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Stéphane Straub, and Julia Bird
vol. 127, March 2020
This paper studies the impact of the rapid expansion of the Brazilian road network, which occurred from the 1960s to the 2000s, on the growth and spatial allocation of population and economic activity across the country's municipalities. It addresses the problem of endogeneity in infrastructure...
Edmond Awad, Sohan Dsouza, Richard Kim, Jonathan Schulz, Joseph Henrich, Azim Shariff, Jean-François Bonnefon, and Iyad Rahwan
vol. 579, n. E3-E5, March 2020
Cécile Aubert, and Arnaud Reynaud
vol. 45, n. 1, March 2020, pp. 36–74
We conducted an artefactual field experiment in Vietnam to investigate whether and how experiencing a natural disaster affects individual attitudes toward risks. Using experimental and real household data, we show that households in villages affected by a flood in recent years exhibit more risk...
Céline Nauges, and Jean-Paul Chavas
vol. 42, n. 1, March 2020, pp. 42–53
Adoption of agricultural innovations has been an important factor affecting the welfare of farmers, the productivity of agriculture and the economics of the food sector. This paper reviews the literature on technology adoption in agriculture with a focus on the role of uncertainty and learning. It...
Hanna Halaburda, Bruno Jullien, and Yaron Yehezkel
vol. 51, March 2020, pp. 3–31
We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the market in the previous period becomes “focal” in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. Yet...
Edmond Awad, Sohan Dsouza, Jean-François Bonnefon, Azim Shariff, and Iyad Rahwan
vol. 63, n. 3, March 2020, pp. 48–55
Céline Bonnet, and Jan Philip Schain
vol. 16, n. 1, March 2020, pp. 1–35
In this article, we extend the literature on merger simulation models by incorporating its potential synergy gains into structural econometric analysis. We present a three-step integrated approach. We estimate a structural demand and supply model, as in Bonnet and Dubois (2010). This model allows...
Koen Jochmans, and Vincenzo Verardi
vol. 20, March 2020, pp. 149–161
Jorge Peña, Georg Nöldeke, and Oscar Puebla
vol. 195, n. 3, March 2020, pp. 524–533
Egg trading—whereby simultaneous hermaphrodites exchange each other’s eggs for fertilization—constitutes one of the few rigorously documented and most widely cited examples of direct reciprocity among unrelated individuals. Yet how egg trading may initially invade a population of nontrading...
Jean-Pierre Florens, Léopold Simar, and Ingrid Van Keilegom
vol. 115, n. 529, March 2020, pp. 425–451