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Augustin Landier, David Sraer et David Thesmar
n° 11-279, août 2011
Using loan level data, we provide evidence consistent with risk-shifting in the lending behavior of a large subprime mortgage originator { New Century Financial Corporation { starting in 2004. This change follows the monetary policy tightening implemented by the Fed in the spring of 2004, which...
Régis Breton et Bertrand Gobillard
n° 11-308, août 2011
We propose an approach to restricting the set of equilibria in a market game and use it to assess the robustness of the price dispersion results obtained by Koutsougeras [2003, J. Econ. Theory 108, 169–175] in the multiple trading posts setup. More precisely, we perturb the initial game by the...
Nicholas Bloom, Mirko Draca et John Van Reenen
août 2011
We examine the impact of Chinese import competition on broad measures of technical change - patenting, IT, R&D, TFP and management practices – using new panel data across twelve European countries between 1996-2007. We correct for endogeneity using the removal of product-specific quotas...
Suzanne Scotchmer et Junjie Zhou
We study the optimal way to select projects or agents in environments where information arrives in well defined rounds. Examples include academic environments where review periods are set by policy, aptitude tests such as those given by software developers to programmers applying for jobs, venture...
Jeanine Miklos-Thal, Patrick Rey et Thibaud Vergé
vol. 9, n° 4, août 2011, p. 721–741
Jean-Jacques Dethier, Maximilian Hirn et Stéphane Straub
vol. 26, n° 2, août 2011, p. 258–309
Antoine Bommier, Marie-Louise Leroux et Jean-Marie Lozachmeur
vol. 95, n° 7-8, août 2011, p. 612–623
Jérôme Mathis
Washington, D.C. : American Political Science Association, vol. 105, n° 3, août 2011, p. 516–529
Christian Gollier
vol. 38, n° 3, août 2011, p. 325–334
Bruno Biais
31 août 2011
