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Augustin Landier, and David Thesmar
June 12, 2014
June 10, 2014
Ola Andersson, Cédric Argenton, and Jörgen W. Weibull
vol. 85, May 2014, pp. 272–288
Patrick Fève, Julien Matheron, and Jean-Guillaume Sahuc
vol. 65, n. 3, May 2014, pp. 543–556
This paper studies the local dynamic properties of a simple general equilibrium model with Social vat. Strict balanced budget rules often lead to real indeterminacy of aggregate equilibrium, leaving room for « sunspots » fluctuations. In a closed-economy setup, social vat escapes this property and...
Céline Bonnet, Pierre Dubois, and Valérie Orozco
vol. 46, n. 3, May 2014, pp. 1143–1166
We show how to use a long period of observation of all food purchases at the household level to infer the profile of average individual caloric intakes according to the gender, age and the body mass index of household members. Using data from France, we apply this method to analyze the relationship...
André Grimaud, and Luc Rougé
vol. 36, n. 2, May 2014, pp. 307–331
We present a model of endogenous growth in which the use of a non-renewable resource in production yields CO2 emissions whose accumulated stock negatively affects welfare. A CCS technology enables, via some effort, a partial reduction of these emissions. We characterize the social optimum and how...
Jean Jacques Droesbeke, M. Maumy-Bertrand, Gilbert Saporta, and Christine Thomas-Agnan
Technip, May 2014
Loïc Berger
vol. 123, n. 2, May 2014, pp. 248–251
This letter develops a set of simple conditions under which an individual is willing to save an extra amount of money due to the presence of ambiguity concerning his second period wealth. This extra precautionary saving motive is naturally associated with the notion of ambiguity prudence.
Sébastien Gadat, and Fabien Panloup
vol. 50, n. 2, May 2014, pp. 564–601
In this paper, we are interested in a diffusion process based on a gradient descent. The process is non Markov and has a memory term which is built as a weighted average of the drift term all along the past of the trajectory. For this type of diffusion, we study the long time behaviour of the...
Matthew Adler, James K. Hammitt, and Nicolas Treich
vol. 35, May 2014, pp. 82–93
