This paper presents bayesian inference procedures for the continuous time mover-stayer model applied to individual transition data collected in discrete time. In particular, these methods allow to derive the probability of embeddability of the discrete-time modelling with the continuous-time...

Certains auteurs, tels P. Schou ou P. Aghion et P. Howitt, ont caracterise les sentiers optimaux de croissance dans un modele schumpeterien en presence d'une ressource non renouvelable. Le premier objectif de cet article est de montrer comment ces sentiers peuvent etre implementes dans une...

Certains auteurs, tels P. Schou ou P. Aghion et P. Howitt, ont caracterise les sentiers optimaux de croissance dans un modele schumpeterien en presence d'une ressource non renouvelable. Le premier objectif de cet article est de montrer comment ces sentiers peuvent etre implementes dans une...

In the chapter 4 of their book "Endogenous Growth Theory", P. Aghion and P. Howitt introduce environemental pollution in an aggregate Schumpeterian model and they characterize the optimal path. In this paper , we study the equilibria in a decentralized compatible with their model. First study...

As the structure of consumer preferences plays a crucial role in the analysis of differentiated product markets, estimation of demand systems is a sensitive task. This paper contributes to this project in two ways. First, we develop a method to deal with the simultaneous choice of an equipment...

In addition to showing the connection between parallel contingent and noncontingent risk comparison problems, we articulate a method for solving both kinds of problems using the "basis" approach. The basis approach has often been used implicitly, but we argue that there is value to making its...

This paper studies a classical extension of the Black and Scholes model of option pricing, often known as the Hull and White model. Our specificity is that the volatility process is assumed not only to be stochastic, but also to have long memory features and properties. We study here the...