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Jean-Pierre Florens, Jan Johannes et Sébastien Van Bellegem
vol. 15, n° 2, juillet 2012, p. 304–324
We consider the semi-parametric regression model Y=Xtβ+φ(Z) where β and φ(·) are unknown slope coefficient vector and function, and where the variables (X, Z) are endogenous. We propose necessary and sufficient conditions for the identification of the parameters in the presence of instrumental...
Arianna Degan et Emmanuel Thibault
n° 12-325, 25 juillet 2012
Why do some dynasties maintain the fortune of their founders while others completely squander it in few generations? To address this question, we use a simple deterministic microfounded model based on two main elements: the “hunger for accumulation” and the “willingness to exert effort”. Contrary...
Jean-Pierre Amigues, Gilles Lafforgue et Michel Moreaux
n° 12-326, 23 juillet 2012, révision 3 avril 2013
Using the Chakravorty et al. (2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is...
20 juillet 2012
Michel Le Breton, Alban Thomas et Vera Zaporozhets
n° 12-324, 18 juillet 2012
In this paper, we introduce a game-theoretical non-cooperative model of bargaining to analyse project funding in the French river basin com- mittees. After sorting out some of the main theoretical predictions, we proceed with an empirical application to the subsidy policy of French Wa- ter Agencies...
Emmanuelle Auriol
16 juillet 2012
Christian Gollier et Bernard Salanié
Toulouse, France, 12–13 juillet 2012
Charles N. Noussair, Gijs Van de Kuilen et Nathanael Vellekoop
Elyès Jouini, Clotilde Napp et Diego Nocetti
Jacques Dreze et Erik Schokkaert
