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Christian Gollier
mai 2012
Using a simple arbitrage argument, positivists claim that the interest rate provides the right basis to fix the discount rate to evaluate green investment projects. The real interest rate observed in the U.S. during the XXth century has been around 1% and 2%. On the contrary, ethicists estimate the...
Claude Crampes et Jean-Marie Lozachmeur
Contrairement aux attentes des politiques, les tarifs progressifs ne permettent pas de lutter contre la précarité énergétique et, simultanément, de réduire la consommation totale d’énergie. Le rapport étudie les avantages et les inconvénients des tarifs linéaires croissant par blocs et des tarifs...
Yinghua He
n° 12-345, mai 2012
The Boston mechanism is criticized for its poor incentive and welfare performance compared to the Gale-Shapley deferred-acceptance mechanism (DA). Using school choice data from Beijing, I investigate parents’ behavior under the Boston mechanism, taking into account parents’ possible mistakes when...
Jean-Paul Azam
Michel Le Breton, Peter Sudhölter et Vera Zaporozhets
n° 12.19.376, mai 2012
In this paper, we analyze the equilibrium of a sequential game-theoretical model of lobbying, due to Groseclose and Snyder (1996), describing a legislature that vote over two alternatives, where two opposing lobbies compete by bidding for legislators?votes. In this model, the lobbyist moving ?rst...
Elodie Alet, Liliane Bonnal et Pascal Favard
This paper estimates the treatment effect of grade repetition on subsequent schooling performances in France. We correct for potential selection issues associated with grade retention, using a multi-stage econometric model. We find that early grade repetition (Grade 1 or 2) leads to an increase in...
n° 718, mai 2012, révision janvier 2013
We examine the characteristics of the optimal insurance contract under linear transaction cost and an ambiguous distribution of losses. Under the standard expected utility model, we know from Arrow (1965) that it contains a straight deductible. In this paper, we assume that the policyholder is...
Catherine Bobtcheff et Thomas Mariotti
vol. 75, n° 1, mai 2012, p. 53–66
We consider a preemption game with two potential competitors who come into play at some random secret times. The presence of a competitor is revealed to a player only when the former moves, which terminates the game. We show that all perfect Bayesian equilibria give rise to the same distribution of...
José Féres et Arnaud Reynaud
Springer Netherlands, vol. 52, n° 1, mai 2012, p. 65–85
This study investigates the impact of formal and informal regulations on environmental and economic performance of Brazilian manufacturing firms. We adopt a dual approach where production technology is represented by a cost function, approximated by a translog form. Pollution is considered as a...
Emmanuelle Auriol et Jean-Luc Demonsant
vol. 42, mai 2012, p. 875–889
This paper examines determinants of schooling in traditional hierarchical societies with an established history of outmigration. In the village, a ruling caste controls local political and religious institutions. For children who do not belong to the ruling caste, migration is a strategy to...
