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Frequency of trade and the determinacy of equilibrium in economies of overlap...
International audience -
Inégalités face à la mort et systèmes de retraite
In a model of overlapping generation with uncertain lifetime, we show that "pay-as-you-go" social security implies transfers of wealth from the low life expectancy... -
On sustainable Pay-As-you-Go contribution rules
An unfunded social security system faces the major risk, sometimes referred to as "political risk," that future generations do not agree to contribute as much as... -
The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in...
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides... -
External Constraints and Endogenous Growth: Why Didn't Some Countries Benefit...
Empirical evidence on the growth benefits of capital inflows is mixed. The growth benefits accruing from capital inflows also appear to be larger for high savings... -
Growth and Irreversible Pollution: Are Emission Permits a Means of Avoiding E...
International audience -
On the relation between gene flow theory and genetic gain
International audience -
Optimal mass selection policies for schemes with overlapping generations and ...
International audience -
Non-random mating for selection with restricted rates of inbreeding and overl...
International audience
