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Farid Gasmi, and Imène Laourari
vol. 127, June 2017, pp. 1029–1058
Algeria is strongly dependent on oil exports revenues to fuel its economy and following the 1986 oil counter-shock this country has experienced a persistent decline of its manufacturing sector. Although it has benefited from high oil prices over the last decades and implemented a myriad of economic...
Helmuth Cremer, and Firouz Gahvari
vol. 49, June 2017, pp. 11–35
This paper restores many of the Ramsey tax/pricing lessons perceived as outdated in the optimal tax literature following the Atkinson and Stiglitz (J Public Econ 6:55–75, 1976) framework wherein differential commodity taxes are considered to be redundant. The key to our findings is the...
Frédéric Cherbonnier, Marc Ivaldi, Catherine Muller-Vibes, and Karine Van Der Straeten
vol. 16, n. 2, June 2017, pp. 203–238
This paper is aimed at evaluating the net gains and trade-offs at stake in implementing the competition of the rail mode in the long distance passenger market either by means of franchise or by an open access mechanism. We simulate the outcomes of competition in and for the market using a...
Marc Henry, Koen Jochmans, and Bernard Salanié
June 2017, pp. 610–635
H.H. Bauschke, Jérôme Bolte, and Marc Teboulle
vol. 42, n. 2, May 2017, pp. 330–348
The proximal gradient and its variants is one of the most attractive first-order algorithm for minimizing the sum of two convex functions, with one being nonsmooth. However, it requires the differentiable part of the objective to have a Lipschitz continuous gradient, thus precluding its use in many...
Astrid Hopfensitz
Morris Altman (ed.), Edward Elgar, chapter 27, May 2017, pp. 479–489
James K. Hammitt
vol. 68, n. 3, May 2017, pp. 335–356
Quantitative evaluation of environmental, health, and safety policies requires a metric for the value of changes in health risk. This metric should be consistent with both the preferences of the affected individuals and social preferences for distribution of health risks in the population. There...
Anouch Missirian, and Wolfram Schlenker
vol. 107, n. 5, May 2017, pp. 436–440
We discuss an underutilized dataset to examine the causes of migration. The United Nations High Commissioner for Refugees publishes annual binational asylum applications and the resulting decisions. Asylum is granted to protect individuals from persecution. They are a small part of overall...
Bastien Cabarrou, Patrick Sfumato, Loïc Mourey, Eve Leconte, Laurent Balardy, Jean-Pierre Delord, Jean Marie Boher, and Thomas Filleron
vol. 65, n. Supplément 2, May 2017
Xue-Zhong He, and Nicolas Treich
vol. 70, May 2017, pp. 105–114
In this paper, we examine the properties of prediction market prices when risk averse traders have heterogeneous beliefs in state probabilities. We show that the equilibrium state prices equal the mean beliefs of traders about that state if and only if the traders’ common utility function is...
