Francesco Decarolis (Boston University) - with Giancarlo Spagnolo and Riccardo Pacini
Francesco Decarolis is assistant Professor of Economics at Boston University – Boston (MA), USA –, Junior Fellow at the Hariri Institute for Computing and Computational Science (Boston University), Adjunct Senior Fellow at the L. Davis Insitute for Health Economics (Wharton, University of Pennsylvania) and collaborates with the research center EIEF (Bank of Italy). He holds a BA in Economics from Universita’ Bocconi, Milan, and a MA and PhD in Economics from the University of Chicago. Prior to joining Boston University, he worked at the Bank of Italy, the University of Wisconsin Madison and the University of Pennsylavnia. His research is on Industrial Organization, with a focus on public procurement, auctions and health economics. His main publications as well as more details about his research activity are available at: http://people.bu.edu/fdc/
Abstract : Reputational incentives are a powerful mechanism to improve suppliers’ performance, so strong to possibly start to influence suppliers’ behavior even before they are put in place. This paper presents a real experiment that provides empirical evidence on the effect of announcing the use of past performance information when awarding a public procurement contract. Suppliers react improving actual performance of the contract. Explicitly linking past (actual) performance to actual (future) award may help to solve the moral hazard problem in public procurement. While this is allowed by the US legislation, EU public procurement directives, which place competition above all, forbids to use past performance information at the awarding stage. However, this experiment suggests that the gains from avoiding suppliers’ moral hazard when executing the contract may be higher than those from enforcing competition always and everywhere.
You're kindly invited to join our Information Session about International MBA and Master of Business Administration on January 22nd, 2015 at 7pm.
Stéphane Saussier and Damien Mourey, MBA's programs directors will introduce these programs and answer all your questions.
You are student and you are interested by one of the IAE de Paris program? Come in the IAE de Paris premises to meet the faculty and graduates from each of our degree programs.
If you are a professional and you feel restricted in your current position, our program directors will be happy to answer all your questions.
See you at IAE de Paris on Saturday, March 28th from 1 pm to 5 pm.
The QS World MBA Tour is one of the most prestigious MBA fair in the world and is perfect for anybody looking to begin studying an MBA.
From 3:30 PM to 6:00PM, you can meet IAE de Paris to have more information about our programs :
- Global Partners MBA : A 14-month program, in four continents, to understand the international market
- International MBA : A 17-month part-time program focuses on building core business management competencies
More information about the QS World MBA Tour and the programme
You're kindly invited to join our Information Session about International MBA and Master of Business Administration on April 16th, 2015 at 6:30 pm.
Stéphane Saussier and Damien Mourey, MBA's programs directors will introduce these programs and answer all your questions.
This conference focuses on the recent developments in contract theories. Papers are invited on all topics of contract theories including: Relational contracting, transaction costs, renegotiations, incentives, award mechanisms, incomplete contracting, contract design, benchmarking, privatization, corruption, institutions.
Papers presented may be theoretical or applied. A special attention will be given to proposals addressing issues related to procurement and public-private arrangements.The conference will bring together academics, policymakers and practitioners to discuss those issues. The conference format will be designed to facilitate informal interactions among participants and promote future collaborations.
Organization
The conference is organized in cooperation with the Florence School of Regulation , the IESE Business School, the Centre for Market and Public Organisation at the University of Bristol, the Regulation and Governance research group at Paris Dauphine and the Paris School of Economics -- OSE Labex.
From June 4th to 6th, IAE de Paris celebrates the ten years of Global Partners MBA. This MBA was created in 2005 with his two partners: Georgia State University (Atlanta, USA) and COPPEAD – UFRJ (Rio, Brazil).
For this event, MBA’s students are going to follow a prestigious program. They’re going to visit La Sorbonne and the Stade de France and assist to a conference of Pr. Michel DESBORDES about the difference between sport management in Europe and USA. The evening will be at Chateau d’Ermenonville.
La Banque Postale, Finance Concepts, l'IAE de Paris, l'Institut Louis Bachelier, l'Institut Télécom et Zeliade Systems are pleased to invite you to the 17th Parisian Model Validation Seminar.
In July 2009, the Basel Committee issued a directive requiring that financial institutions quantify “model risk”. The Committee further states that “banks must explicitly assess the need for valuation adjustments to reflect two forms of model risk: the model risk associated with using a possibly incorrect valuation methodology; and the risk associated with using unobservable (and possibly incorrect) calibration parameters in the valuation model." At first glance, this seems to be a simple adjustment to the risk assessment framework already defined by “Pillar II” directives, adding “model risk” to the panel of risks that already include market risk and specific risk. It turns out that measuring model risk is a much more complex task, and this directive creates new challenges for academic researchers as well as practitioners.
With two talks by:
Quentin Archer et Pierre Mouy (LCH Clearnet)
Generating plausible stress scenarios: a portfolio based approach
Thomas Breuer (PPE Research Centre, FH Vorarlberg)
Systematic stress tests and model risk
The purpose of the Parisian Model Validation Seminar is to gather academic researchers and practitioners involved in the field of model risk and model validation. The seminar has a session every three months, organized around an academic talk and a practitioner one. A time of discussion/networking follows each session.
You're kindly invited to join our Information Session:
on January 20th, 2015 at 7pm
I.A.E., 8 Bis rue de la Croix Jarry 75013 Paris
More informations, click here.
You're kindly invited to join our Information Session:
on January 20th, 2015 at 7pm
I.A.E., 8 Bis rue de la Croix Jarry 75013 Paris
More informations here.
You can meet us at the QS World MBA Tour on Saturday, October 15th from 3.30 pm
Address : Hôtel Le Collectionneur 51-57 rue de Courcelles 75008 Paris
Pr. Eric LAMARQUE was named as successor to Pr. Jean-Pierre HELFER, who had been Dean of IAE de Paris since 2013.
Finance Professor at IAE de Paris, since November 2013, Pr. Eric LAMARQUE has been the Director of the Master of Finance and a member of IAE de Paris’ Board. He heads the Scientific Committee of the Research group dedicated to financial innovation for French agriculture (FINAGRI Chair), as well as, the Research group on Management and governance of financial co-op (MGCF Chair).
