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Lisa A. Robinson, William Raich, James K. Hammitt, and L. O’Keeffe
vol. 10, n. 2, July 2019, pp. 156–177
In benefit-cost analysis, fatality risk reductions are usually valued based on estimates of adults’ willingness to pay for changes in their own risks, regardless of whether the risk reduction accrues to adults or children. This approach reflects the relatively large number of valuation studies that...
Matheus Bueno, and Marica Valente
vol. 96, July 2019, pp. 274–285
To internalize pollution externalities into household waste generation, Unit Pricing Systems (UPS) have been adopted worldwide. This paper evaluates the causal effects of a UPS on the disposal of municipal solid waste in Trento, Italy. Using a unique panel dataset of monthly waste generation in...
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...
Martin Boyer, Philippe De Donder, Claude Fluet, Marie-Louise Leroux, and Pierre-Carl Michaud
vol. 45, n. 2, June 2019, pp. 262–282
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...
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...
Laurent Miclo, and Pierre Patie
vol. 2, June 2019, pp. 59–98
By providing instances of approximation of linear diffusions by birth-death processes, Feller [Fel50] has offered an original path from the discrete world to the continuous one. In this paper, by identifying an intertwining relationship between squared Bessel processes and some linear birth-death...
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...
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...
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...
