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Elisabetta Iossa et Patrick Rey
n° 12-368, novembre 2012
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the agent’s productivity can evolve exogenously (random shocks) or improve endogenously through investment. We show that incentives are stronger and performance is higher when the contract approaches its...
Miriam Beblo, Denis Beninger, François Cochard, Hélène Couprie et Astrid Hopfensitz
n° 12-374, novembre 2012
We present the results of an experiment measuring social preferences within couples in a context where intra-household pay-off inequality can be reduced at the cost of diminishing household income. We measure social norms regarding this efficiency-equality trade-off and implement a cross-country...
Christian Gollier
n° 752, novembre 2012
How should one evaluate investment projects whose CCAPM betas are uncertain? This question is particularly crucial for projects yielding long-lasting impacts on the economy, as is the case for example for many green investment projects. We defined the notion of a certainty equivalent beta. We...
Helmuth Cremer, Pierre Pestieau et Kerstin Roeder
n° 755, novembre 2012
This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal amount...
n° 754, novembre 2012, révision septembre 2015
Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about which discount rates should be used to evaluate actions having long-lasting impacts, as in the contexts of climate change, social security reforms or large public infrastructures for...
Wilfried Sand-Zantman
collection « Rapport IDEI », n° 21, novembre 2012
Marcel Boyer, Pierre Lasserre et Michel Moreaux
vol. 30, n° 6, novembre 2012, p. 663–681
Sjaak Hurkens et Doh-Shin Jeon
vol. 30, n° 6, novembre 2012, p. 541–552
novembre 2012
