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Zhijun Chen, and Patrick Rey

vol. 50, n. 3, 2019, pp. 645–665

Cross-subsidization arises naturally when firms with different comparative ad- vantages compete for consumers with diverse shopping patterns. Firms then face a form of co-opetition, being substitutes for one-stop shoppers and complements for multi-stop shoppers. Competition for one-stop shoppers...

Thierry Magnac, Frédérique Fève, Leticia Veruete-McKay, and Soterios Soteri

Victor Glass, Timothy J. Brennan, and Pier Luigi Parcu (eds.), 2019

Vasileios Markantonis, Arnaud Reynaud, Armağan Karabulut, Rana El Hajj, Dogan Altinbilek, Ibrahim M. Awad, Adriana Bruggeman, Vangelis Constantianos, Jaroslav Mysiak, Nicola Lamaddalena, Mohamed Salah Matoussi, Henrique Monteiro, Alberto Pistocchi, Ugo Pretato, Naser Tahboub, Ismail Kaan Tunçok, Olcay Ünver, Remco Van Ek, Bárbara Willaarts, Sönmez Bülent, Turan Zakir, and Giovanni Bidoglio

n. 7, 2019, p. 84

Water resources is a crucial environmental good for the function of the human societies and the ecosystems. Moreover, water is an important input for the economy and an indispensable factor for economic growth. Especially in regions that are facing water scarcity, the adoption of water management...

Ingela Alger, and Donald Cox

November 2019, 32 pages

David Austen-Smith, Wioletta Dziuda, Bård Harstad, and Antoine Loeper

vol. 14, n. 4, November 2019, p. 1483–1534

Why do rational politicians choose ine¢ cient policy instruments? Environmental regulation for example, often takes the form of technology standards and quotas even when cost-effective Pigou taxes are available. To shed light on this puzzle, we present a stochastic game with multiple legislative...

Jean-François Bonnefon, Fatimah Ishowo-Oloko, Zakariyah Soroye, Jacob W. Crandall, Iyad Rahwan, and Tahal Rahwan

vol. 1, November 2019, pp. 517–521

Recent advances in artificial intelligence and deep learning have made it possible for bots to pass as humans, as is the case with the recent Google Duplex—an automated voice assistant capable of generating realistic speech that can fool humans into thinking they are talking to another human. Such...

Stefan Ambec, and Claude Crampes

vol. 6, n. 6, November 2019, pp. 919–948

We examine policy instruments that aim to decarbonize electricity production by replacing fossil fuel energy with intermittent renewable sources, namely, wind and solar power. We consider a model of investment, production, and storage with two sources of energy: one is clean but intermittent (wind...

Luke Glowacki, Samuel Mehr, Manvir Singh, Dean Knox, Daniel Ketter, Daniel Pickens-Jones, S. Atwood, Christopher Lucas, Nori Jacoby, Alena Egner, Erin Hopkins, Rhea Howard, Joshua Hartshorne, Mariela Jennings, Jan Simson, Constance Bainbridge, Steven Pinker, Timothy O'Donnell, and Max Krasnow

vol. 366, n. 6468, November 2019

Paul Beaudry, Patrick Fève, Alain Guay, and Franck Portier

vol. 34, October 2019, pp. 221–243

In SVARs, identification of structural shocks can be subject to nonfundamentalness, as the econometrician may have an information set smaller than the economic agents’ one. How serious is that problem from a quantitative point of view? In this paper we propose a simple diagnostic for the...

Francesc Dilmé, and Daniel F. Garrett

vol. 17, n. 5, October 2019, pp. 1654–1686

Successes of law enforcement in apprehending offenders are often publicized events. Such events have been found to result in temporary reductions in of- fending, or “residual deterrence”. We provide a theory of residual deterrence which accounts for the incentives of both enforcement officials and...