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Abdelaati Daouia, Stéphane Girard et Gilles Stupfler
vol. 25, n° 1, février 2019, p. 264–309
The class of quantiles lies at the heart of extreme-value theory and is one of the basic tools in risk management. The alternative family of expectiles is based on squared rather than absolute error loss minimization. It has recently been receiving a lot of attention in actuarial science,...
Patrick Fève et Alain Guay
vol. 129, n° 618, février 2019, p. 877–896
This paper investigates the contribution of sentiments shocks to US fluctuations in a Structural VAR setup with long, medium and short run restrictions. Sentiments shocks are identified as shocks orthogonal to fundamentals that accounts for most of the variance of confidence. We assess our...
Ingrid Van Keilegom et Anne Vanhems
vol. 35, n° 1, février 2019, p. 73–110
We consider a semiparametric transformation model, in which the regression func- tion has an additive nonparametric structure and the transformation of the response is assumed to belong to some parametric family. We suppose that endogeneity is present in the explanatory variables. Using a control...
Helmuth Cremer et Kerstin Roeder
vol. 175, février 2019, p. 71–75
We study the taxation of couples when female wages do not re?ect their true productivity. We show that the expression for the marginal tax rates of the male spouses is the same as in a Mirrleesian world where wages re?ect true productivities. Marginal taxes for the female spouses are reduced...
Henrik Andersson, Elodie Levivier et Gunnar Lindberg
vol. 123, février 2019, p. 170–175
Stated preference (SP) methods are often used to elicit an affected population’s preferences for, e.g., increased safety or better environmental quality. SP methods are based on hypothetical market scenarios which have advantages, since decision alternatives are known to the analysis, but also...
Kene Boun My et Benjamin Ouvrard
vol. 55, février 2019, p. 24–48
An experiment is proposed in which the subjects could contribute to a public good which could be thought of as reducing pollution, which was stochastic. A nudge (announcement of the socially optimal contribution) and a tax are implemented to improve the level of contributions. The environmental...
Michael Becher
vol. 31, n° 2, 1 mars 2019, p. 183–208
There is striking variation across parliamentary democracies in the power of prime ministers to employ two prominent procedures to resolve legislative conflict: the vote of confidence and the dissolution of parliament. While previous contributions in comparative politics have investigated each of...
Emmanuelle Auriol, Sara Biancini et Rodrigo Paillacar
n° 19-987, janvier 2019
Developing countries' incentives to protect intellectual property rights (IPR) are studied in a model of vertical innovation. Enforcing IPR boosts export opportunities to advanced economies but slows down technological transfers and incentives to invest in R&D. Asymmetric protection of IPR,...
Matteo Bobba, Luca Flabbi, Santiago Levy et Mauricio Tejada
n° 19-983, janvier 2019
We develop a search and matching model where firms and workers produce output that depends both on match-specific productivity and on worker-specific human capital. The human capital is accumulated while working but depreciates while searching for a job. Jobs can be formal or informal and firms...
Elisabetta Iossa, Patrick Rey et Michael Waterson
n° 19-984, janvier 2019
The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring incumbents) benefit from a cost advantage. The paper first compares the outcome of staggered and synchronous tenders, before drawing the implications for market design. We find that the...
