Since Akerlof’s theory of lemons, economists have viewed quality uncertainty as an informational advantage for sellers. Drawing on frontier techniques, we propose in this paper a simple method for measuring inefficiency of both sellers and buyers in markets for goods with different levels of...

Suivant les recommandations de l'OMS pour la lutte contre le tabagisme, les autorités françaises ont décidé la mise en œuvre de l'apposition de 14 « photos chocs » sur les paquets de cigarette, à partir de 2011. Ce travail s'intéresse à l'efficacité d'une telle mesure. A cette fin,...

In this paper, we study the smoking behavior of students aged from 18 to 25 using four cross-section data sets collected in France from 1997 to 2006. We focus on the role played by student income and parental resources. We find that both the probability of smoking and the number of cigarettes...

In this paper, we study the smoking behavior of students aged from 18 to 25 using four cross-section data sets collected in France from 1997 to 2006. We focus on the role played by student income and parental resources. We find that both the probability of smoking and the number of cigarettes...