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Marion Robert, Alban Thomas et Jacques Eric Bergez
n° 16-731, novembre 2016
Agricultural production systems are facing new challenges due to an ever changing global environment that is a source of risk and uncertainty. To adapt to these environmental changes, farmers must adjust their management strategies and remain competitive while also satisfying societal preferences...
Isis Durrmeyer et Mario Samano
n° 16-732, novembre 2016, révision mai 2017
We compare the welfare effects in equilibrium of two environmental regulations that aim at increasing the new cars fleet’s average fuel efficiency: the fuel economy standards and the feebate policies. Maintaining the same environmental benefit and tax revenue, we simulate the implementation of each...
Céline Bonnet, Zohra Bouamra-Mechemache, Gordon Klein et Timothy J. Richards
n° 16-733, novembre 2016
Retailers often stock items that are only slightly differentiated from others??differ- ent sizes of a popular brand, or different ?avors in a common product line for instance. We argue that this practice is a form of strategic obfuscation, intended to raise con- sumer search costs, and margins on...
Paul Beaudry, Dana Galizia et Franck Portier
n° 16-734, novembre 2016
This paper begins by re-examining the spectral properties of several cyclically sensitive variables such as hours worked, unemployment and capacity utilization. For each of these series, we document the presence of an important peak in the spectral density at a periodicity of approximately 36-40...
n° 16-735, novembre 2016
Recessions often happen after periods of rapid accumulation of houses, consumer durables and business capital. This observation has led some economists, most notably Friedrich Hayek, to conclude that recessions often reflect periods of needed liquidation resulting from past over-investment....
n° 16-736, novembre 2016
In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, we examine whether the time series behavior of macroeconomic aggregates (...
Paul Beaudry, Patrick Fève, Alain Guay et Franck Portier
n° 16-738, novembre 2016
Identification of structural shocks can be subject to nonfundamentalness, as the econometrician may have an information set smaller than the economic agents´i one. How serious is that problem from a quantitative point of view? In this work we propose a simple diagnosis statistics for the...
Christophe Lévêque et Mohamed Saleh
n° 17-758, novembre 2016, révision mai 2017
We investigate the impact of state industrialization on residential segregation between Muslims and non-Muslims in nineteenth-century Cairo using individual-level census samples from 1848 and1868. We measure local segregation by a simple inter-group isolation index, where Muslims' (non-Muslims')...
Giuseppe Marco Attanasi, Astrid Hopfensitz, Emiliano Lorini et Frédéric Moisan
vol. 90, novembre 2016, p. 86–109
We study the impact of social ties on behavior in two types of asymmetric coordination games. Social ties are varied by making players interact with partners from different in-groups (fellow members of their own sports team, members of their sports club, students of their university). Subjective...
Daniel F. Garrett
vol. 106, n° 11, novembre 2016, p. 3275–3299
We study the profit-maximizing price path of a monopolist selling a durable good to buyers who arrive over time and whose values for the good evolve stochastically. The setting is completely stationary with an infinite horizon. Contrary to the case with constant values, optimal prices fluctuate...
