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Christian Gollier
29 décembre 2011
22 décembre 2011
Augustin Landier et David Thesmar
21 décembre 2011
Bruno Biais
19 décembre 2011
Irene Botosaru
n° 11-262, 16 décembre 2011, révision novembre 2013
The paper considers a new class of duration models in which unobserved heterogeneity changes with time. The class addresses two main questions: How does the exit probability from a state vary when unobserved heterogeneity evolves through time? And do changes in unobserved heterogeneity have a...
Jayson L. Lusk, Tyler J. Klain, Ted C. Schroeder et Glynn T. Tonsor
Toulouse, France, 15–16 décembre 2011
This paper proposes a method to directly measure the value of information and compares it to the more conventional approach requiring the explicit specification of a utility function. Using data collected from a field experiment conducted in two grocery stores, we find that the calculated value of...
Lisette Ibanez, Sophie Clot et Gilles Grolleau
A limited but growing literature contends that licensing can operate by committing to a virtuous act in a preceding choice, which reduces negative self-attributions associated with donating less or behaving less virtuously in the succeeding decision. Psychological research and behavioral economics...
Kyriacos Lambrias
n° 11-261, 15 décembre 2011
We extend the empirical SVAR literature on real exchange rates by extracting a common stochastic trend in productivity, interpreted as a permanent world technology shock. Overall, we find that innovations to world technology constitute an important, albeit not the dominant, source of movements in...
Dermot Hayes et Sergio Lence
Yu Jianyu et Zohra Bouamra-Mechemache
