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Cremer, Helmuth; Maldonado, Darío - 2013

This paper studies oligopolistic competition in education markets when schools can be private and public and when the quality of education depends on "peer group" effects. In the first stage of our game schools set their quality and in the second stage they fix their tuition fees. We examine how...

Persistent link: https://www.econbiz.de/10009722406

Habit formation and labor supply

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to "unretire", i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...

Persistent link: https://www.econbiz.de/10003730377

Social security, retirement age and optimal income taxations

Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - 2002

It is often argued that implicit taxation on continued activity of elderly workers is responsible for the widely observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such implicit taxation. The point of this paper is that when...

Persistent link: https://www.econbiz.de/10011409410

Wage and Price Joint Dynamics at the Firm Level : An Empirical Analysis

Horny, Guillaume - 2010

This article provides evidence about the interrelationships between wages and prices at the microeconomic level. We rely on the right-to manage model to specify and estimate a multivariate model explaining the timing and magnitude of wage changes at the firm level. The modeling of price changes...

Persistent link: https://www.econbiz.de/10013135218

Until taxes do us part : tax penalties or bonuses and the marriage decision

Barigozzi, Francesca; Cremer, Helmuth; Roeder, Kerstin - 2017

up. In this signaling game, proposing (or getting married) is costly but can indicate strong love. The striking property … sufficiently large, the signaling mechanism breaks down, and only a pooling equilibrium in which fewer couples get married remains … equilibrium with efficiency enhancing information transmission, which was otherwise not possible. Our results also imply that …

Persistent link: https://www.econbiz.de/10011752304

Household bargaining and the design of couples' income taxation

Cremer, Helmuth; Lozachmeur, Jean-Marie; Maldonado, Darío - 2015

information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …

Persistent link: https://www.econbiz.de/10010479336

Lumpy price adjustments : a microeconometric analysis

Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2007

Persistent link: https://www.econbiz.de/10003498627

Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area

Ehrmann, Michael - 2010

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10013134951

Is There a Bank Lending Channel in France? Evidence from Bank Panel Data

Loupias, Claire - 2010

The aim of this paper is to check the possible existence of a bank lending channel in France. For that purpose, we have estimated a dynamic reduced form model allowing for asymmetries in loan supply across banks, depending on their size, liquidity and capitalization. We have used a panel of 312...

Persistent link: https://www.econbiz.de/10013134954

Lumpy Price Adjustments : A Microeconometric Analysis

Dhyne, Emmanuel - 2010

This paper presents a simple model of state-dependent pricing that allows identification of the relative importance of the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the price's driving variables (extrinsic). Using two data sets...

Persistent link: https://www.econbiz.de/10013137336