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Luis Garicano et Thomas Hubbard
octobre 2011
Earnings inequality has increased substantially since the 1970s. How much does this reáect decreases in coordination costs caused by improvements in Information Technology that allow individuals to better exploit returns to skill? We provide evidence on this question using conÖdential Census data...
Chiara Canta et Pierre Dubois
n° 690, octobre 2011, révision janvier 2014
This paper studies spousal peer effects on the smoking behaviour and their implication for the health of children through passive smoking. Smoking decisions are modeled as equilibrium strategies of an incomplete information game within the couple. Using data from the French Health Survey 2002-2003...
Jean-Paul Décamps, Thomas Mariotti, Jean-Charles Rochet et Stéphane Villeneuve
vol. 66, n° 5, octobre 2011, p. 1501–1544
We develop a dynamic model of a firm facing agency costs of free cash flow and external financing costs, and derive an explicit solution for the firm’s optimal balance sheet dynamics. Financial frictions affect issuance and dividend policies, the value of cash holdings, and the dynamics of stock...
Racha Ramadan et Alban Thomas
vol. 36, n° 5, octobre 2011, p. 637–645
Stefan Ambec
n° 767, octobre 2011
Jean-François Bonnefon, Wim De Neys et Aidan Feeney
vol. 20, n° 5, octobre 2011, p. 321–324
28 octobre 2011
