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Vincenzo Carrieri, Leonardo Madio, and Francesco Principe
n. 102371, December 2020
Governments worldwide are increasingly concerned about the booming use of CBD (cannabidiol) products. However, we know little about the impact of their liberalization. We study a unique case of unintended liberalization of a CBD-based product (light cannabis) that occurred in Italy in 2017. Using...
Jérôme Renault, and Bruno Ziliotto
vol. 124, November 2020, pp. 122–139
We introduce the model of hidden stochastic games, which are stochastic games where players observe past actions and public signals on the current state. The natural state variable for these games is the common belief over the current state of the stochastic game. In this setup, we present an...
Christian Gollier
vol. 70, n. 4, November 2020, pp. 913–941
We assume that the ex-post utility of an agent facing a menu of lotteries depends upon the actual payoff together with its forgone best alternative, thereby allowing for the expost emotion of regret. An increase in the risk of regret is obtained when the actual payoff and its forgone best...
Thomas S. Kraft, Jonathan Stieglitz, Benjamin C. Trumble, Angela Garcia, Hillard Kaplan, and Michael Gurven
vol. 375, n. 1811, November 2020
Humans have the longest post-reproductive lifespans and lowest rates of actuarial ageing among primates. Understanding the links between slow actuarial ageing and physiological change is critical for improving the human ‘healthspan’. Physiological dysregulation may be a key feature of ageing in...
Jad Beyhum
vol. 24, November 2020, pp. 688–702
This paper considers the problem of inference in a linear regression model with outliers where the number of outliers can grow with sample size but their proportion goes to 0. We apply an estimator penalizing the `1-norm of a random vector which is non-zero for outliers. We derive rates of...
Arnaud Tognetti, Valérie Durand, Mélissa Barkat-Defradas, and Astrid Hopfensitz
vol. 111, n. 4, November 2020, pp. 823–839
The sound of the voice has several acoustic features that influence the perception of how cooperative the speaker is. It remains unknown, however, whether these acoustic features are associated with actual cooperative behaviour. This issue is crucial to disentangle whether inferences of traits from...
Francesca Barigozzi, Helmuth Cremer, and Kerstin Roeder
vol. 130, n. 103589, November 2020
We study long-term care (LTC) choices by families with mixed- or same-gender siblings. LTC can be provided either informally by children, or formally at home or in an institution. A social norm implies that daughters suffer a psychological cost when they provide less informal care than the average...
Jacques Crémer, and Gary Biglaiser
November 2020, pp. 1–43
Bruno Biais, and Augustin Landier
vol. 87, n. 6, November 2020, pp. 2542–2567
Pierre Dubois, Rachel Griffith, and Martin O'Connell
vol. 110, n. 11, November 2020, pp. 3661–3704
Soda taxes aim to reduce excessive sugar consumption. Policymakers highlight the young, particularly from poor backgrounds, and high sugar consumers as groups whose behavior they would most like to influence. There are also concerns about the policy being regressive. We assess who are most impacted...
