Recherche avancée

Mohamed Saleh

n° 13-434, octobre 2012

Over the nineteenth century, Egypt embarked on one of the world's earliest state-led modernization programs in production, education, and the army. I examine the impact of this ambitious program on long-standing human capital differentials and occupational and educational segregation between...

Philippe De Donder et Marie-Louise Leroux

n° 749, 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-...

Jean Tirole et Glen Weyl

vol. 127, n° 4, octobre 2012, p. 1971–2003

What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property selects high social surplus projects. Optimal innovation policy thus trades off the ex-ante screening benefit and the ex-post distortion. It solves a multidimensional screening problem in the...

Jean-Pierre Florens et Anna Simoni

vol. 170, n° 2, octobre 2012, p. 458–475

We propose a Quasi-Bayesian nonparametric approach to estimating the structural relationship ' among endogenous variables when instruments are available. We show that the posterior distribution of ' is inconsistent in the frequentist sense. We interpret this fact as the ill-posedness of the...

Felipe Alvarez, Jérôme Bolte, Frédéric Bonnans et Francisco José Silva - Àlvarez

vol. 135, n° 1-2, octobre 2012, p. 473–507

Ujjayant Chakravorty, Andrew Leach et Michel Moreaux

vol. 36, n° 10, octobre 2012, p. 1448–1461

Thomas Chaney, David Sraer et David Thesmar

vol. 102, n° 6, octobre 2012, p. 2381–2409

Daniel F. Garrett et Alessandro Pavan

vol. 120, n° 5, octobre 2012, p. 879–925

We develop a dynamic theory ofmanagerial turnover in a world in which the quality of the match between a firm and its managers changes stochastically over time. Shocks to managerial productivity are anticipated at the time of contracting but privately observed by the managers. Our key positive...

Laurent Gobillon, Thierry Magnac et Harris Selod

vol. 96, octobre 2012, p. 881–892

This paper presents an impact evaluation of the French enterprise zone program which was initiated in 1997 to help unemployed workers find employment by granting a significant wage-tax exemption (about one third of total labor costs) to firms hiring at least 20% of their labor force locally....

Caroline Van Den Berg et Céline Nauges

vol. 5, n° 3, octobre 2012, p. 151–166

We apply a hedonic house price analysis to value connection to the piped water network in Southwest Sri Lanka based on a household survey that was conducted in 2003-04. We find that the willingness-to-pay for a piped water connection is on average about 5 percent of monthly household expenditure,...