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James K. Hammitt, B.R Murray, A. Kratka, K.A. Scherr, N. Eyal, J. Blumenthal-Barby, K. Freedberg, D.R. Kuritzkes, R. Edifor, M.N. Katz, K. Pollak, B.J. Zikmund-Fisher, S.D Halpern, M.C. Barks, and P.A. Ubel

n. 5, April 2019, pp. 109–115

People living with HIV (PLWHIV) can reasonably expect near-normal longevity, yet many express a willingness to assume significant risks to be cured. We surveyed 200 PLWHIV who were stable on antiretroviral therapy (ART) to quantify associations between the benefits they anticipate from a cure and...

Astrid Hopfensitz, Cesar Mantilla, and Josepa Miquel-Florensa

vol. 72, n. 4, April 2019, pp. 1121–1153, 33 pages

We design and conduct a laboratory experiment with students and a field experiment with fishermen to test how catch uncertainty and reward schemes affect extraction in an open access fishery. We find that uncertainty in the relationship between effort and catch increases extraction effort and...

Gary Biglaiser, Emilio Calvano, and Jacques Crémer

vol. 28, n. 1, April 2019, pp. 41–48

Markets with network effects are typically concentrated. The aim of this paper is to discuss some recent work on “incumbency advantage.” That is, the fact that firms already installed generate higher profits than entrants even if the latter offer identical or even better terms (in terms of price...

Machiel Mulder, and Bert Willems

vol. 127, April 2019, pp. 228–239

This paper examines market structure, regulation, and market performance of the Dutch electricity retail market for households since its opening in 2004. Using data containing monthly prices for all products offered in the Dutch retail electricity markets over the period 2008–2014, we provide...

Carlos Heitor Campania, and René Garcia

April 2019

We study the asset allocation and consumption decisions of an investor with recursive utility and a finite investment horizon. We provide an approximate analytical solution under a stochastic investment opportunity set. The solution becomes exact when the elasticity of intertemporal substitution is...

David Bardey, and Daniel Mejía

vol. 19, n. 2, April 2019, pp. 1–19

This article tackles the feature of optimal public policy such as the level of enforcement and the supply of public goods in an economy characterized by a huge informal sector. We consider informality as the group of productive activities which,before hand, do not comply (totally or partially) with...

Thibault Laurent, Michel Le Breton, Dominique Lepelley, and Olivier de Mouzon

vol. 179, n. 1, April 2019, pp. 51–95

The main purpose of this paper is to explore the consequences of the formation of either a Regional Popular Vote Interstate compact or a National Popular Vote Interstate compact on the functioning of the Electoral College. The two versions of interstate Compact which are considered here differ in...

Tim Lee, and Ananth Seshadri

vol. 127, n. 2, April 2019, pp. 855–921

We present a model in which human capital investments occur over the life-cycle and across generations, à la Becker and Tomes (1986), also featuring incomplete markets and government transfer programs. The human capital technology features multiple stages of investment during childhood, a college...

Philippe Bontems

vol. 19, n. 2, April 2019

This paper examines theoretically whether by combining both output based refunding and abatement expenditures based refunding it is possible to limit the negative consequences that a pollution tax imply for a polluting industry. We show that this is indeed the case by using a three-part policy...

Manon Costa, Sébastien Gadat, Pauline Gonnord, and Laurent Risser

vol. 31, n. 2, April 2019, pp. 506–547

In this paper, we consider a statistical estimation problem known as atomic deconvolution. Introduced in reliability, this model has a direct application when considering biological data produced by flow cytometers. From a statistical point of view, we aim at inferring the percentage of cells...