This paper presents the results of an analysis on Life Lacket (LJ) effectiveness in U.S. recreational boating between 2008 and 2011. We use the US Coast Guard's Boating Accident Report Database (BARD) to fit a Poisson regression of number of fatalities on many different factors interacting at...

In this paper, we use a Principal-Agent model (à la Holmström) to evaluate the economic impacts at imposing a tax on insurance payment resulting from an optimal contract in presence of moral hazard. We show that, in most cases, the tax generates a disincentive for the risk averse insured to...

Between the latter nineteenth century and the 1930s there was a dramatic revolution in American families. Family size continued its long-term decline, the schooling of older children expanded and the proportion of married females' adulthood devoted to market-oriented activities increased. Over...

In order to treat a natural schedule matching problem related with worker-firm matchings, we generalize some theorems of Baiou--Balinski and Alkan--Gale by applying a fixed point method of Fleiner.

We study the effects of a statutory wage tax sharing rule in a principal - agent framework with moral hazard (à la Holmstrom, 1979) using the approach of Bose, Pal, Sappington (2007) to model the stochastic relationship between the agent’s unobserved effort and his observed performance. The...

We design and estimate a game theoretic congestion pricing mechanism in which the regulator aims at reducing traffic congestion by discriminating travelers according to their willingness to travel on the network. He knows that travelers learn about their environment, that their preferences are...

In matching theory of contracts the substitutes condition plays an essential role to ensure the existence of stable matchings. We study many-to-many matchings where groups of individuals, of size possibly greater than two, are matched to a set of institutions. Real-world examples include orphan...

This paper addresses revolutionary changes in the education, fertility and market work of U.S. families formed in the 1870s-1920s: Fertility fell from 5.3 to 2.6; the graduation rate of their children increased from 7 to 50 percent; and the fraction of adulthood wives devoted to market-oriented...