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Julien Hugonnier (Ecole Polytechnique, Lausanne)
Toulouse, France, 6–7 septembre 2012
Semyon Malamud (Ecole Polytechnique, Lausanne)
Umut Cetin (London School of Economics)
Zhiguo He (University of Chicago, Booth School of Business)
Jean Tirole (Toulouse School of Economics)
6 septembre 2012
Thomas-Olivier Léautier et Jean-Charles Rochet
n° 12-332, 3 septembre 2012
This article examines how firms facing volatile input prices and holding some degree of market power in their product market link their risk management and production or pricing strategies. This issue is relevant in many industries ranging from manufacturing to energy retailing, where risk averse...
3 septembre 2012
Jean-Paul Azam et Kartika Bhatia
n° 12-316, août 2012
This paper presents a model of provocation in a federation, where the local government triggers an insurgency with a view to acquire the control of some economic assets with the help of the central government. Some econometric support for this model is found using data on the Naxalite conflict that...
Jeremy Chaudourne et Patrick Fève
n° 12-331, août 2012
This paper studies the statistical properties of impulse response functions in structural vector autoregressions (SVARs) with a highly persistent variable as hours worked and long-run identifying restrictions. The highly persistent variable is specified as a nearly stationary persistent process....
