 I worked in Toulouse in September 2016 and right before I was in Mannheim in Germany. I'm working on models of demand and supply that describe markets where products are differentiated and I use this model in combination with data on purchases and prices to understand how markets are functioning. And one example of data that we cannot observe is the discounts that consumers pay. So for instance when you're buying a car there's typically a post-it price and you get some discounts based on this. And so I'm developing a method to estimate jointly the market's determinant and these unobserved discounts. What I like about Toulouse is that it's a great city. It's not too big, not too small, it has a lot to offer and it's perfectly located between the sea and the mountain, which I love both. And Toulouse is a royal region and I'm a big fan of wine.