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Bruno Jullien, Patrick Rey et Claudia Saavedra
collection « Rapport IDEI », n° 23, octobre 2013, révision mars 2014
The paper discusses economic theories of harm for anti-competitive margin squeeze by unregulated and regulated vertically integrated firms. We review both predation and foreclosure theories, as well as the mere exploitation of upstream market power. We show that foreclosure provides an appropriate...
Patrick Fève, Julien Matheron et Jean-Guillaume Sahuc
vol. 5, n° 4, octobre 2013, p. 141–178
This paper examines issues related to the estimation of the government spending multiplier (GSM) in a DSGE context. We stress a source of bias in the GSM arising from the combination of endogenous government expenditures and Edgeworth complementarity between private consumption and government...
André Blais, Jean-François Laslier, Nicolas Sauger et Karine Van Der Straeten
vol. 43, n° 4, octobre 2013, p. 937–944
Philippe Gagnepain, Marc Ivaldi et David Martimort
vol. 103, n° 6, octobre 2013, p. 2352–2383
Contract theory claims that renegotiation prevents attainment of the efficient solution that could be obtained under full commitment. Assessing the cost of renegotiation remains an open issue from an empirical viewpoint. We fit a structural principal-agent model with renegotiation on a set of...
Christian Gollier, James K. Hammitt et Nicolas Treich
vol. 47, n° 2, octobre 2013, p. 129–145
Augustin Landier
31 octobre 2013
Koen Jochmans
vol. 16, octobre 2013, p. 340–372
30 octobre 2013
Christian Gollier
28 octobre 2013
Jacques Delpla
24 octobre 2013