Recherche avancée

Simone Cuiabano

n° 17-837, août 2017

The goal of this paper is to analyze the long-run equilibrium exchange rate in Latin America and Asia countries using the monetary model described in Obstfeld and Rogoff (1996) to evaluate the exchange rate gap between the regions. I use panel cointegration tests to verify the existence of panel...

Roberto Sarkisian

n° 17-838, août 2017

This paper studies incentives provision when agents are characterized either by homo moralis preferences (Alger and Weibull, 2013, 2016), i.e. their utility is represented by a convex combination of selfish preferences and Kantian morality, or by altruism. In a moral hazard in teams setting with...

Silvia Goncalves, Ulrich Hounyo et Nour Meddahi

vol. 33, n° 4, août 2017, p. 791–838

The main contribution of this paper is to propose a bootstrap method for inference on integrated volatility based on the pre-averaging approach, where the pre-averaging is done over all possible overlapping blocks of consecutive observations. The overlapping nature of the pre-averaged returns...

Jean-Pierre Florens et Senay Sokullu

vol. 33, n° 4, août 2017, p. 839–873

Abdelaati Daouia, Thibault Laurent et Hohsuk Noh

vol. 79, n° 9, août 2017, p. 1–43

The package npbr is the first free specialized software for data edge and frontier analysis in the statistical literature. It provides a variety of functions for the best known and most innovative approaches to nonparametric boundary estimation. The selected methods are concerned with empirical,...

Catherine Bobtcheff et Raphaël Lévy

vol. 9, n° 3, août 2017, p. 148–86

We consider a real option model in which a cash-constrained entrepreneur learns prior to investing, but at a speed which is private information. The entrepreneur seeks outside funding, and uses the timing of his investment to signal his confidence in the venture, and accordingly obtain cheaper...

Hélène Boistard, Rik Lopuhaä et Anne Ruiz-Gazen

vol. 45, n° 4, août 2017, p. 1728–1758

For a joint model-based and design-based inference, we establish functional central limit theorems for the Horvitz-Thompson empirical process and the Hàjek empirical process centered by their finite population mean as well as by their super-population mean in a survey sampling framework. The...

Christian Bontemps et Thierry Magnac

vol. 9, août 2017, p. 103–129

For the last ten years, the topic of set identification has been much studied in the econometric literature. Classical inference methods have been generalized to the case in which moment inequalities and equalities define a set instead of a point. We review several instances of partial...

Carlos Berdejo et Daniel L. Chen

vol. 60, n° 3, août 2017, p. 479–496

We find field evidence for what experimental studies have documented regarding the contexts and characteristics that make individuals more susceptible to priming. Just before U.S. Presidential elections, judges on the U.S. Courts of Appeals double the rate at which they dissent and vote along...

Michel Simioni, Christine Thomas-Agnan et Thi-Huong Trinh

n° 17-826, juillet 2017

Recent research on calorie intake and income relationship abounds with parametric models but usually gives inconclusive results. Our paper aims at contributing to this literature by using recent advances in the estimation of generalized additive models with penalized spline regression smoothing (...