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Informed Principal and Countervailing Incentives
Fleckinger, Pierre - HAL - 2007
It has been shown by Maskin and Tirole (1990, proposition 11) that with quasi-linear preferences and private values, an informed principal neither gains nor loses if her private information is revealed before contracting takes place. The note shows that this result may not hold when the agent...
Persistent link: https://www.econbiz.de/10010635017
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Bayesian Improvement of the Phantom Voters Rule: An example of Dichotomic Communication
Fleckinger, Pierre - HAL - 2008
This paper studies communication mechanisms for two players with symmetric single-peaked preferences. The peaks are privately known and drawn from a uniform distribution before the agents take a collective decision. While for the general setting Moulin (1980) characterized all strategy-proof...
Persistent link: https://www.econbiz.de/10010635118
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Evolutionary beliefs and financial markets
Jouini, Elyès; Napp, Clotilde; Viossat, Yannick - HAL - 2013
between pessimism (resp. doubt) and risk-tolerance. Under reasonable assumptions, beliefs exhibit a pessimistic bias and, as a … consequence, the risk premium is higher than in a standard setting. …
Persistent link: https://www.econbiz.de/10010734229
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Evolutionary Beliefs and Financial Markets
Jouini, Elyès; Napp, Clotilde; Viossat, Yannick - HAL - 2012
correlation between pessimism (respectively doubt) and risk tolerance. Under reasonable assumptions, beliefs exhibit a pessimistic … bias and, as a consequence, the risk premium is higher than in a standard setting. …
Persistent link: https://www.econbiz.de/10010735042
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Deterministic monotone dynamics and dominated strategies
Viossat, Yannick - HAL - 2011
We survey and unify results on elimination of dominated strategies by monotonic dynamics and prove some new results that may be seen as dual to those of Hofbauer and Weibull (J. Econ. Theory, 1996, 558-573) on convex monotonic dynamics.
Persistent link: https://www.econbiz.de/10009353557
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Routines during an organizational change: a study on dynamics and its effects
Peigné, Paul - HAL - 2013
In their quest for deeper insight into organizations, for some years now a great deal of researchers have focused on the concept of routines. Routines enable researchers to make out some of the dynamics which govern the organization, by fostering stability or , on the contrary, favoring...
Persistent link: https://www.econbiz.de/10010898790
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Overcoming inertia: insights from evolutionary economics into improved energy and climate policy
Lazaric, Nathalie; Maréchal, Kevin - HAL - 2010
The mainstream view in economics has been a key factor in designing climate policies. Given that the controversy over the “efficiency paradox” has shown that mainstream economics is not neutral in the way it deals with climate change, the purpose of this paper is to investigate what insights...
Persistent link: https://www.econbiz.de/10008791603
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Stratégies évolutionnaires dans un modèle macroéconomique dynamique et complexe peuplé d'agents hétérogènes, autonomes et concurrents
Seppecher, Pascal - HAL - 2010
Suivant la feuille de route tracée par Joan Robinson, nous avons construit un modèle d'économie monétaire de production avec monnaie endogène, peuplé d'agents hétérogènes, autonomes et concurrents. Dans ce papier, on se propose de relâcher l'hypothèse d'entreprises orientées vers la...
Persistent link: https://www.econbiz.de/10008792101
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Justice distributive et justice commutative dans la société moderne
Billaudot, Bernard - HAL - 2011
L'auteur commence par un rappel de la distinction faite par Aristote qui concerne la justice comme vertu particulière …, et non pas ce qu'il appelle la justice totale. Or les théories récentes prises en compte traitent de la justice de l …'ordre social, ou encore de la justification des inégalités constatées à cette échelle, c'est-à-dire de la justice totale. Il y a …
Persistent link: https://www.econbiz.de/10010820851
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Petites et grandes entreprises face à la faillite au XIXème siècle en France : du droit à la pratique
Hautcoeur, Pierre-Cyrille; Levratto, Nadine - HAL - 2007
sources : la statistique annuelle des faillites mise en place à partir de 1840 par le Ministère de la Justice et les dossiers …
Persistent link: https://www.econbiz.de/10010739075