Based on a reduced-form state-dependent pricing model with random thresholds, we specify and estimate a nonlinear panel data model with an unobserved factor representing the common cost or demand components of the unobserved optimal price. Using this model, we are able to assess the relative...

The economic and financial crisis has meant sizeable employment losses that resulted from different adjustment mechanisms in domestic firms and multinational companies. This may be due to either production plant closures or downsizing by firms that remain active. This paper evaluates the...

Using a panel of more than 3,100 French corporate groups' affiliates and parent companies, we estimate a production function model where we enable the productivity of a firm to depend on the knowledge produced by the R&D activities of the other companies in the group. We find indeed that a...

[spa] Estimación de ganancias con datos de panel: caracter endógeno del capital humano y efectos de la selección, . por Yves Guillotin y Patrick Sevestre.. . El objectivo de este artículo es de analizar dos de las dificultades con las que se tropieza cuando se prétende realizar tests...

[spa] Negociaciones salariales y segmentación del mercado de trabajo, . por Pierre Cahuc, Patrick Sevestre, Hélène Zajdela.. . El presente artículo propone un modelo de negociaciones salariales capaz de explicar la segmentación del mercado de trabajo. Mediante la teoría de los juegos...

This paper focuses on the access of independent French SMEs to bank lending and analyzes whether the observed evolution of credit to SMEs over the recent period was “demand driven” as a result of the decrease in firms’ activity and investment projects or was “supply driven” with an...

Using business survey data, we estimate an ordered probit model to explain the occurrence of producer price increases and decreases in the French manufacturing industry. Our results show that changes in intermediate input prices are the main driver of producer price changes. Changes in firms'...