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Christian Gollier
vol. 69, January 2015, pp. 53–61
The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate when international credit and risk-sharing markets are inefficient. We consider an economy in which initial consumption levels and growth expectations are heterogeneous. In the...
Helmuth Cremer, and Firouz Gahvari
vol. 126, January 2015, pp. 91–95
We show that the celebrated Atkinson and Stiglitz (1976) result on the uniformity of the commodity tax rates when preferences are weakly separable between goods and leisure does not hold when (at least) one of the goods is produced within the household. The result is restored if preferences are...
Jean Jacques Droesbeke, Gilbert Saporta, and Christine Thomas-Agnan
Technip, January 2015
Helmuth Cremer, Pierre Pestieau, and Kerstin Roeder
vol. 28, n. 1, January 2015, pp. 195–217
This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal amount...
January 29, 2015
Claude Crampes, and Thomas-Olivier Léautier
Augustin Landier, and David Thesmar
Bruno Biais
January 28, 2015
Jacques Delpla
January 22, 2015
Stefan Ambec
