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Augustin Landier et David Thesmar
16 février 2011
Gilles Saint-Paul
Hippolyte d'Albis et Emmanuel Thibault
3 février 2011
Helmuth Cremer et Catarina Goulão
n° 11-217, janvier 2011
A wide variety of social protection systems coexist within the EU. Some member states provide social insurance that is of Beveridgean inspiration (with universal and more or less flat benefits), while others offer a system that is mainly Bismarckian (with benefits related to past contributions)....
Catarina Goulão et Miguel Gouveia
n° 11-220, janvier 2011
Increasing the effective retirement age contributes to the sustainability of pension systems. However, oftentimes policies aiming at rising employment rates of older workers fall short in delaying retirement. This seems to be the case with retirement age flexibility reforms in Portugal. We analyze...
Christian Gollier
janvier 2011
Josepa Miquel-Florensa
William R. Kerr, Josh Lerner et Antoinette Schoar
This paper documents that ventures that are funded by two successful angel groups experience superior outcomes to those that are rejected: they have improved survival, exits, employment levels, patenting, web traffic, and financing. We use strong discontinuities in the funding behavior of angels...
Jérôme Renault
vol. 13, n° 2, janvier 2011, p. 309–330
We consider dynamic programming problems with a large time horizon, and give suf- ficient conditions for the existence of the uniform value. As a consequence, we obtain an existence result when the state space is precompact, payoffs are uniformly contin- uous and the transition correspondence is...
David Bardey et Jean-Marc Bourgeon
vol. 11, n° 2, janvier 2011
We develop a model in which two insurers and two health care providers compete for a fixed mass of policyholders. Insurers compete in premium and offer coverage against financial consequences of health risk. They have the possibility to sign agreements with providers to establish a health care...
