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Author: Francois Ortalo-Magne

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CEP discussion paper
Technological Innovations Slumps and Booms

This paper documents the delayed adoption of a major technological innovation: the adoption of the diesel locomotive in the US railway industry. Contrary to other instances of major technological innovations, the delay i...Read more...

Leonardo Felli and Francois Ortalo-Magne

July 1998

CEP discussion paper
Measuring the Effects of Credit Market Imperfections: A US Farmland Application

Agricultural credit market imperfections affect the dynamics of the farming sector, farmers' debt leverage, entry and exit. The question is to what extent these effects translate into amplified land price fluctuations. ...Read more...

Francois Ortalo-Magne

March 1996