Jump to navigation
Jean-François Brocard, and Michel Cavagnac
vol. 12, n. 1, February 2017, pp. 65–88
We study the effects of completing the legal framework of matchmakers with a rule designating which party must pay the commission. The paper examines the two rules currently open to debate at the international level in sport: the "player-pays" principle and the "club-pays" principle. We find that...
Thilak Mallawaarachchi, Céline Nauges, John Quiggin, and Orion Sanders
vol. 61, n. 1, January 2017, pp. 36–55
The agricultural sector is commonly regarded as one of the most vulnerable to climate change. Current understanding of the impact of climate change on this sector relies on the underlying assumptions about farmers’ possible responses to weather variability, including changes in crop choice, input...
Céline Nauges
vol. 66, n. 1, January 2017, pp. 65–88
Nataliya Klimenko, and Jean-Charles Rochet
vol. 68, January 2017, pp. 92–102
We develop a simple macroeconomic model with extreme financial frictions (no credit markets) and show that poverty traps can emerge even in the absence of leverage. In our model, farmers produce fruit by renting land from landlords. Crops are exposed to aggregate shocks (weather risk). To guarantee...
Olivier Faugeras
vol. 5, n. 1, January 2017, pp. 121–132
In this note, we elucidate some of the mathematical, statistical and epistemological issues involved in using copulas to model discrete data. We contrast the possible use of (nonparametric) copula methods versus the problematic use of parametric copula models. For the latter, we stress, among other...
Jihyun Kim, and Joon Park
vol. 196, n. 1, January 2017, pp. 37–54
We provide the asymptotic theory for functionals of recurrent diffusions. Our asymptotics are completely general and applicable for all cases, including positive and null recurrent diffusions, and diffusions with and without the integrabil- ity conditions. They are established directly from the...
Michael Gurven, Astrid Hopfensitz, Hillard Kaplan, and Jonathan Stieglitz
vol. 38, n. 1, January 2017, pp. 71–81
Two disparate views of the sexual division of labour have dominated the 53 representation of intra-household resource allocations. These joint and separate interests 54 views differ in their interpretation of the relative roles of men and women, and make different 55 predictions about the extent to...
Jean-Paul Décamps, S. Gryglewicz, E. Morellec, and Stéphane Villeneuve
vol. 30, n. 1, January 2017, pp. 162–210
We develop a dynamic model of investment, financing, liquidity and risk manage- ment policies in which firms face financing frictions and are subject to permanent and temporary cash ow shocks. In this model, the cash- ow sensitivity of cash increases with financing constraints and cash ow...
Jean-François Bonnefon, Wim De Neys, and Astrid Hopfensitz
vol. 40, January 2017, pp. 24–25
Research on trustworthiness perception from faces has unfolded in a way that is strikingly reminiscent of Jussim's narrative in his 2012 book. Jussim's analysis warns us against overemphasizing evidence about prejudice over evidence about accuracy, when both are scant; and reminds us to hold all...
Samuel Maistre, Pascal Lavergne, and Valentin Patilea
vol. 180, January 2017, pp. 13–29
We address the issue of lack-of-fit testing for a parametric quantile regression. We propose a simple test that involves one-dimensional kernel smoothing, so that the rate at which it detects local alternatives is independent of the number of covariates. The test has asymptotically gaussian...
