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)...

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"...