We propose a structural empirical approach à la Levinsohn and Petrin (2003) to disentangle the effect of experts’ grades from the effect of unobserved quality on the pricing of experience goods. Using a panel data set of 108 châteaux selling wine on the Bordeaux ‘en primeur’ market, we...

The objective of this paper is to develop an analytical framework for estimation of the parameters of a structural model of an incentive contract under moral hazard, taking into account agents heterogeneity in preferences. We show that allowing the principal to strategically distribute the...

We semiparametrically estimate the impact of the Mexican conditional cash transfer program Oportunidades on the time mothers and older sisters spend taking care of children aged under 3, using the randomization of the program placement and the methodology in Lewbel (2000). Results support the...

We show that taking into account the consequences of child labor on both childhood welfare and human capital investment, instead of focusing exclusively on the human capital dimension, brings new insights on the economic analysis of child labor. In particular, there are new sources of potential...

The objective of this paper is to develop an analytical framework for estimation of the parameters of a structural model of an incentive contract under moral hazard, taking into account agents heterogeneity in preferences. We show that allowing the principal to strategically distribute the...

This paper analyzes the demand and cost structure of the French market of academic journals. After merging several databases, we estimate an aggregated nested logit demand system combined simultaneously with a pricing equation, taking into account theevolution of impact factors of journals. We...

We estimate semiparametrically the impact of the Mexican conditional cash transfer program Oportunidades on the time mothers and older sisters spend taking care of children aged under 3, using the randomization of a program placement and the methodology in Lewbel (2000). Results support the...