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Quang Le Van, Manh-Hung Nguyen, and Thanh-Viet Nguyen

vol. 28, n. 5, July 2019, pp. 675–687

Facing the challenge of environmental degradation in Vietnam, a growing number of firms have begun to integrate environmental management systems into their business strategies and develop green product diversification strategies. On the basis of the stakeholder theory, this paper attempts to...

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Sylvain Chabé-Ferret, Philippe Le Coent, Arnaud Reynaud, Julie Subervie, and Daniel Lepercq

vol. 46, n. 3, July 2019, pp. 393–416

We test whether social comparison nudges can promote water-saving behaviour among farmers as a complement to traditional CAP measures. We conducted a randomised controlled trial among 200 farmers equipped with irrigation smart meters in South-West France. Treated farmers received weekly information...

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Céline Nauges, and Dale Whittington

vol. 5, n. 3, July 2019, p. 1850026

Social norms comparisons are tools that are being used more and more often by energy and water utilities all over the world in order to induce households to conserve resources. Such conservation programs are appealing to utilities since they are an easy-to-implement alternative to raising prices...

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Stéphane Straub, Margaret Leighton, and Priscila Souza

vol. 39, n. 1, June 2019, pp. 1–33

This paper evaluates the effect of relaxing promotion criteria in early primary school on grade delay in later years. Exploiting variation in primary school repetition policies across Brazilian municipalities, we find that social promotion in junior primary years reduces grade delay, and that some...

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James K. Hammitt, Fangli Geng, Xiaoqi Guo, and Chris P. Nielsen

vol. 58, n. 2, June 2019, pp. 167–186

We estimate the marginal rate of substitution of income for reduction in current annual mortality risk (the “value per statistical life” or VSL) using stated-preference surveys administered to independent samples of the general population of Chengdu China in 2005 and 2016. We evaluate the quality...

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Andrea Attar, Catherine Casamatta, Arnold Chassagnon, and Jean-Paul Décamps

vol. 51, n. 4, June 2019, pp. 977–990

We study a capital market in which multiple lenders sequentially attempt at financing a single borrower under moral hazard. We show that restricting lenders to post take-it-or-leave-it offers involves a severe loss of generality: none of the equilibrium outcomes arising in this scenario survives if...

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Emmanuelle Auriol

vol. 61, n. 2, June 2019

Economists study markets and their operation with the aim of finding rules that are robust to opportunistic and deviant behaviours. For them, institutions, legal rules and contracts should be designed to incite, even force, individuals to behave responsibly. Whether one considers the work of the...

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Claude Crampes, and Jérôme Renault

vol. 81, June 2019, pp. 465–478

The development of non-dispatchable renewable sources of energy requires more flexible reliable thermal equipment to match residual demand. We analyze the advantages of delaying production decisions to benefit from more precise information on states of the world, at the expense of higher production...

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Andrew Rhodes, and Jidong Zhou

vol. 65, n. 6, June 2019, pp. 2607–2623

A puzzling feature of many retail markets is the coexistence of large multiproduct firms and smaller firms with narrow product ranges. This paper provides a possible explanation for this puzzle, by studying how consumer search frictions influence the structure of retail markets. In our model single...

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Jean-François Bonnefon, and Sylvie Borau

June 2019, pp. 45–63

Recent research suggests that women react to idealized female models in advertising as they would react to real-life sexual rivals. Across four studies, we investigate the negative consequences of this imaginary competition on consumers’ mate-guarding jealousy, indirect aggression, and drive for...

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