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According to standard economic models, adverse demand shocks will lead to bigger
employment losses if institutional factors like minimum wages and trade unions prevent real
wages from falling. Some economists have argued that this insight explains the contrast
between the…

This paper uses job applications data to test the existence of non-competitive, ex—ante rents in the labor market. We first examine whether
jobs that pay the legal minimum wage face an excessive supply of labor as
measured by the number…

 

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We correct two errors of omission in our paper, On Lévy processes conditioned to stay positive. Electron. J. Probab. 10, (2005), no. 28, 948--961. Math. Review 2006h:60079.

Recently, Bauke and Mertens conjectured that the local statistics of energies in random spin systems with discrete spin space should, in most circumstances, be the same as in the random energy model. We show that this conjecture holds true as…

We prove some asymptotic results for the radius and the profile of large random planar maps with faces of arbitrary degrees. Using a bijection due to Bouttier, Di Francesco & Guitter between rooted planar maps and certain four-type trees with…

We derive concentration inequalities for functions of the empirical measure of large random matrices with infinitely divisible entries, in particular, stable or heavy tails ones. We also give concentration results for some other functionals of these random matrices, such as…