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En 2008, 46,3 millions d'Américains étaient non assurés dont près de 1 enfant sur 10 et 1 travailleur sur 5. Pourtant, les salariés doivent être couverts par une assurance santé dans le cadre de leur entreprise tandis que les personnes de plus de 60 ans, les populations les plus démunies...

This paper surveys the rise and fall of the European mercantilist system, and the transition to the modern, well-integrated international economy of the 19th century. It also surveys the literature on the links between trade and economic growth during the period, and on the economic effects of...

Using data on the geographic distribution of names in France, we investigate the social transmission of parental preferences. Drawing on recent work on nonmarket interactions, we develop a linear discrete choice model that relates choices made in one location to those made in nearby areas. We...

We propose a multivariate extension of Yaari's dual theory of choice under risk. We show that a decision maker with a preference relation on multidimensional prospects that preserves ¯rst order stochastic dominance and satis¯es comonotonic in-dependence behaves as if evaluating prospects with...

This paper investigates the relation between export behaviour and the exchange rate at firm level. We use a dataset of French manufacturing firms from 1994 to 2004, to study the sensitivity of firms' export intensity and probability of entering a foreign market, to the exchange rate. This large...

In this paper,we construct a nonparametric estimator of the distributions of latent factors in linear independent multi-factor models under the assumption that factor loadings are known. Our approach allows to estimate the distributions of up to L(L+1)/2 factors given L measurements. The...

This paper examines whether and how viewers respond to changes in partisan bias in media news. We use data from Italy, where the main private television network is owned by Silvio Berlusconi, the leader of the centerright coalition, and the public television corporation is largely controlled by...

This Paper examines how aversion to risk and aversion to intertemporal substitution determines the strength of the precautionary saving motive in a two-period model with Kreps-Porteus preferences. For small risks, we derive a measure of the strength of the precautionary saving motive, which...

Building a model with three imperfect markets - goods, labor and credit - representing a product’s life-cyle, we find that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The calibrated model leads to a significant reduction in the...