Recherche avancée

Elodie Alet et Liliane Bonnal

vol. 454, 2013, p. 3–22

Students preparing a vocational diploma at what is called “level 5” (CAP or BEP) have a choice between a vocational high school and apprenticeship under a program that alternates between classroom instruction and work experience (formation professionnelle alternée). This article looks at the...

Mohamed Saleh

vol. 46, n° 1, 2013, p. 5–18

Knowledge of pre-colonial Middle Eastern populations has been limited by the lack of data. The 1848 and 1868 Egyptian censuses provide two snapshots of the Egyptian population in its early attempts to make the transition into a modern society. These censuses are perhaps the earliest in the Middle...

Stef Proost et Vera Zaporozhets

vol. 43, n° 5, 2013, p. 808–815

Many local public goods are allocated by federal governments using fixed regional shares: every region is entitled a fixed share of the total budget for a particular type of public good. This paper explores two characteristics of this type of allocation. First, it shows that this type of allocation...

Milo Bianchi et Matteo Bobba

vol. 80, n° 2, 2013, p. 491–511

Milo Bianchi

vol. 15, n° 1, 2013, p. 1–23

Christine Grün

vol. 51, n° 5, 2013, p. 4039–4065

In this paper we investigate a game of optimal stopping with incomplete information. There are two players of which only one is informed about the precise structure of the game. Observing the informed player the uninformed player is given the possibility to guess the missing information. We show...

Itzhak Ben-David, Francesco Franzoni, Augustin Landier et Rabih Moussawi

vol. 68, n° 6, décembre 2013, p. 2383–2434

We provide evidence suggesting that some hedge funds manipulate stock prices on critical reporting dates. Stocks in the top quartile of hedge fund holdings exhibit abnormal returns of 0.30% on the last day of the quarter and a reversal of 0.25% on the following day. A significant part of the return...

Emmanuel Farhi, Josh Lerner et Jean Tirole

vol. 44, n° 4, Winter 2013, p. 610–631

Wilfried Sand-Zantman

vol. 91, n° 3, 2013

Helmuth Cremer et Kerstin Roeder

vol. 108, 2013, p. 33–43

This paper examines whether myopia (misperception of the long-term care (LTC) risk) and private insurance market loading costs can justify social LTC insurance and/or the subsidization of private insurance. We use a two-period model wherein individuals differ in three unobservable characteristics:...