This paper, prepared for the Invited Symposium "Financial Econometrics" at the 7th WCES, Tokyo, August 1995, surveys the subject of Econometrics of option pricing, and more precisely try to offer versatile tools to model the source of the prediction errors in option pricing.

We analyze the strategic pricing and informative advertising decisions made by firms in duopolistic contexts. We show that whether the products are substitutes or complements, these exist strategic settings in which firms keep potential consumers uninformed about their products even if...

We analyse the allocation of students who differ in their ability to two school types when there are peer effects (students learn more the better their classmates) and expected income after school depends also on the average productivity of peers. We derive the allocation under free school...

This paper studies the design of financial agreements (claims, tightness of relationships) between entrepreneurs and investors, in the case where both must exert costly unobservable efforts to improve the profitability of the firm.

L'objet de cet article est de presenter une synthese de la litterature theorique concernant les interactions entre strategies financieres et strategies de production.

In this paper, we show how a differentiated tax treatment of corporate losses and corporate profits induces the firm to behave in a very specific risk-averse manner.

Cet article presente un modele de donnees de panel dans lequel les regresseurs peuvent varier dans le temps, selon les individus, ou les deux. Certains regresseurs sont supposes endogenes. Lo'bjectif est ici est d'etendre les methodes d'estimation des modeles a un seul effet au modele a deux...