This paper reports the results of an experimental wine auction. Participants of the experiment were randomly assigned to three rooms. In each room four wines had to be evaluated, but the level of information to which participants had access differed across rooms. After the evaluations, the wines...

In the 1860's in France, firms often stopped their production in summer. This paper tests the hypothesis that it can be partially explained by worker mobility between industry and agriculture during summer. Formally, labour supply is modelled as an arbitrage by workers between the two types of...

In this paper, we analyze the increase in education levels of young generations in France between 1980 and 1993. We insist on three factors that could have explained this increase: i) increasing returns to education in the labour market including its protective role against unemployment; ii)...

In this paper, we estimate a structural model of femal participation to the labour market when there exists participation costs which vary with labour supply, and when total household's labour income are taxed. Extending previous attempts (Cogan [1981], Bourguignon, Magnac [1990]), we base the...

The analysis of 85 years of food purchases at the rich, market-oriented Saint-Cyr convent School in the 18th century probes the determinants of consumption, its short-term variations and long-term shifts. Using time-series econometrics, we show that there is no equilibrium relationship between...

In this paper we extend the equilibrium search models of Burdett and Mortensen [1998], Burdett and Vishwanath [1988] and Mortensen and Vishwanath [1994] to allow for endogenous matching and endogenous capital determination. In our model, in order to attract a positive measure of workers, firms...