Recherche avancée

Erwan Pierre, Stéphane Villeneuve et Xavier Warin

n° 16-637, mars 2016

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...

Tim Lee et Yongseok Shin

mars 2016

François Cochard, Hélène Couprie et Astrid Hopfensitz

vol. 14, n° 1, mars 2016, p. 1–26

This study makes a significant contribution to investigations of household behavior by testing for a willingness to cooperate and share income by men and women who are either in couple with each other or complete strangers. We present results from an economic experiment conducted with 100 co-...

Elie Gray et André Grimaud

vol. 26, n° 1, mars 2016, p. 101–142

What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion. Assuming that knowledge...

Roberta Dessi, Edoardo Gallo et Sanjeev Goyal

vol. 163, mars 2016, p. 78–96

We study individual ability to memorize and recall information about friendship networks using a combination of experiments and survey-based data. In the experiment subjects are shown a network, in which their location is exogenously assigned, and they are then asked questions about the network...

Grégory Jolivet, Bruno Jullien et Fabien Postel-Vinay

vol. 45, mars 2016, p. 59–75

The broad aim of this paper is to gain some insight into the quantitative importance of reputation in e-commerce. We use an exhaustive data set from one of France’s largest e-commerce platforms, <a href="http://www.priceminister.com/">PriceMinister.com </a>, to estimate a statistical...

Alice Mesnard et Paul Seabright

vol. 82, n° 1, mars 2016, p. 1–26

This paper models how migration both influences and responds to differences in disease prevalence between cities and shows how the possibility of migration away from high-prevalence areas affects long-run steady state disease prevalence. We develop a dynamic framework where migration responds to...

Michael Gurven, Hillard Kaplan, Felicia C. Madimenos et Jonathan Stieglitz

vol. 31, n° 3, mars 2016, p. 663–671

Renato Gomes, Daniel Gottlieb et Lucas Maestri

vol. 96, mars 2016, p. 145–169

Firms must strike a delicate balance between the exploitation of well-known business models and the exploration of risky, untested approaches. In this paper, we study financial contracting between an investor and a firm with private information about its returns from exploration and exploitation....

Fabien Gensbittel

vol. 45, n° 1, mars 2016, p. 321–352

We study a two-player, zero-sum, dynamic game with incomplete information where one of the players is more informed than his opponent. We analyze the limit value as the players play more and more frequently. The more informed player observes the realization of a Markov process (X, Y) on which the...