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Claude Crampes, and Thomas-Olivier Léautier
July 10, 2014
David Bardey, and Philippe De Donder
Frédéric Cherbonnier
July 4, 2014
Frédéric Cherbonnier, and Emmanuel Thibault
July 3, 2014
Patrick Fève, and Ahmat Jidoud
Paris, vol. 113-114, June 2014, pp. 293–308
This paper assesses SVARs as relevant tools at identifying the aggregate effects of news shocks. When the econometrician and private agents’ information sets are not aligned, the dynamic responses identified from SVARs are biased. However, the bias vanishes when news shocks account for the bulk of...
Catarina Goulão, and Agustín Pérez-Barahona
vol. 16, n. 3, June 2014, pp. 467–490
We introduce a theoretical framework that contributes to the understanding of non-communicable chronic diseases’ (NCDs) epidemics: even if NCDs are non-infectious diseases, they may spread due to the social transmission of unhealthy activities such as unhealthy diet, physical inactivity, and...
Elisabetta Iossa, and Patrick Rey
vol. 12, n. 3, June 2014, pp. 549–574
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the agent's productivity is a stochastic function of his past productivity and investment. We show that incentives are stronger and performance is higher when the contract approaches its expiry date....
Stefan Ambec, Alexis Garapin, Laurent Muller, Arnaud Reynaud, and Carine Sebi
vol. 58, n. 2, June 2014, pp. 219–244
In a laboratory experiment we test three regulations imposed on a common-pool resource game with heterogeneous users: an access fee and subsidy scheme, transferable quotas and non-transferable quotas. We calibrate the game so that all regulations improve users’ profits compared to free-access...
David Bardey, Helmuth Cremer, and Jean-Marie Lozachmeur
vol. 44, June 2014, pp. 327–359
We study competition in two sided markets with common network externality rather than with the standard inter-group effects. This type of externality occurs when both groups benefit, possibly with different intensities, from an increase in the size of one group and from a decrease in the size of...
L. Artige, A. Dedry, and Pierre Pestieau
vol. 123, n. 3, June 2014, pp. 318–322
This letter analyzes the impact of economic integration on capital accumulation and capital flows when countries differ in their social security systems. Funding and early retirement both foster capital accumulation relative to pay-as-you-go pensions with flexible retirement. When economies...
