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Helmuth Cremer, Firouz Gahvari et Pierre Pestieau
n° 13-386, mars 2013
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...
Bruno Biais, Thierry Foucault et Sophie Moinas
n° 13-387, mars 2013, révision septembre 2014
High-speed market connections improve investors' ability to search for attractive quotes in fragmented markets, raising gains from trade. They also enable fast traders to observe market information before slow traders, generating adverse selection, and thus negative externalities. When investing in...
Christian Gollier
n° 13-389, mars 2013
Van Huyen Do, Christine Thomas-Agnan et Anne Vanhems
mars 2013, révision mars 2014
L'analyse des données socio-économiques engendre souvent l'usage combiné de plusieurs bases de données venant de sources administratives différentes et pour cette raison correspondant à des partitions différentes de la zone d'intérêt en unités administratives. Il est donc nécessaire de réaffecter...
Pascal Lavergne et Valentin Patilea
n° 13-404, mars 2013
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...
Abdelaati Daouia, Léopold Simar et Paul Wilson
n° 13-412, mars 2013, révision novembre 2013
When faced with multiple inputs X ∈ Rp + and outputs Y ∈ Rq +, traditional quantile regression of Y conditional on X = x for measuring economic efficiency in the output (input) direction is thwarted by the absence of a natural ordering of Euclidean space for dimensions q (p) greater than one....
Augustin Landier, David Sraer et David Thesmar
n° 13-437, mars 2013
This paper documents a steady increase in the average correlation of house price growth across US states over the 1976-2006 period and shows that this phenomenon can be explained in large part by the geographic integration of the banking market over this period. We theoretically derive an...
n° 799, mars 2013
n° 768, mars 2013
n° 771, mars 2013
