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Elie Gray et André Grimaud
n° 14-469, janvier 2014
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...
Helmuth Cremer et Kerstin Roeder
n° 14-470, janvier 2014
We show that once interfamily exchanges are considered, Becker?s rotten kids mechan- ism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of e¢fficiency in the contribution game amongst siblings extends to a setting...
Christine Thomas-Agnan et Florent Bonneu
n° 14-474, janvier 2014
We address the question of measuring and testing industrial spatial concentration based on micro-geographic data with distance based methods. We discuss the basic requirements for such measures and we propose four additional requirements. We also discuss the null assumptions classically used for...
Astrid Hopfensitz et Josepa Miquel-Florensa
n° 14-463, janvier 2014, révision juin 2015
Low intensity armed conflict is usually related to population displacement, altering networks and social capital in affected regions. With an incentivized questionnaire performed in the Colombian coffee growing axis (Eje Cafetero), we observe contribution to an abstract and anonymous public good...
n° 822, janvier 2014
Jean-Paul Décamps et Stéphane Villeneuve
vol. 24, n° 1, janvier 2014, p. 66–96
Dynamic capital structure models with roll-over debt rely on widely accepted arguments that have never been formalized. This paper clarifies the literature and provides a rigorous formulation of the equity holders' decision problem within a game theory framework. We spell out the linkage between...
Andrea Attar, Thomas Mariotti et François Salanié
vol. 9, n° 1, janvier 2014, p. 1–40
Aditya Goenka, Lin Liu et Manh-Hung Nguyen
vol. 50, janvier 2014, p. 34–53
This paper develops a framework to study the economic impact of infectious diseases by integrating epidemiological dynamics into a neo-classical growth model. There is a two way interaction between the economy and the disease: the incidence of the disease affects labor supply, and investment in...
Pascal Lavergne
vol. 178, n° 3, janvier 2014, p. 414–425
In empirical research, one commonly aims to obtain evidence in favor of re- strictions on parameters, appearing as an economic hypothesis, a consequence of economic theory, or an econometric modeling assumption. I propose a new theoret- ical framework based on the Kullback-Leibler information to...
Stéphane Straub
31 janvier 2014