Jump to navigation
Gilles Saint-Paul
6 février 2009
Alexandre Maddens
4 février 2009
3 février 2009
Hippolyte d'Albis et Emmanuel Thibault
n° 09-010, 2 février 2009
In this article, the diversification motives of the demand for annuities is analyzed. Using a model allowing for the uncertainty of both the human life length and the interest rate, the Decision Maker is supposed to choose an optimal portfolio to maximize a bequest. Conditions under which an...
David Bardey et Jean-Charles Rochet
2 février 2009
Bruno Biais, Christophe Bisière et Sébastien Pouget
n° 09-001, janvier 2009
We experimentally analyze equilibrium discovery in i) a pure call auction, ii) a call auction preceded by a nonbinding preopening period, and iii) a call auction preceded by a binding preopening period. We examine whether a preopening period can facilitate coordination on the Pareto dominant...
Céline Bonnet, Pierre Dubois et Valérie Orozco
n° 09-003, janvier 2009, révision mai 2011
We show how to use a long period of observation of all food purchases at the household level to infer the profile of average individual caloric intakes according to the gender, age and the body mass index of household members. Using data from France, we apply this method to analyze the relationship...
Pierre Dubois et Tomislav Vukina
n° 09-136, janvier 2009, révision décembre 2009
In this paper we study the effects of the change in contract length on the agents' incentives to invest and exert effort. We present an agent's dynamic decision model that explicitly deals with two types of investments and directly allows for contract regime switching by varying the probability of...
Pierre-André Chiappori, Amit Gandhi, Bernard Salanié et François Salanié
n° 09-004, janvier 2009
When studying consumption choices, economists have often relied on the abstraction of a representative agent. Such an agent can indeed be shown to exist and to replicate the aggregate consumers' demand under standard, but not necessarily convincing assumptions (Kirman (1992)). There was also...
