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Iehlé, Vincent; Forges, Françoise - Université Paris-Dauphine (Paris IX) - 2014

We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that … the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah, Am. Econ. J ….: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the …

Persistent link: https://www.econbiz.de/10011072763

Les procédures d'introduction en Bourse en Europe : évolution des pratiques et perspectives

Labégorre, Florence; Gajewski, Jean-François; … - Université Paris-Dauphine (Paris IX) - 2006

Because IPO mechanisms determine both the initial trading price and the allocation of newly-listed firms' shares, they have financial and strategic consequences for shareholders. For that reason, it is of interest to analyse the relative advantages and disadvantages of the different procedures...

Persistent link: https://www.econbiz.de/10010861383

Are IPOs Still a Puzzle? A Survey of the Empirical Evidence from Europe

Boutron, Emmanuel; Gajewski, Jean-François; Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2007

This survey aims at appraising the empirical research conducted on the European IPO markets as of the current date, and at determining to what extent IPO theories explain European IPO patterns. To that end, we first describe the going public process in Europe, its recent developments and its...

Persistent link: https://www.econbiz.de/10010707168

The "Second Dividend" and the Demographic Structure

Jouvet, Pierre-André; Gonand, Frédéric - Université Paris-Dauphine (Paris IX)

The demographic structure of a country influences economic activity. The "second dividend" modifies growth. Accordingly, in general equilibrium, the second dividend and the demographic structure are interrelated. This paper aims at assessing empirically the "second dividend" in a dynamic,...

Persistent link: https://www.econbiz.de/10010764091

Fostering Renewables and Recycling a Carbon Tax: Joint Aggregate and Intergenerational Redistributive Effects

Gonand, Frédéric - Université Paris-Dauphine (Paris IX) - 2014

A rising share of renewables in the energy mix push es up the average price of energy - and so does a carbon tax. However the former bolsters the accumulation of capital whereas the latter, if fully recycled, does not. Thus, in general equilibrium, the effects on growth and intertemporal welfare...

Persistent link: https://www.econbiz.de/10010775071

Dynamic Impacts on Growth and Intergenerational Effects of Energy Transition in a Time of Fiscal Consolidation

Gonand, Frédéric - Université Paris-Dauphine (Paris IX) - 2014

Social planners in most western countries will be facing two long-lasting challenges in the next years: energy transition and fiscal consolidation. One problem is that governments might consider that implementing an energy transition could get i n the way of achieving a fiscal consolidation. If...

Persistent link: https://www.econbiz.de/10010735774

Incentive compatible core and competitive equilibria in differential information economies

Forges, Françoise; Heifetz, Aviad; Minelli, Enrico - Université Paris-Dauphine (Paris IX) - 2001

over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore …

Persistent link: https://www.econbiz.de/10010706418

Characterizing the premium at the equilibrium of a reinsurance market with short sale constraints

Bernis, Guillaume; Jouini, Elyès - Université Paris-Dauphine (Paris IX) - 2001

Persistent link: https://www.econbiz.de/10010707272

Restoring Fiscal Sustainability in the Euro Area Raise Taxes or Curb Spending?

Cournède, Boris; Gonand, Frédéric - Université Paris-Dauphine (Paris IX) - 2006

With population ageing, fiscal consolidation has become of paramount importance for euro area countries. Consolidation can be pursued in various ways, with different effects on potential growth, which itself will be dragged down by ageing. A dynamic general equilibrium model with overlapping...

Persistent link: https://www.econbiz.de/10010707309

On the existence of approximated equilibria in discontinuous economies

Bich, Philippe - Université Paris-Dauphine (Paris IX) - 2005

In this paper, we prove an existence theorem for approximated equilibria in a class of discontinuous economies. The existence result is a direct consequence of a discontinuous extension of Brouwer’s fixed point Theorem (1912), and is a refinement of several classical results in the standard...

Persistent link: https://www.econbiz.de/10011072233