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Should we subsidize longevity?
Leroux, Marie-Louise; Pestieau, Pierre; Ponthière, Grégory - HAL - 2008
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10010738996
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On the impact of trade on industrial structures: The role of entry cost heterogeneity
Oyama, Daisuke; Sato, Yasuhiro; Tabuchi, Takatoshi; … - HAL - 2009
This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of … make the symmetric equilibrium unstable, generating equilibrium multiplicity, while sufficient heterogeneity of individuals …
Persistent link: https://www.econbiz.de/10010739068
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Heterogeneous anchoring in dichotomous choice valuation framework
Flachaire, Emmanuel; Hollard, Guillaume; Luchini, Stephane - HAL - 2007
This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...
Persistent link: https://www.econbiz.de/10010750356
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Cooperation in a Game of Chicken with Heterogeneous Agents: An Experimental Study
Cabon-Dhersin, Marie-Laure; Etchart-Vincent, Nathalie - HAL - 2008
Using a two-stage Game of Chicken, Cabon-Dhersin and Ramani (2007) examine the impact of population heterogeneity on …
Persistent link: https://www.econbiz.de/10010751040
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Impact of information cost and switching of trading strategies in an artificial stock market
Liu, Yi-Fang; Zhang, Wei; Xu, Chao; Andersen, Jørgen … - HAL - 2014
This paper studies the switching of trading strategies and its effect on the market volatility in a continuous double auction market. We describe the behavior when some uninformed agents, who we call switchers, decide whether or not to pay for information before they trade. By paying for the...
Persistent link: https://www.econbiz.de/10011025816
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Weather-index drought insurance : an ex ante evaluation for millet growers in Niger
Leblois, Antoine; Quirion, Philippe - HAL - 2011
In the Sudano-Sahelian region, which includes South Niger, the inter-annual variability of the rainy season is high and irrigation is scarce. As a consequence, bad rainy seasons have a massive impact on crop yield and regularly entail food crises. Traditional insurances based on crop damage...
Persistent link: https://www.econbiz.de/10011026212
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Heterogeneous Beliefs and Asset Pricing in Discrete Time
Napp, Clotilde; Jouini, Elyès - HAL - 2006
consumer to investigate the impact of beliefs heterogeneity on the CCAPM and on the expression of the risk free rate. We focus …
Persistent link: https://www.econbiz.de/10008788886
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Testing the Specification of the Mincer Wage Equation
Belzil, Christian - HAL - 2006
transition from one grade level to the next with observed and unobserved heterogeneity, and ii) a flexible version of the … celebrated Mincerian wage equation with skill heterogeneity, non linearity in schooling, non-separability between the effects of … on unobserved and observed skills. Skill heterogeneity is also found to be over-estimated when non-linearity is ignored …
Persistent link: https://www.econbiz.de/10008793057
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A microfoundation for adaptability returns to schooling and technological complexity
Cerdan, Ophélie; Decreuse, Bruno; Granier, Pierre - HAL - 2010
microfoundations to such an argument, and revisits the impacts of worker heterogeneity and risk aversion. In our model, firms and …
Persistent link: https://www.econbiz.de/10008793597
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Monetary Policy and Inflation Divergences in a Heterogeneous Monetary Union
Villieu, Patrick; Gregoriadis, Nelly; Semenescu, Florina - HAL - 2006
It is widely recognized that the Euro area is an asymmetric monetary union which assembles countries with heterogeneous structures on financial, goods and labour markets stricken by asymmetric shocks. However, the main objective of the European Central Bank (ECB) is to preserve price stability...
Persistent link: https://www.econbiz.de/10008793725