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Nicolas Werquin
avril 2016
This paper characterizes the optimal labor income taxes in an environment where individual labor supply choices are subject to adjustment frictions. Agents incur a fixed cost of adjusting their hours of work in response to changes in their idiosyncratic wages or their tax rates. This fixed cost can...
Céline Bonnet et Vincent Réquillart
n° 16-638, avril 2016, révision juin 2021
When assessing the impact of taxation on the consumption of sugar-sweetened beverages (SSBs), most studies consider the average consumer. Individual consumption is, however, very heterogeneous. In this paper, we propose a three-step methodology to evaluate the impact of SSB taxation on individual...
Céline Bonnet, Zohra Bouamra-Mechemache et Tifenn Corre
n° 16-639, avril 2016
After fossil fuels, agricultural production and fisheries are industries with the largest impact on the environment in terms of greenhouse gas (GHG) emissions, especially in the production of ruminant meats such as beef, veal or lamb. In order to reduce this environmental impact, consumers can...
Claude Crampes et Michel Moreaux
n° 16-641, avril 2016
Jean-Paul Azam
n° 16-642, avril 2016
This paper shows that neither OLS nor 2SLS can generically identify policy trade offs in the linear case, except under extreme assumptions. Practitioners have to be content with near identification and the paper discusses how to choose between these two methods. It shows that a two-stage approach...
Christiern Rose
n° 16-643, avril 2016
Retail prices of illicit drugs have fallen despite rising supply disruption. This article presents and empirically tests a model which may explain the price puzzle. Supply disruption increases the cost of purity. Illicit drugs are experience goods, with demand depending on the seller’s purity...
Hélène Juillard, Guillaume Chauvet et Anne Ruiz-Gazen
n° 16-659, avril 2016
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...
Donghoon Lee, Tim Lee et Yongseok Shin
Going to college is a risky investment in human capital. However, two options inherently embedded in college education mitigate this risk: (i) college students can quit without completing four-year degrees after learning about their post-graduation wages and (ii) college graduates can take jobs...
Roland Bénabou et Jean Tirole
vol. 124, n° 2, avril 2016, p. 305–370
To analyze the impact of labor market competition on the structure of compensation, we embed multitasking and screening within a Hotelling framework. Competition for talent leads to an escalation of performance pay, shifting effort away from long-term investments, risk management, and cooperation....
Sophie Moinas et Sébastien Pouget
vol. 82, n° 4, avril 2016, p. 1402–1412
We propose a simple classroom experiment on speculative bubbles: the Bubble Game. This game is useful to discuss about market efficiency and trading strategies in a financial economics course, and about behavioral aspects in a game theory course, at all levels. The Bubble Game can be played with...
