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2 novembre 2012
David Martimort et Wilfried Sand-Zantman
n° 12-340, octobre 2012
This paper discusses the feasibility and performances of simple mechanisms to implement international environmental agreements in the multilateral externalities context of global warming. Asymmetric information and voluntary participation by sovereign and heterogenous countries are key constraints...
Philippe De Donder et Marie-Louise Leroux
n° 12-352, octobre 2012, révision février 2013
We develop a model where individuals all have the same probability of becoming dependent and vote over the social long term care insurance contribution rate before buying additional private insurance and saving. We study three types of behavioral biases, all having in common that agents under-...
Charles Angelucci et Antonio Russo
n° 12-343, octobre 2012
We investigate the scope for supervisory activities in organizations in which information is non-verifiable and opportunism severe. A principal-supervisor-agent hierarchy is considered. Side-contracts between supervisor and agent may be reached both before and after the agent has chosen his hidden...
Yinghua He et Jianye Yan
n° 12-344, octobre 2012
Competitive Equilibrium from Equal Incomes for Two-Sided Matching Using the assignment of students to schools as our leading example, we study many-to-one two-sided matching markets without transfers. Students are endowed with cardinal preferences and schools with ordinal ones, while preferences of...
Daniel F. Garrett et Alessandro Pavan
octobre 2012
Ahmat Jidoud
n° 12-346, octobre 2012
This paper quantifies the empirical importance of various types of relevant shocks in explaining macroeconomic uctuations in a typical Sub{saharan African economy (C^ote d'Ivoire) in the context of a Dynamic Stochastic General Equilibrium (DSGE) model and Bayesian techniques. Our analysis first...
Christian Belzil, Michael Bognanno et François Poinas
n° 12-348, octobre 2012
This article estimates a dynamic reduced-form model of intra-firm promotions using an employer-employee panel of over 300 of the largest corporations in the U.S. in the period from 1981 to 1988. The estimation conditions on unobserved individual heterogeneity and allows for both an endogenous...
Sylvain Chabé-Ferret
n° 12-356, octobre 2012
This paper compares matching and Difference-In-Difference matching (DID) when estimating the effect of a program on a dynamic outcome. I detail the sources of bias of each estimator in a model of entry into a Job Training Program (JTP) and earnings dynamics that I use as a working example. I show...
Pierre-André Chiappori, Amit Gandhi, Bernard Salanié et François Salanié
n° 13-453, octobre 2012
As a textbook model of contingent markets, horse races are an attractive environment to study the attitudes towards risk of bettors. We innovate on the literature by explicitly considering heterogeneous bettors and allowing for very general risk preferences, including non-expected utility. We build...
