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Cécile Aubert, Manh-Hung Nguyen et Arnaud Reynaud
vol. 38, juillet 2013, p. 547–579
Henrik Andersson
vol. 43, n° 1, juillet 2013, p. 41–49
This study analyzes stated willingness to pay (WTP) for traffic safety, the use of traffic safety equipments, and the consistency between the two. Using data from a Swedish contingent valuation study we find that the estimated value of a statistical life (VSL) based on the respondents’ rear-...
Kenneth J. Arrow, Maureen Cropper, Christian Gollier, Ben Groom, Geoffrey Heal, R. Newell, William D. Nordhaus, R. Pindyck, W. Pizer, P. Portney, Thomas Sterner, R. Tol et Martin L. Weitzman
vol. 341, n° 6144, juillet 2013, p. 349–350
Helmuth Cremer, Firouz Gahvari et Pierre Pestieau
vol. 14, n° 2, juillet 2013, p. 499–524
This paper studies public provision of long term care insurance in a world in which family assistance is (i) uncertain and (ii) endogenous depending on the time parents spend raising their children. Public benefits will be paid in case of disability but cannot be combined with self-insurance or...
Géraldine Bocquého, Florence Jacquet et Arnaud Reynaud
vol. 120, n° 1, juillet 2013, p. 108–111
We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards, which...
Francesco Ricci et Marios Zachariadis
vol. 80, n° 319, juillet 2013, p. 404–440
We argue that education exerts positive external effects on health, beyond the standard internal effects documented in the literature. We implement an innovative approach to control for endogeneity and omitted variables problems, and present evidence for the significant role played by higher...
Guillaume Plantin et Jean Tirole
24 juillet 2013
Bruno Biais, Johan Hombert et Pierre-Olivier Weill
n° 13-422, 16 juillet 2013
Information collection, processing and dissemination financial institutions is challenging. This can delay the observation by traders of the exact capital charges and constraints of their institution. During this delay, traders face preference uncertainty. In this context, we study optimal trading...
Paul Seabright
11 juillet 2013
Philippe Alby, Emmanuelle Auriol et Pierre Nguimkeu
juin 2013
Africa economy is characterized by a large informal sector and by an overrepresentation of entrepreneurs of foreign origin in the formal one. The paper argues that social arrangements prevailing in Africa partly explain these results. As formality marks economic success, local entrepreneurs in the...
