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Paul Seabright
28 avril 2009
Mario Margiocco
16 avril 2009
Jacques Crémer et Jean-Luc Gaffard
13 avril 2009
Jacques Crémer et Christian Gollier
8 avril 2009
Jan Johannes, Sébastien Van Bellegem et Anne Vanhems
n° 09-030, 3 avril 2009
This paper studies the estimation of a nonparametric function ' from the inverse problem r = T' given estimates of the function r and of the linear transform T. The rate of convergence of the estimator is derived under two assumptions expressed in a Hilbert scale. The approach provides a unified...
Fany Declerck et Sophie Moinas
mars 2009, révision mai 2010
We use a natural experiment, consisting of asymmetric changes in the fees charged by Euronext Amsterdam to the submission of market and limit orders in 2004, to improve our understanding of the formation of liquidity in limit order books. Counter-intuitively, changes in order submission fees are...
Jean-Paul Azam
n° 09-034, mars 2009
This paper presents an analytic narrative of three decades of oil and violence in Nigeria, assuming rational choice by all the actors. It argues that, in the 1980s and 1990s, the government had to choose between spending money on preventing pollution and terrorizing the population away from the...
Céline Bonnet, Pierre Dubois, David Martimort et Stéphane Straub
n° 09-020, mars 2009
Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse welfare effects, there has been a strong surge in public discontent with such...
Laurent Flochel, Bruno Versaevel et Étienne de Villemeur
n° 09-027, mars 2009, révision juillet 2011
Collusion sustainability depends on firms’ aptitude to impose sufficiently severe punishments in case of deviation from the collusive rule. We characterize the ability of oligopolistic firms to implement a collusive strategy when their ability to punish deviations over one or several periods is...
André Grimaud, Bertrand Magné et Luc Rougé
n° 09-023, mars 2009
We study how the availability of an abatement technology affects the optimal use of polluting exhaustible resources, and optimal climate policies. We develop a Romer endogenous growth model in which the accumulated stock of greenhouse gas emissions harms social welfare. Since the abatement...
