infonet-economy

The recent events since the onset of the subprime crisis in 2007 have put forward the central role of the financial market in developed economies and its close linkages with other markets, such as the sovereign one. The extreme (co)variations in the financial market are difficult to explain by the value of the fundamentals, and factors like investor sentiment, liquidity and...

In his presidential address, Zingales (2015) observes that large parts of society perceive finance as a rent-seeking activity and that complex financial regulation is prone to arbitrage and capture. In my dissertation, I investigate whether there is some truth in these allegations. In Chapter 1, I estimate the extent of regulatory arbitrage by banks in the securitization market. In...

Why do people live where they live and what are the consequences of these decisions? People and firms allocate themselves unevenly across space. In spite of large costs incurred when living in metropolitan areas, economic agents remain extremely concentrated in a finite number of cities. This thesis explores several factors that may influence these location decisions and their effect...

This dissertation focuses on the measurement of regional home care policy and its effects on health care utilization. It brings three main contributions. First, it provides causal evidence on the effects of home care policy generosity on hospitalizations, doctor visits, and nursing home use. Variations in generosity across the Swiss cantons and over time are used to identify the...

This article presents a theoretical framework that combines virtues and strengths of the Capability Approach (CA) and Equality of Opportunity (EOp) approach for analyzing public policies that aim to improve individual wellbeing and social justice. We show that neither approach is sufficient on its own for this goal. It is particularly useful to combine the two approaches because the...

La migration est la dimension négligée de la mondialisation, assure Tobias Müller. Le professeur d’économie à l’Université de Genève plaide pour des mesures actives d’insertion.

Two of the main shocks that affect international trade are price and tariff changes. The present thesis covers these two topics. The first chapter shows that the transmission of international agricultural prices to local producers is asymmetric, with downward price movements being transmitted more strongly than upward price movements. This seems to be due to the market power that...

Cette thèse de doctorat est composée de trois chapitres. La principale contribution consiste à présenter deux cadres théoriques, paramétrique et non-paramétrique, pour faire des comparaisons et évaluations des concepts théoriques non-observables utilisés dans différents contextes tels que le bien-être, le développement, la santé et l'inégalité entre autres.Le premier chapitre...