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Peer Pressure in Work Teams : The effects of Inequity Aversion
Masclet, David - HAL - 2002
Many empirical studies have shed light on the efficiency of peer pressure. I propose here to model peer pressure by incorporating in the utility function self centered inequity aversion. I find that opportunity for sufficiently inequity averse players to punish their peers, is effective in...
Persistent link: https://www.econbiz.de/10008791240
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Is Formal Employment Discouraged by the Provision of Free. Health Services to the Uninsured ? Evidence From a Natural Experiment in Mexico
Valle, Alejandro Del - HAL - 2013
This article analyzes whether the large scale provision of non-contributory health services encourages workers to move away from jobs that pay contributions to social security (formal employment). Using a difference-in-differences design, that exploits the variation generated by the municipal...
Persistent link: https://www.econbiz.de/10010738932
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Environmental climate instruments in Romania: A comparative approach using dynamic CGE modelling
Loisel, Rodica - HAL - 2009
This study simulates a CO2 permit market in Romania using a dynamic general equilibrium model. The carbon constraint is set at 20.7% below the reference emissions level for sectors eligible according to the EU-ETS (European Union Emission Trading Scheme). Free permit distribution enhances growth...
Persistent link: https://www.econbiz.de/10008793396
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Indebtedness and macroeconomic imbalances in a monetary-union DSGE model
Badarau, Florina-Cristina; Huart, Florence; Sangaré, … - HAL - 2013
We build a two-country open-economy monetary union DSGE model in order to explain some macroeconomic imbalances in the euro area. We fo cus on the role of cyclic al behaviour of public spending and sovereign risk premium. Pro-cyclical primary public expenditures in one country do not lead to...
Persistent link: https://www.econbiz.de/10010899832
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Alarm System for Credit Losses Impairment
Salhi, Yahia; Thérond, Pierre-Emmanuel - HAL - 2014
The recent fi nancial crisis has lead the IASB to settle new reporting standards for fi nancial instruments. The extended ability to measure some debt instruments at amortized cost is associated with a new impairment losses mechanism: Expected Credit Losses. In this paper, after a brief...
Persistent link: https://www.econbiz.de/10010899862
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Financial crashes versus liquidity trap : the dilemma of monetary policy
Giraud, Gaël - HAL - 2010
This paper considers a two-period monetary double auction with incomplete markets of securities and derivatives. Players may share heterogenous beliefs. Short positions in derivatives are constrained by collateral requirements. A central Bank stands ready to lend money or engage in...
Persistent link: https://www.econbiz.de/10010635211
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Debt-Deflation versus the Liquidity Trap : the Dilemma of Nonconventional Monetary Policy
Giraud, Gaël; Pottier, Antonin - HAL - 2012
backed by collateral, the value of which depends on monetary policy. The decision to default is endogenous and depends on the … refinement of the Quantity Theory of Money that turns out to be compatible with the long-run non-neutrality of money. Moreover … of monetary policy highlights the default channel affecting trades and production, and provides a rigorous foundation to …
Persistent link: https://www.econbiz.de/10011025794
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Goodhart, Charles A.E. and Tsomocos, Dimitros P.: The challenge of financial stability: a new model and its applications
Chatelain, Jean-Bernard - HAL - 2013
Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the …
Persistent link: https://www.econbiz.de/10011025863
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A Gendered Approach to Temporary Labour Migration and Cultural Norms. Evidence from Romania
Prelipceanu, Raluca - HAL - 2008
This paper analyses the determinants of the Romanian temporary labour migration during the transition period. First of all, we build a househould level model in order to explain the decision to migrate in a couple. Then, by using a 10% sample of the Romanian 2002 Census we try to assess the...
Persistent link: https://www.econbiz.de/10010738460
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The economic analysis of social norms: A reappraisal of Hayek's legacy
Festré, Agnès; Garrouste, Pierre - HAL - 2009
This paper is organized as follows : First we show that the reference to the notion of group selection is coherent with the other parts of Hayek's thought. Second we develop the idea that recent works in terms of the emergence and evolution of social norms corroborate in part Hayek's theses in...
Persistent link: https://www.econbiz.de/10010738529