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2 octobre 2012
Mohamed Saleh
n° 12-366, septembre 2012, révision août 2015
Public mass modern education was a major pillar of state-led development in the post-Colonial developing world. I examine the impact of Egypt’s transformation in 1953 of traditional elementary schools (kuttabs), which served the masses, into public modern primary schools on the Christian-Muslim...
Marion Desquilbet et Markus Hermann
n° 12-263, septembre 2012
We examine the optimal time-variant refuge policy to manage pest resistance to Bt crops in afinite-horizon discrete-time model. We identify analytically the intertemporal effects of refuge fields on the pest population and its susceptibility. The shape of the optimal refuge policy and whether or...
Gilles Saint-Paul
n° 12-334, septembre 2012
Utilitarian foundations for limited government are shaky insofar as they assume rational and consistent individuals. Recently economists’ assumption of rational actors has come under sustained attack. Behavioural economics has suggested that people are plagued by irrational biases and...
Marianne Andries
septembre 2012, révision janvier 2013
I incorporate loss aversion in a consumption-based asset pricing model with recursive preferences and solve for asset prices in closed-form. I find loss aversion increases expected returns substantially relative to the standard recursive utility model. This feature of my model improves the ability...
n° 12-339, septembre 2012
Les fondements utilitaristes d’un gouvernement limité sont instables, dans la mesure où ils supposent des individus rationnels et cohérents. L’hypothèse d’agent rationnel faite par les économistes a récemment été l’objet d’attaques soutenues. L’économie comportementale a suggéré que les individus...
Christian Bontemps et Nour Meddahi
vol. 27, n° 6, septembre 2012, p. 978–1012
We consider testing distributional assumptions by using moment conditions. A general class of moment conditions satisfied under the null hypothesis is derived and connected to existing moment-based tests. The approach is simple and easy to implement, yet reasonably powerful. In addition, we provide...
Christoph Rothe
vol. 80, n° 5, septembre 2012, p. 2269–2301
In this paper, we study the effect of a small ceteris paribus change in the marginal distribution of a binary covariate on some feature of the unconditional distribution of an outcome variable of interest. We show that the RIF regression techniques recently proposed by Firpo, Fortin, and Lemieux (...
David Bardey, Chiara Canta et Jean-Marie Lozachmeur
vol. 31, n° 5, septembre 2012, p. 691–704
This paper analyzes the regulation of payment schemes for health care providers competing in both quality and product differentiation of their services. The regulator uses two instruments: a prospective payment per patient and a cost reimbursement rate. When the regulator can only use a prospective...
Dino Gerardi et Lucas Maestri
vol. 7, n° 3, septembre 2012
