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Christine Webb, Alice Baniel, Guy Cowlishaw, and Elise Huchard

vol. 151, May 2019, pp. 145–155

Daniel Kenna, Ilaria Pretelli, Ana Ramos Rodrigues, Hazel Cooley, and Richard J. Gill

vol. 9, n. 10, May 2019, pp. 5637–5650

The emergence of agricultural land use change creates a number of challenges that insect pollinators, such as eusocial bees, must overcome. Resultant fragmentation and loss of suitable foraging habitats, combined with pesticide exposure, may increase demands on foraging, specifically the ability to...

Andrea Attar, Catherine Casamatta, Arnold Chassagnon, and Jean-Paul Décamps

vol. 11, n. 2, May 2019, pp. 98–130

We study capital markets subject to moral hazard when investors cannot prevent side trading, thereby facing an externality if firms raise funds from multiple sources. We analyze whether investors’ ability to design financial covenants that may include exclusivity clauses mitigates this externality...

Doh-Shin Jeon, and Domenico Menicucci

vol. 115, May 2019, pp. 265–288

We study how the formation of a buyer group affects buyer power when sellers compete and buyers operate in separate markets. Previous research (Inderst and Shaffer, 2007, and Dana, 2012) has considered a buyer group that can commit to an exclusive purchase and has found that the formation of a...

Andrea Attar, Thomas Mariotti, and François Salanié

vol. 7, n. 1, May 2019, pp. 37–57

We construct a complete space of smooth strictly convex preferences defined over commodities and monetary transfers. Our model extends the classical one in that preferences are strictly monotone in monetary transfers, but need not be monotone in all commodities. We thereby provide a natural...

Bruno Biais, Christophe Bisière, Matthieu Bouvard, and Catherine Casamatta

vol. 32, n. 5, May 2019, pp. 1662–1715

Blockchains are distributed ledgers, operated within peer-to-peer networks. We model the proof-of-work blockchain protocol as a stochastic game and analyze the equilibrium strategies of rational, strategic miners. Mining the longest chain is a Markov perfect equilibrium, without forking, in line...

Alejandrina Cristia, Emmanuel Dupoux, Michael Gurven, and Jonathan Stieglitz

vol. 90, n. 3, May 2019, pp. 759–773

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...

Pierre Pestieau, Justina Klimaviciute, and Jérôme Schoenmaeckers

vol. 44, n. 2, April 2019, pp. 216–230

This article studies long-term care (LTC) insurance in the presence of family altruism. We first explore whether family solidarity affects the application of Arrow’s (1963) deductible theorem, shown to apply in models without family in earlier work. We find that Arrow’s theorem generally holds, but...

Marie Juanchich, Miroslav Sirota, and Jean-François Bonnefon

vol. 32, n. 2, April 2019, pp. 179–193

We extend research on charity donations by exploring an everyday tactic for increasing compliance: asking politely. We consider three possible effects of politeness on charity donations: a positive effect, a negative effect, and a wiggle‐room effect where the perception of the request is adjusted...