Recherche avancée

Daniel L. Chen

n° 16-725, octobre 2016

This paper proposes a reference-point dependent model of social behavior where individuals maximize a three-term utility function: a consumption utility term and two “social” terms. One social term captures a preference for desert (i.e., others getting what we think they deserve) and the other term...

Daniel L. Chen et J.J. Prescott

n° 16-726, octobre 2016

Implicit egotism—in particular, positive unconscious associations that individuals have with others who share their names or first initials—is a mainstay of modern psychology textbooks, but the interpretation of prior field studies has recently come under criticism for lack of adequate control,...

Céline Nauges et Dale Whittington

n° 16-727, octobre 2016

Nikrooz Nasr Esfahani et Doh-Shin Jeon

vol. 8, n° 4, octobre 2016, p. 91–114

This paper studies how news aggregators affect the quality choices of newspapers competing on the Internet. To provide a micro-foundation for the role of the aggregator, we build a model of multiple issues where newspapers choose their quality on each issue. Our model captures well the main trade-...

Manh-Hung Nguyen et Arnaud Reynaud

vol. 21, n° 5, octobre 2016, p. 603–617

A choice experiment is used to estimate how Vietnamese households value a flood risk reduction. The empirical analysis is conducted on a sample of households located in the Nghe An Province, one of the provinces which is the most affected by floods in Vietnam. The results reveal that there is a...

Emmanuelle Auriol et Alice Mesnard

vol. 83, n° 332, octobre 2016, p. 646–678

Is there a way of eliminating human smuggling? We set up a model to simultaneously determine the provision of human smuggling services and the demand from would-be migrants. A visa-selling policy may be successful at eliminating smugglers by eroding their profits but it also increases immigration....

Erwan Pierre, Stéphane Villeneuve et Xavier Warin

vol. 20, n° 4, octobre 2016, p. 809–854

This paper examines the dividend and investment policies of a cash constrained firm that has access to costly external funding. We depart from the literature by allowing the firm to issue collateralized debt to increase its investment in productive assets resulting in a performance sensitive...

Emmanuel Thibault

vol. 147, octobre 2016, p. 42–45

Can dynamic inefficiency be remedied by intergenerational family transfers? The issue matters for the connection between fiscal policy and economic growth. Yet family transfers have mostly been narrowly cast as altruistic. I show that an alternative motive the demonstration effect, whereby parents...

Xavier Irz, Pascal Leroy, Vincent Réquillart et Louis-Georges Soler

vol. 130, octobre 2016, p. 139–155

The paper develops a framework combining a model of rational behaviour under dietary constraints, an epidemiological model of diet-related mortality, and a life-cycle-analysis model of environmental impact, which permits the ex-ante assessment of dietary recommendations in multiple sustainability...

Helmuth Cremer, Jean-Marie Lozachmeur, Dario Maldonado et Kerstin Roeder

vol. 89, octobre 2016, p. 454–470

This paper studies the design of couples’ income taxation when consumption and labor supply decisions within the couple are made by maximizing a weighted sum of the spouses’ utilities; bargaining weights are given but specific to each couple. Information structure and labor supply decisions follow...