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Christian Gollier
n° 15-589, juillet 2015
Maria A. García-Valiñas, Francisco Gonzales, Javier Suarez et Vera Zaporozhets
n° 15-590, juillet 2015
Water services management has become a key issue as urban water supply is considered a service of general interest in the European Union (EU, 2001). In this context, public-private partnerships (PPP) have emerged as a usual way of local water services provision. This paper contributes to analyze...
Richard Green et Thomas-Olivier Léautier
n° 15-591, juillet 2015
In many countries, entry of renewable electricity producers has been supported by subsidies and financed by a tax on electricity consumed. This article is the first to analytically derive the dynamics of the generation mix, subsidy, and tax as renewable capacity increases. This enables us to...
Helmuth Cremer, Pierre Pestieau et Kerstin Roeder
n° 15-593, juillet 2015
This paper studies the design of a social long-term care (LTC) insurance when altruism is two-sided. The laissez-faire solution is not efficient, unless there is perfect altruism. Under full information, the rst-best can be decentralized by a linear subsidy on informal aid, a linear tax on bequests...
Helmuth Cremer et Kerstin Roeder
n° 853, juillet 2015
This paper studies the political economy of a basic income (BI) versus a means tested welfare scheme. We show in a very simple setting that if society votes on the type of system, its generosity as well as the “severity” of means testing (if any), a BI system could only emerge in the political...
Emmanuel Farhi et Jean Tirole
vol. 158, juillet 2015, p. 634–655
Parties in financial markets, industries, compensation design or politics may negotiate on either a piecemeal or a bundled basis. Little is known about the desirability of bundling when values are common and/or information endogenous. The paper shows that bundling encourages information-equalizing...
Patrick Fève et Jean-Guillaume Sahuc
vol. 67, n° 3, juillet 2015, p. 531–552
This article addresses the existence of a wide range of estimated government spending multipliers in a dynamic stochastic general equilibrium model of the euro area. Our estimation results and counterfactual exercises provide evidence that omitting the interactions of key ingredients at the...
Jean-François Bonnefon
vol. 41, n° 7, juillet 2015, p. 955–961
Ingela Alger, Laurent Lehmann et Jörgen W. Weibull
vol. 69, n° 7, juillet 2015, p. 1858–1873
Michael Becher et Flemming Juul Christiansen
vol. 59, n° 3, juillet 2015, p. 641–655
Chief executives in many parliamentary democracies have the power to dissolve the legislature. Despite a well-developed literature on the endogenous timing of parliamentary elections, political scientists know remarkably little about the strategic use of dissolution power to influence policymaking...
