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Joanna Morais, Christine Thomas-Agnan, and Michel Simioni
vol. 47, 2018, pp. 1–25
Regression models have been developed for the case where the dependent variable is a vector of shares. Some of them, from the marketing literature, are easy to interpret but they are quite simple and can only be complexified at the expense of a very large number of parameters to estimate. Other...
Dirk Bergemann, Alex Smolin, and Alessandro Bonatti
vol. 108, n. 1, 2018, pp. 1–48
A data buyer faces a decision problem under uncertainty. He can augment his initial private information with supplemental data from a data seller. His willingness to pay for supplemental data is determined by the quality of his initial private information. The data seller optimally offers a menu of...
Davy Paindaveine, and G. Van Bever
vol. 46, 2018, pp. 3276–3307
Chiara Margaria, and Alex Smolin
vol. 110, 2018, pp. 330–339
We study dynamic games in which senders with state-independent payoffs communicate to a single receiver. Senders’ private information evolves according to an aperiodic and irreducible Markov chain. We prove an analog of a folk theorem—that any feasible and individually rational payoff can be...
Christian Belzil, Michael Bognanno, and François Poinas
vol. 46, 2018, pp. 73–106
This chapter estimates a dynamic reduced-form model of intra-firm promotions using an employer–employee panel of over 300 of the largest corporations in the United States in the period from 1981 to 1988. The estimation conditions on unobserved individual heterogeneity and allows for both an...
Nina Hestermann, and Nicolas Pistolesi
vol. 211, 2018, pp. 177–193
This study assesses the impact of a French educational policy reform aimed at improving the match between students and their chosen field of study at university. As part of this reform, upon applying for entry to an undergraduate degree course, students are informed about their likelhood of...
Carole Haritchabalet
Xavier Bioy (ed.), 2018
Isis Durrmeyer, and Mario Samano
vol. 128, n. 616, December 2018, pp. 3076–3116
We compare the welfare effects in equilibrium of two environmental regulations that aim at increasing the new cars fleet’s average fuel efficiency: the fuel economy standards and the feebate policies. Maintaining the same environmental benefit and tax revenue, we simulate the implementation of each...
