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Paul Seabright
20 mai 2012
Augustin Landier et David Thesmar
16 mai 2012
14 mai 2012
David Martimort et Stéphane Straub
n° 12-315, 11 mai 2012
We analyze how uncertainty regarding future climate conditions affects the design of concession contracts, organizational forms and technological choices in a principal-agent context with dynamic moral hazard, limited liability and irreversibility constraints. The prospect of future, uncertain...
David Bardey et Philippe De Donder
n° 12-320, 11 mai 2012
We develop a model where a genetic test reveals whether an individual has a low or high probability of developing a disease. A costly prevention effort allows high-risk agents to decrease this probability. Agents are not obliged to take the test, but must disclose its results to insurers, and...
10 mai 2012
9 mai 2012
8 mai 2012
7 mai 2012