Jump to navigation
Jean-Paul Azam
novembre 2013
Philippe De Donder et John E. Roemer
n° 13-455, novembre 2013
We study how rich shareholders can use their economic power to deregulate firms that they own, thus skewing the income distribution towards themselves. Agents differ in productivity and choose how much labor to supply. High productivity agents also own shares in the productive sector and thus earn...
Henrik Andersson, James K. Hammitt, Gunnar Lindberg et Kristian Sundström
vol. 56, n° 3, novembre 2013, p. 437–456
Stated preference (SP) surveys attempt to obtain monetary values for non-market goods that reflect individuals’ “true” preferences. Numerous empirical studies suggest that monetary values from SP studies are sensitive to survey design and so may not reflect respondents’ true preferences. This study...
Stefan Ambec, Ariel Dinar et Daene McKinney
vol. 66, novembre 2013, p. 639–655
Pascal Lavergne et Valentin Patilea
vol. 177, n° 1, novembre 2013, p. 47–59
We study the influence of a bandwidth parameter in inference with conditional estimating equations. In that aim, we propose a new class of smooth minimum distance estimators and we develop a theory that focuses on uniformity in bandwidth. We establish a vn-asymptotic representation of our estimator...
Jean-Pierre Amigues et Michel Moreaux
vol. 35, n° 4, novembre 2013, p. 618–636
We study a dynamic carbon pollution model where carbon accumulates both inside a nonrenewable and a renewable reservoir with a constant regeneration rate. Two primary energy sources are available: a cheap exhaustible fossil fuel (coal) and an expensive clean energy alternative (solar). To avoid...
Ingela Alger et Jörgen W. Weibull
vol. 81, n° 6, novembre 2013, p. 2269–2302
What preferences will prevail in a society of rational individuals when preference evolution is driven by the resulting payoffs? We show that when individuals' preferences are their private information, a convex combination of selfishness and morality stands out as evolutionarily stable. We call...
Catarina Goulão et Emmanuel Thibault
vol. 13, n° 2, novembre 2013, p. 577–612
We look at the effects of physical activity (PA) recommendation policies by considering a social multiplier model in which individuals differ in their concern for PA. The government can either observe this concern (and implement the First Best) or not (and implement a uniform policy). Whichever the...
Silvia Rossetto
vol. 4, n° 2, novembre 2013, p. 667–687
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is a mean for a capital constrained initial investor to exit and thereby to raise funds for a new investment opportunity. This investor is privately informed vis-a-vis outside investors about the...
Zhijun Chen et Patrick Rey
vol. 56, n° 4, novembre 2013, p. 917–957
