Weitzman (1998, 2001) proposed a simple “gamma discounting” method to characterize the term structure of discount rates today from the sole distribution of future spot interest rates. This rule which justifies using a smaller discount rate for longer maturities is now used for long-term...

Testosterone administration appears to make individuals less trusting, and this effect was interpreted as an adaptive adjustment of social suspicion, that improved the accuracy of trusting decisions. Here we consider another possibility, namely that testosterone increases the subjective cost of...

In this study we estimate the demand for peace and quiet, and thus also the willingness to pay for railway noise abatement, based on both steps of the hedonic model regression on property prices. The estimated demand relationship suggests welfare gains for a 1 dB reduction of railway noise as;...

Nous exploitons dans cet article la théeorie des indices de pouvoir pour éevaluer les infuences respectives des deux classes d’électeurs dans le mode de scrutin instauré par la loi électorale du 29 juin 1820, dite loi du \double vote". Nous montrons, à l’aide d’un modèle simplifié,...

We address the problem of prediction in the classical spatial autoregressive lag model for areal data. In contrast with the spatial econometrics literature, the geostatistical literature has devoted much attention to prediction using the Best Linear Unbiased Prediction approach. From the...

Agro-environmental schemes (AES), which pay farmers to adopt greener practices, are increasingly important components of environmental and agricultural policies both in the US and the EU. Here we study the French implementation of the EU AES program. We estimate additional and windfall effects...

This paper addresses the issue of price signaling in a model of vertical relationship between a manufacturer and a retailer who share the same information about quality, unlike consumers who do not observe it a priori. We show that delegating the price setting task to a retailer and controlling...

EU regulation on quality food products (PDO labeling) is expected to sustain competitiveness within the agricultural sector. This paper examines the impact of this policy on the survival of cheese firms over the period 1990-2006 in France. We show that such a policy (Appellation d'Origine...

We prove some existence (and sometimes also uniqueness) of weak solutions to some station- ary equations associated to the complex Schrodinger operator under the presence of a singular nonlinear term. Among other new facts, with respect some previous results in the literature for such type of...

The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for completely envelopment frontier models that often super from lack of...