Recherche avancée

Erwan Pierre, Stéphane Villeneuve et Xavier Warin

vol. 8, n° 1, 2017, p. 54–81

We consider a singular control problem with regime switching that arises in problems of optimal investment decisions of cash-constrained firms. The value function is proved to be the unique viscosity solution of the associated Hamilton-Jacobi-Bellman equation. Moreover, we give regularity...

Emmanuelle Auriol, Erling Hjelmeng et Tina Søreide

n° 1, 2017

Cet article étudie comment les jeux de la règlementation, des contrôles et des sanctions destinées à protéger les consommateurs et les contribuables contre les abus des entreprises, à savoir les programmes de clémences et de procédures négociées dans le cas de lutte contre les ententes, et les...

Jean-François Bonnefon, Marco Heimann et Katia Lobre-Lebraty

vol. 12, n° 2, 2017, p. 200–215

Laurent Fresard, Ulrich Hege et Gordon Phillips

vol. 30, n° 5, 2017, p. 1539–1582

We investigate the role of industry specialization in horizontal cross-border merg- ers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of industry...

Bruno Jullien, Jérôme Pouyet et Wilfried Sand-Zantman

vol. 48, n° 3, 2017, p. 733–748

We analyze early contracting when a seller has private information on the future gains from trade and the buyer can bypass. Despite ex-post trade occurring under complete information and being efficient, early negotiation with an informed seller allows the uninformed buyer to improve her bargaining...

Jérôme Renault et Xavier Venel

vol. 42, n° 2, 2017, p. 349–376

Hélène Juillard, Guillaume Chauvet et Anne Ruiz-Gazen

vol. 112, n° 518, 2017, p. 850–858

The cross-classified sampling design consists in drawing samples from a twodimension population, independently in each dimension. Such design is commonly used in consumer price index surveys and has been recently applied to draw a sample of babies in the French Longitudinal Survey on Childhood, by...

Jean-François Bonnefon, Wim De Neys et Astrid Hopfensitz

vol. 64, n° 4, 2017, p. 231–239

Economic interactions often imply to gauge the trustworthiness of others. Recent studies showed that when making trust decisions in economic games, people have some accuracy in detecting trustworthiness from the facial features of unknown partners. Here we provide evidence that this face-based...

Nicolas Pistolesi

vol. 44, 2017, p. 106–121

This paper measures the effect of a policy implemented in France in 2009 advising students on their field of study at university. Applicants receive reviews from universities on their chances of graduating, which are determined relative to their numerical grades in high-school. To measure the...

Alessandro Bonatti et Johannes Hörner

vol. 12, n° 1, 2017, p. 425–475

This paper analyzes the impact of market structure on career concerns. Effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. For any wage, the agent works too little, too late. Under short-term contracts,...