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Ludwig Straub et Robert Ulbricht
n° 16-664, juin 2016, révision mars 2018
Many important statistics in macroeconomics and finance—such as cross-sectional dispersions, risk, volatility, or uncertainty—are second moments. In this paper, we explore a mechanism by which second moments naturally and endogenously fluctuate over time as nonlinear transformations of fundamentals...
Abdelaati Daouia, Jean-Pierre Florens et Léopold Simar
n° 16-665, juin 2016, révision juillet 2018
The aim of this paper is to construct a robust nonparametric estimator for the production frontier. The main tool is a concept of robust regression boundary defined as a special probability-weighted moment (PWM). We first study this problem under a regression model with one-sided errors where the...
Nicholas Bloom, Raffaella Sadun et John Van Reenen
juin 2016
Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the adoption...
Bruno Jullien et Wilfried Sand-Zantman
collection « Rapport IDEI », n° 27, juin 2016
Matteo Bobba, Veronica Frisancho et Marco Pariguana
n° 16-660, juin 2016, révision mars 2026
This paper explores an information intervention designed and implemented within a school assignment mechanism in Mexico City. Through a randomized experiment, we show that providing a subset of applicants with feedback about their academic performance can enhance sorting by skill across high school...
Ciro Avitabile, Matteo Bobba et Marco Pariguana
n° 16-661, juin 2016, révision mai 2017
We study how a large household windfall affects sorting of relatively disadvantaged youth over high school tracks by exploiting the discontinuity in the assignment of a welfare program in Mexico. The in-cash transfer is found to significantly increase the probability of selecting vocational schools...
Stefan Ambec et Lars Ehlers
vol. 126, n° 593, juin 2016, p. 884–906
We consider the problem of regulating an economy with environmental pollution. We examine the distributional impact of the polluter-pays principle which requires that any agent compensates all other agents for the damages caused by his or her (pollution) emissions. With constant marginal damages we...
Marion Desquilbet et Markus Hermann
Ottawa, vol. 64, n° 2, juin 2016, p. 253–288
Nous analysons la politique optimale d'un refuge variable dans le temps afin de gérer la résistance d'insectes nuisibles face aux semences Bt dans le cadre d'un modèle à horizon fini et en temps discret. Nous identifions de manière analytique les effets intertemporels des zones de refuge sur la...
Maria A. García-Valiñas, S. Kurz et Vera Zaporozhets
vol. 43, juin 2016, p. 57–70
We examine the determinants of the EU budget expenditures allocation among different countries. Following previous literature, we consider two alternative explanations for the EU budget distribution: political power vs. 'needs view'. Taking the original data set (1976-2001) from Kauppi and Widgren...
Raouf Boucekkine, Fabien Prieur et Klarizze Puzon
vol. 85, juin 2016, p. 188–207
We consider a resource-dependent economy initially ruled by the elite. The transition from the autocratic to a more democratic regime takes place only if the citizens decide to revolt against the elite. The occurrence of a revolution primarily depends on the autocratic regime vulnerability and the...
