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Jean-Pierre Amigues, and Michel Moreaux

vol. 97, September 2019, pp. 92–115

We study the transition to a carbon-free economy in a model with a polluting non-renewable resource and a clean renewable resource. Transforming primary energy into ready-to-use energy services is costly and more efficient energy transformation rates are more costly to achieve. Renewable energy...

Fabien Gensbittel

vol. 9, n. 3, September 2019, pp. 671–699

We study a two-player zero-sum stochastic differential game with asymmetric information where the payoff depends on a controlled continuous-time Markov chain X with finite state space which is only observed by player 1. This model was already studied in Cardaliaguet et al (Math Oper Res 41(1):49–71...

Alberto Grillo

vol. 59, September 2019, pp. 252–265

Andrea Attar, Eloisa Campioni, and Gwenaël Piaser

vol. 183, September 2019, pp. 258–283

We study games in which principals simultaneously post mechanisms in the presence of several agents. We evaluate the role of principals' communication in these settings. As in Myerson (1982), each principal may generate incomplete information among agents by sending them private signals. We show...

Tim Bollerslev, Nour Meddahi, and Serge Nyawa

vol. 212, n. 1, September 2019, pp. 116–136

Francesca Barigozzi, Helmuth Cremer, and Kerstin Roeder

vol. 118, September 2019, pp. 37–50

The tax regimes applied to couples in many countries including the US, France, and Germany imply either a marriage penalty or a marriage bonus. We study how they affect the decision to get married by considering two potential spouses who play a marriage proposal game. At the end of the game they...

Emmanuelle Auriol, and Josepa Miquel-Florensa

vol. 14, n. 3, September 2019, pp. 453–477

We present a model with two donors-principals that provide funds to a unique recipient-agent. Each donor decides how to allocate his aid funds between a pooled and a donor specific unilateral project. Both principals and the agent value the output produced with the principals' pooled and two...

Vincent Réquillart, Xavier Irz, J. Jensen, Pascal Leroy, and Louis-Georges Soler

vol. 99, September 2019, pp. 169–177

We investigate ex-ante the effects of promoting simple climate-friendly diet recommendations in Denmark, Finland and France, with the objective of identifying cost-beneficial recommendations that lower greenhouse gas emissions and improve public health. The simulation approach combines a...

Francesca De Petrillo, and Alexandra Rosati

vol. 40, n. 5, September 2019, pp. 436–446

Humans can use an intuitive sense of statistics to make predictions about uncertain future events, a cognitive skill that underpins logical and mathematical reasoning. Recent research shows that some of these abilities for statistical inferences can emerge in preverbal infants and non-human...

Daniel F. Garrett

vol. 77, n. 3, September 2019, pp. 375–382

Some sellers display high "regular" prices, but mark down these prices the vast majority of the time, advertising the good as "on sale" or "discounted". This note suggests a framework for understanding the practice, emphasizing the role of buyer uncertainty about their future valuations for the...