The paper considers a version of the well-known Lucas [1972] model, in a specification due to Azariadis. The "Lucas" solution is derived (explicitly in this framework) under the assumption that money is "strongly neutral" (in the sense that the current stock of money does not influence real...

The paper analyzes the redistributive properties of the French tax-benefit system; it relies upon a simulation over a sample of French households. The approach is essentially comparative: we model the effects of introducing into the French structure elements from the British tax and benefit...

In this paper, I investigate the properties of the aggregate demand function for a collective good, when the collectivity takes Pareto-efficient decisions and income distributions are observable. A close duality relationship is shown to exist between this problem and the traditional problem of...

The goal of this paper is twofold. First, we reproduce upon French data previous tests of the so-called "income pooling" hypothesis, a consequence of traditional models of household behaviour according to which only total income -- and not income distribution across members -- should matter. We...

We consider a repeated moral hazard model. We make two assumptions, which are specific of labor markets (no-commitment from the agent, accumulation of human capital). The optimal contract may be with or without memory, depending on parameters. In particular, there is no memory for "high enough"...