This paper deals with nonparametric estimation of conditional densities in mixture models. The proposed approach consists to perform a preliminary clustering algorithm to guess the mixture component of each observation. Conditional densities of the mixture model are then estimated using kernel...

This work considers the problem of the optimal design of an hydrogen transmission network. This design problem includes the topology determination and the pipelines dimensioning problem. We define a local search method that simultaneously looks for the least cost topology of the network and for...

This paper assesses the joint behavior of the nominal interest rate and the inflation in a sticky prices model with exogenous money growth rule. Using a limited information estimation method, we identify and estimate the relation between the nominal interest rate and the expected inflation...

This paper is an attempt to explain differences in economic performance between a subset of OECD countries. We classify countries in terms of their degree of rigidity in the labor market, and use a matching model with labor/leisure choice, bargaining frictions, and labor income taxation to...

We develop a dynamic regulation model of quality provision where maintenance efforts and quality shocks have a durable impact. When the regulator contracts with a sequence of agents, asymmetric information can lead to overprovision of quality, reflecting a dynamic rent extraction effect. When...

While most of the literature on employment protection has focused on government-mandated severance pay, it has recently been documented that a substantial share of severance payments derives from private contracts or collective agreements. This paper studies the determination of these payments....

In this paper, we study the role of habit formation in accounting for the joint behavior of the real interest rate and consumption growth following a monetary policy shock. A VAR estimation on US data shows that following a contractionary monetary policy shock, the real interest rate exhibits a...

We investigate the design of incentives for public good quality provision in a dynamic regulation setting in which maintenance efforts and quality shocks have durable effects. When the regulator contracts with a sequence of agents, asymmetries of information can lead to over-provision of...