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Marcel Boyer
Ysolde Gendreau (ed.), Thémis, March 2019
Christian Gollier
vol. 94, March 2019, pp. 54–66
Hélène Bourguignon, Renato Gomes, and Jean Tirole
vol. 63, March 2019, pp. 99–144
The proliferation of new payment methods on the Internet rekindles the old and unsettled debate about merchants’ incentive and ability to differentiate price according to payment choice. This paper develops an imperfect-information framework for the analysis of platform and social regulation of...
Francesca De Petrillo, Martina Caroli, Emanuele Gori, Antonia Micucci, Serena Gastaldi, Sacha Bourgeois-Gironde, and Elsa Addessi
vol. 22, n. 2, March 2019, pp. 169–186
Money is a cultural artefact with a central role in human society. Here, we investigated whether some features of money may be traced back to the exchange habits of nonhuman animals, capitalizing on their ability to flexibly use tokens in dif-ferent domains. In Experiment 1, we evaluated whether...
René Garcia, and Nour Meddahi
n. 133, March 2019, pp. 199–210
Tiziana Assenza, and D. Delli Gatti
vol. 29, n. 1, March 2019, pp. 265–297
Employing the methodology described in Assenza and Delli Gatti 2013 (AD2013 hereafter), in the present paper we build a macro multi-agent model described by a IS schedule, a Taylor Rule (TR) and a Phillips curve (AS curve). At the micro level we consider a corporate sector populated by...
Ulrich Hege, and Pierre Mella-Barral
vol. 40, March 2019, pp. 77–119
This paper examines two prominent approaches to design efficient mechanisms for debt renegotiation with dispersed bondholders: debt exchange offers that promise enhanced liquidation rights to a restricted number of tendering bondholders (favored under U.S. law), and collective action clauses that...
Michael Albertus, and Victor Gay
vol. 31, n. 1, March 2019, pp. 71–96
This paper explores pathways that underlie the diffusion of women’s participation in the labor force across generations. I leverage a severe exogenous shock to the sex ratio, World War I in France, which generated an upward shift in female labor force participation after the war. This shock to...
Henrik Andersson, Arne Risa Hole, and Mikael Svensson
March 2019
Many public policies and individual actions have consequences for population health. To understand whether a (costly) policy undertaken to improve population health is a wise use of resources, analysts can use economic evaluation methods to assess the costs and benefits. To do this, it is necessary...
Rodrigo Montes, Wilfried Sand-Zantman, and Tommaso M. Valletti
vol. 65, n. 3, March 2019, pp. 955–1453
This paper investigates the effects of price discrimination on prices, profits and consumer surplus, when one or more competing firms can use consumers' private information to price discriminate and consumers can pay a privacy cost to avoid it. While a monopolist always benefits from higher privacy...
