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Alexandre de Cornière, and Greg Taylor
2026, forthcoming
Cyberattacks are a pervasive threat in the digital economy, with the potential to harm firms and their customers. Larger firms constitute more valuable targets to hackers, thereby creating negative network effects. These can be mitigated by investments in security, which play both a deterrent and a...
Céline Giner, Céline Nauges, and Katherine Hassett
Philippe Bontems, Marie-Françoise Calmette, and David Martimort
vol. 45, n. 100447, 2026, forthcoming
Motivated by the forthcoming terminations of most highways concessions in France, we propose a versatile model of dynamic regulation and contract renewals that describes a long-term relationship between the public authority and an incumbent operator with private information about its costs that may...
