Recherche avancée

Prosper Dovonon, Silvia Goncalves, Ulrich Hounyo et Nour Meddahi

vol. 114, n° 526, 2019, p. 793–803

Lydie Ancelot, Liliane Bonnal et Greivis Buitrago-Gamez

vol. XXXIV, n° 4, 2019, p. 151–199

Davy Paindaveine et G. Van Bever

vol. 106, n° 4, décembre 2019, p. 913–927

Christian Gouriéroux, Alain Monfort et Jean-Michel Zakoïan

vol. 87, n° 1, 2019, p. 327–345

In a transformation model , where the errors are i.i.d. and independent of the explanatory variables , the parameters can be estimated by a pseudo‐maximum likelihood (PML) method, that is, by using a misspecified distribution of the errors, but the PML estimator of is in general not consistent. We...

Zohra Bouamra-Mechemache, Vincent Réquillart et Laurent Sirugue

vol. 74, 2019, p. 193–202

Dans le cadre d’une recherche sur les substitutions entre produits végétaux et produits animaux, nous étudions l’adoption par les consommateurs des « yaourts » au soja. Nous montrons tout d’abord qu’après 30 ans d’existence, les yaourts au soja ne représentent que 2% du marché global des yaourts....

William Goetzmann, David Le Bris et Sébastien Pouget

vol. 132, n° 1, 2019, p. 248–265

We study asset pricing over the longue durée using share prices and net dividends from the Bazacle company of Toulouse, the earliest documented shareholding corpo- ration. The data extend from the firm's foundation in 1372 to its nationalization in 1946. We find an average dividend yield of 5% per...

Bård Harstad, Alessia Russo et Francesco Lancia

vol. 17, n° 1, 2019, p. 1–30

This paper analyzes a game in which countries repeatedly make emission and technology investment decisions. We derive the best equilibrium, i.e., the Paretooptimal subgame-perfect equilibrium, when countries are insufficiently patient for folk theorems to be relevant. Relative to the first best,...

Desheng Huang, Henrik Andersson et Shiqiu Zhang

vol. 61, n° 12, 2019, p. 2207–2229

This study reports the results from a discrete choice experiment (DCE) conducted in Beijing China. The aim and the objectives of the study are to elicit monetary values for the value of a statistical life (VSL) and the value of a statistical illness (VSI) that can be considered for policy purposes...

Sara Capacci, Céline Bonnet, Mario Mazzocchi et Olivier Allais

vol. 14, n° 10, 2019

We estimate the price and consumption effects of the 2012 French tax on sweetened non-alcoholic drinks using a difference-in-difference approach. Our identification strategy exploits Italian data as a natural control group. We use French and Italian Consumer Price Indices, purchase prices and...

Abdelaati Daouia, Irene Gijbels et Gilles Stupfler

vol. 114, n° 527, 2019, p. 1366–1381

Quantiles and expectiles of a distribution are found to be useful descriptors of its tail in the same way as the median and mean are related to its central behavior. This paper considers a valuable alternative class to expectiles, called extremiles, which parallels the class of quantiles and...