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7 décembre 2009
Christian Gollier et Christian de Perthuis
4 décembre 2009
Sophie Fay
3 décembre 2009
Augustin Landier et David Thesmar
2 décembre 2009
Augustin Landier
Pierre Dubois et Ethan Ligon
n° 09-108, novembre 2009
Using data on individual consumption from farm households in the Philippines, we construct a direct test of risk-sharing within the household. We contrast the efficient outcomes predicted by the unitary household model with the outcomes we might expect if food consumption delivers not only utils,...
Christian Gollier et Martin L. Weitzman
n° 09-107, novembre 2009
It is not immediately clear how to discount distant-future events, like climate change, when the distant-future discount rate itself is uncertain. The so-called “Weitzman-Gollier puzzle” is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future discount...
Helmuth Cremer, Firouz Gahvari et Pierre Pestieau
n° 09-119, novembre 2009
When accidental bequests signal otherwise unobservable individual characteristics such as productivity and longevity, the tax administration should partition the population into two groups: One consisting of people who do not receive an inheritance and the other of those who do. The first tagged...
Pierre-Olivier Pineau et Étienne de Villemeur
n° 09-118, novembre 2009
Electricity trade across regions is often considered welfare enhancing. We show in this paper that this could be reconsidered if environmental externalities are taken into account. We consider two cases where trade is beneficial, before accounting for environmental damages: first, when two regions...
