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Private versus public consumption within groups : testing the nature of goods from aggregate data.

Cherchye, Laurens; Rock, Bram De; Platino, Vincenzo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010

We study the testability implications of public versus private consumption. The distinguishing feature of our approach is that we start from a revealed preference characterization of collectively rational behavior. Remarkably, we find that assumptions regarding the public or private nature of...

Persistent link: https://www.econbiz.de/10008727370

Production externalities and expectations application to the economics of climate change.

Mandel, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007

In this paper, we extend the problem of decentralization of Pareto optima in an economy with production externalities …

Persistent link: https://www.econbiz.de/10005510589

Changes in the firms behavior after the opening of an allowance market.

Mandel, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007

This paper focuses on the influence of the influence of the opening of a market of allowances, such as the European Union Emission Trading Scheme, on the general equilibrium of an economy. Assuming there existed an equilibrium before the opening of this new market, we describe the changes in the...

Persistent link: https://www.econbiz.de/10005510601

An index formula for production economies with externalities.

Mandel, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007

In this paper we prove an index formula for production economies with externalities. We allow for non-convexities in …

Persistent link: https://www.econbiz.de/10005510613

Private ownership economies with externalities and existence of competitive equilibria: A differentiable approach

Mercato, Elena L. del; Platino, Vincenzo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2015

We consider a general equilibrium model of a private ownership economy with consumption and production externalities …. Fixing the externalities, the assumptions on utility functions and production technologies are standard in a differentiable … externalities is non trivial and it requires some ingenious adjustments, because the production technologies are not required to be …

Persistent link: https://www.econbiz.de/10011268204

Externalities, consumption constraints and regular economies.

Bonnisseau, Jean-Marc; Mercato, Elena L. Del - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008

We consider a general model of pure exchange economies with consumption externalities. Households may have different …

Persistent link: https://www.econbiz.de/10005041114

Investment Policy for New Environmental Monitoring Technologies to Manage Stock Externalities.

Millock, Katrin; Xabadia, Angels; Zilberman, David - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

systems can be envisaged that allow for monitoring of the negative externalities generated by producers, consumers or …

Persistent link: https://www.econbiz.de/10005012501

Welfare improvement properties of an allowance market in a production economy.

Mandel, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007

This paper studies the welfare improvement properties of a market of allowances in an economy with a single type of externality. We show that thanks to the opening of such a market the Pareto optima can be decentralized as marginal pricing equilibria. However, the set of equilibria is much...

Persistent link: https://www.econbiz.de/10005797762

Credit segmentation in general equilibrium.

Cea-Echenique, Sebastián; Torres-Martínez, Juan Pablo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014

We build a general equilibrium model with endogenous borrowing constraints compatible with credit segmentation. There are personalized trading restrictions connecting prices with both portfolio constraints and consumption possibilities, a setting which has not thoroughly been addressed by the...

Persistent link: https://www.econbiz.de/10011123712

Regular economies with ambiguity aversion.

Biheng, Noé; Bonnisseau, Jean-Marc - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013

We consider a family of exchange economies where consumers have multiprior preferences representing their ambiguity aversion. Under a linear independence assumption, we prove that regular economies are generic. Regular economies exhibit enjoyable properties: odd finite number of equilibrium...

Persistent link: https://www.econbiz.de/10010727907