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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...
Benjamin Ouvrard, Jens Abildtrup, Göran Bosted, and Anne Stenger
n. 164, October 2019
The use of biomass, in particular wood, has increased this last decade as a result of the European Union's objectives to reduce the use of fossil energies. This has amplified the use of whole-tree harvesting and the exploitation of forest residues from traditional timber harvest. However, these...
Stéphane Straub
Mark Roberts, Frederico Gil Sander, and Sailesh Tiwari (eds.), chapter 6, October 2019
Xavier D'Haultfoeuille, Isis Durrmeyer, and Philippe Février
vol. 86, n. 5, October 2019, pp. 1973–1998
In markets where sellers are able to price discriminate, individuals pay different prices that may be unobserved by the econometrician. This paper considers the structural estimation of a demand and supply model à la Berry et al. (1995) with such price discrimination and limited information on...
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...
Arnaud Pocheville, Sabine Noebel, Guillaume Isabel, and Etienne Danchin
vol. 366, n. 6462, October 11, 2019
Thornquist and Crickmore claim that systematic experimental error may explain the results of Danchin and colleagues. Their claim rests on mistakes in their analyses, for which we provide corrections. We reassert that conformity in fruitflies predicts long-lasting mate-preference traditions.
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...
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...
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...
Alberto Grillo
vol. 59, September 2019, pp. 252–265
