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Soubeyran

Publications

Financement de la croissance avec information asymétrique et investissement aléatoireJournal articleDidier Laussel, Jules Nyssen and Antoine Soubeyran, Revue Économique, Volume 46, Issue 2, pp. 237-253, 1995

[fre] Financement de la croissance avec information asymétrique et investissement aléatoire. . À l'aide d'un modèle de croissance endogène avec asymétrie d'information et intermédiation financière, nous montrons qu'il peut exister une multiplicité d'équilibres avec anticipations rationnelles et prévision parfaite. Ce résultat est dû à une relation inverse entre le taux de croissance et la main-d'œuvre disponible, en contraste avec les prédictions traditionnelles de la théorie de la croissance endogène. De plus, nous montrons que le montant de collatéral prélevé par les ban­ques stimule la croissance.

[eng] We construct a model of endogenous grouth under asymmetric information and financial intermediation. We show that under rational expectations and perfect foresight, the model may exhibit multiple equilibria. This result is related to an inverse relationship between the labor endowment and the growth rate that denies the usual prediction of endogenous growth literature. Furthermore, we show that the amount of collateral exacted by the banking sector is growth promoting.
Concurrence, entreprises publiques et coopérativesJournal articleAntoine Soubeyran, Annals of Economics and Statistics, Issue 33, pp. 1-5,7-10, 1994

No abstract is available for this item.
Equilibrium Tariff Schedules in Commercial Policy Games under UncertaintyJournal articleDidier Laussel and Antoine Soubeyran, Review of International Economics, Volume 1, Issue 3, pp. 243-52, 1993

A partial two country equilibrium model is built in which two different exogenous random shocks may occur. The governments simultaneously choose tariff functions relating their specific tariff to the level of an observable variable (volume of trade or international price). In the case of a "volume of trade shock," the Nash equilibria of this game are more protectionist the larger the possible trade swings and autarky is always an equilibrium outcome. In the case of a "terms of trade shock," constant tariffs, at their Nash equilibrium in specific tariff levels are the only sensible equilibrium outcome. Copyright 1993 by Blackwell Publishing Ltd.
Ruling out Multiple Equilibrium Paths in Monetary Optimizing Models: Necessary and Sufficient ConditionsBook chapterDidier Laussel and Antoine Soubeyran, In: Monetary Theory and Policy, Didier Laussel, William Marois and Antoine Soubeyran (Eds.), 1988, pp. 73-92, Springer Berlin Heidelberg, 1988
Ruling out Multiple Equilibrium Paths in Monetary Optimizing Models: Necessary and Sufficient ConditionsBook chapterDidier Laussel and Antoine Soubeyran, In: Monetary Theory and Policy, Didier Laussel, William Marois and Antoine Soubeyran (Eds.), 1988, pp. 73-92, Springer Berlin Heidelberg, 1988
Le retour optimal à la solvabilité d'une économie endettéeJournal articleDidier Laussel and Antoine Soubeyran, Revue Économique, Volume 38, Issue 1, pp. 55-74, 1987

[eng] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate. [fre] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate.