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Philippe Bontems
n° 17-832, juin 2017, révision octobre 2018
This paper examines theoretically whether by combining both output based refunding and abatement expenditures based refunding it is possible to limit the negative consequences that a pollution tax imply for a polluting industry. We show that this is indeed the case by using a three-part policy...
Wilfried Sand-Zantman
collection « Rapport IDEI », n° 28, juin 2017
Romain Doucet, Paula Margaretic, Christine Thomas-Agnan et Quentin Villotta
vol. 96, n° 2, juin 2017, p. 357–380
We explore the estimation of origin-destination (OD), city-pair, air passengers, in order to explicitly take into account spatial autocorrelation. To our knowledge, we are the first to test the presence of spatial autocorrelation and apply spatial econometric OD flow models to air transport....
Marion Desquilbet, Bruno Dorin et Denis Couvet
vol. 22, n° 3, juin 2017, p. 185–200
In this paper, we model the supply and demand for agricultural goods and assess and compare how welfare, land use and biodiversity are affected under intensive and extensive farming systems at market equilibrium instead of at exogenous production levels. As long as demand is responsive to price,...
Sébastien Pouget, Julien Sauvagnat et Stéphane Villeneuve
vol. 30, n° 6, juin 2017, p. 2066–2109
This paper proposes a dynamic model of financial markets where some investors are prone to the confirmation bias. Following insights from the psychological literature, these agents are assumed to amplify signals that are consistent with their prior views. In a model with public information only,...
Helmuth Cremer et Kerstin Roeder
vol. 19, n° 3, juin 2017, p. 583–602
This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible commitments (which rules out efficient bargaining). The model is...
Angela.Y Chang, James K. Hammitt, S.C Resch et Lisa A. Robinson
vol. 7, n° 1, juin 2017
Koen Jochmans et Thierry Magnac
vol. 20, n° 2, juin 2017, p. 259–269
Consider estimating the slope coefficients of a fixed-effect binary-choice model from twoperiod panel data. Two approaches to semiparametric estimation at the regular parametric rate have been proposed. One is based on a sufficiency requirement, the other is based on a conditional-median...
Edmond Awad, Jean-François Bonnefon, Martin Caminada, Thomas Malone et Iyad Rahwan
vol. 17, n° 3, juin 2017
On the Web, there is always a need to aggregate opinions from the crowd (as in posts, social networks, forums, etc.). Different mechanisms have been implemented to capture these opinions such as "Like" in Facebook, "Favorite" in Twitter, thumbs-up/down, flagging, and so on. However, in more...
Philippe De Donder et John E. Roemer
vol. 15, n° 2, juin 2017, p. 121–141
We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake – this is not a life-cycle model. A competitive firm produces a...
