straeten winner of the CNRS Bronze Medal

What are your main research fields?

My main research fields are public economics and political economy. I am particularly interested in using economic tools (game theory, experiments,…) to study political institutions. In particular, I use game theoretical models to explore some of the properties of representative democracy. Will elections provide politicians with the right incentives to transmit all the relevant information about their platforms or the state of the economy to voters? How will the electoral competition between parties shape the kind of platforms that they will propose? These are the kind of questions that I have been addressing for some years.



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What is your recent research?
More recently, I have also had an interest in doing experiments on voting rules. Elections are the keystone of representative democracies. Yet, the details of the voting rules – whether one uses one round plurality, two round voting rules, proportional representation - might prove to be important in shaping the electoral outcomes. I have run experiments, both large scale and laboratory experiments, to study the impact of the voting rule on a number of parameters: number of viable candidates, likelihood that a consensual policy is chosen, incentives for voters to vote strategically, etc.

Those studies on voting rules may help shed some light on issues that were recently in the news. Many deplore the low turnout rates that were observed in many countries during the last European Parliament elections. Reforming the electoral system of the European Parliament, although unlikely to change the perception of those elections as 'second order' elections, could given citizens more electoral power, and help foster their interest in those elections. For example, introducing open ballots (preferential voting or alternative voting which are used in a majority of European countries, rather than the closed lists system as is the case now in France) could allow citizens to really choose the candidates that they will send to the Parliament, instead of giving most of the power to parties at the national level. This could induce candidates to campaign directly to citizens and enable citizens to reward incumbents for good performance in the European Parliament.

I am now part of a large international project supported by the Research Council of Canada, entitled “Making Electoral Democracy
Work”, which brings together political scientists, economists and psychologists from Canada, Europe and the US, to compare
electoral institutions across countries, using theoretical models, electoral surveys and experiments. Visit the project website:
http://electoraldemocracy.com/


Prize for best young researcher in Finance by the Europlace Institute of Finance (2009)

Thomas Mariotti, researcher at Toulouse School of Economics (TSE), has been awarded the prize for best young researcher in Finance by the Europlace Institute of Finance on 16th December 2009.

His research aims at reconciling Corporate Finance and Market Finance, two fields that have evolved independently, one from the other, since 1960. In particular, in order to concentrate on the evolution of derivative products, Market Finance has deliberately left aside all strategic and contractual relationships between managers and shareholders of the firms. To study these derivatives it uses very sophisticated mathematical techniques.



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Thomas Mariotti and his colleagues, Bruno Biais, Guillaume Plantin, Jean-Charles Rochet and Stéphane Villeneuve, have developed dynamic models describing the behavior of firm managers. According to them, it is optimal for a manager’s pay to be based on the long-term performance of the firm. For instance, bonuses should only be given in the case of positive results over a sufficiently long period. These bonuses should be suspended if the performance of the firm deteriorates. If necessary, the government should make sure that these rules are clear and simple.


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