Conferences - Seminars

25MAY
Thumbnail
  10:30-12:00 Unil, Extranef building, room 126

We analyze the payout decision of a financially-constrained firm that cannot raise external funds. Exogenous cash flows are generated by a two-state Markov regime-switching process and are positive in one regime and negative in the other regime. The firm is motivated to pay out dividends to impatient shareholders but is also motivated to accumulate cash ... Read more about "Tobin’s Q and Optimal Dividends, Investment, and Liquidity in a Financially-Constrained Firm"
By Andrew B. ABEL (Wharton, University of Pennsylvania)
25MAY
Thumbnail
  10:30-12:00 ODY 4 03

"Immigration and Invention: Evidence from the Quota Acts" Abstract Since (Hicks, 1932), economists have noted that inventions often economize on labor, so scarce labor should encourage more invention. But (Acemoglu, 2010) notes that in canonical macroeconomic models, plentiful labor encourages invention. The stakes of this debate are high in the policy context of mass immigration. ... Read more about "Seminar by Prof. Kirk Doran, University of Notre Dame"