This paper solves a second-best problem where a government has in particular to choose whether to tax financial inflows (capital controls) or not, and when. A multi-stage optimal control technique is used to this end. First, it is shown that it is optimal to switch in finite time from capital...

A l'égard des théories de la justice, le droit et l'économie semblent évoluer de manière divergente : alors que la recherche de ce qui est " juste " n'appartient plus à l'argumentation du juriste, ni à la finalité du droit, l'économiste s'est réapproprié l'examen des questions de...

Par leur méthode d'approche de la justice sociale, Rawls, Hayek et Sen occupent chacun le sommet d'un triangle, où le " comparatisme " du dernier tient désormais à équidistance le " contractualisme " du premier et " l'évolutionnisme " du second (1). Lorsque la position du philosophe sert...

This paper discusses the problem of optimal design of a jurisdiction structure from the view point of a welfarist social planner when households with identical utility functions for non-rival public good and private consumption have private information about their contributive capacities. It...

We develop a reliable Bayesian inference for the RIF-regression model of Firpo, Fortin and Lemieux (Econometrica, 2009) in which we first estimate the log wage distribution by a mixture of normal densities. This approach is pursued so as to provide better estimates in the upper tail of the wage...

A common finding of the optimal unemployment insurance literature is that the optimal UI replacement rate is around 50%, implying that current levels in the US are close to optimal. However, a key assumption in the existing literature is that unemployment benefits are the only government...

In the US labor market the average black worker is exposed to a lower employment rate and earns a lower wage compared to his white counterpart. Lang and Lehmann (2012) argue that these mean differences mask substantial heterogeneity along the distribution of workers' skill. In particular, they...

This paper studies the consequences of debt policies on the spatial distribution of output in a two-country model. It departs from the usual set up of local public finance by relaxing the assumption of balanced budget. Further, to single out the pure effect of debt the paper eliminates effects...

Nous étudions la perception que certains acteurs du littoral marseillais ont de la gouvernance de la zone, ainsi que de leur logique d'action en mobilisant le cadre d'analyse néo institutionnaliste de l'IAD (Institution Analysis and Design). Pour cela, des entretiens semi directifs ont été...

We consider an OLG economy with two consumption goods. There are two sectors that produce a pure consumption good and a mixed good which can be either consumed or used as capital. We prove that the existence of Pareto optimal expectations-driven fluctuations is compatible with standard sectoral...