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Marion Desquilbet, Elise Maigné, and Sylvette Monier-Dilhan
vol. 150, August 2018, pp. 194–203
In terms of sustainability, the effects of the development of organic farming are subject to debate, particularly regarding the methods used to compare organic and conventional food systems and the consequences of the conventionalization of organic farming. We propose an empirical study centered on...
Yinghua He, Antonio Miralles, Marek Pycia, and Jianye Yan
vol. 10, n. 3, August 2018, pp. 272–314
We propose a pseudo-market mechanism for no-monetary-transfer allocation of indivisible objects based on priorities such as those in school choice. Agents are given token money, face priority-specific prices, and buy utility-maximizing random assignments. The mechanism is asymptotically incentive...
Philippe Bontems, and Estelle Gozlan
August 2018
Jean Tirole, and Guillaume Plantin
vol. 108, n. 8, August 2018, pp. 2246–2276
Laura Grigolon, Mathias Reynaert, and Frank Verboven
vol. 10, n. 3, August 2018, pp. 193–225
To what extent do car buyers undervalue future fuel costs, and what does this imply for tax policy? To address both questions, we show it is crucial to account for consumer mileage heterogeneity. We use product-level data for a panel of European countries and exploit fuel cost variation by engine....
Dirk Bergemann, and Johannes Hörner
vol. 10, n. 3, August 2018, pp. 177–218
Arnaud Reynaud, Manh-Hung Nguyen, and Cécile Aubert
vol. 20, n. 3, July 2018, pp. 593–617
Vietnam is one of the countries most affected by floods. Despite high exposure to this risk and repeated calls from international organizations, the penetration rate of flood insurance remains surprisingly low in Vietnam. We investigate if there is a demand for flood insurance by Vietnamese...
Jean Tirole, and Emmanuel Farhi
vol. 85, n. 3, July 2018, pp. 1781–1823
Tim Lee, and Ananth Seshadri
vol. 128, n. 612, July 2018, pp. 114–151
We employ equality of opportunity (EOP) definitions that have appeared in the philosophical literature on distributive justice to a quantitative economic model that incorporates human capital investment and luck, within and across generations. The model is calibrated to the U.S. in 1990, and we...
Gladys Barragan, Cristina Atance, Leia Kopp, and Astrid Hopfensitz
vol. 171, July 2018, pp. 14–30
Patience, or the ability to tolerate delay, is typically studied using delay of gratification (DoG) tasks. However, among other factors (e.g., type of reward), the use of a reward to test patience is affected by an individual’s motivation to obtain the reward (e.g., degree of preference for the...
