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Ingela Alger, and Jörgen W. Weibull

vol. 8, 2017

Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some light on this complex and non-trivial issue by examining a few canonical strategic interactions played by egoists, altruists and moralists. By altruists, we mean people who do not...

James K. Hammitt

vol. 8, n. 2, 2017, pp. 215–225

Lika Ba, Farid Gasmi, and Paul Noumba Um

vol. 42, n. 3, 2017, pp. 17–40

Sangmin Aum, Tim Lee, and Yongseok Shin

2017

The U.S. labor market contracted sharply during the Great Recession. The ensuing recovery has been sluggish and by some measures still incomplete. In this paper, we break down aggregate employment during the Recession and the recovery into changes across industries and occupations. There is a clear...

Caio Almeida, and René Garcia

vol. 63, n. 10, 2017, pp. 3361–3380

Based on a family of discrepancy functions, we derive nonparametric stochastic discount factor bounds that naturally generalize variance, entropy, and higher-moment bounds. These bounds are especially useful to identify how parameters affect pricing kernel dispersion in asset pricing models. In...

Jean-Paul Décamps, and Stéphane Villeneuve

n. 126, 2017, pp. 231–240

Under the combined effects of a decline in rates and the political desire to help finance the economy within a regulatory environment that is restrictive for banks, since 2012 the law has authorized insurance companies, under certain conditions, to allocate up to 5% of their clients’ savings to the...

Hans Gersbach, and Jean-Charles Rochet

vol. 90, 2017, pp. 113–124

Credit cycle stabilization can be a rationale for imposing counter-cyclical capital requirements on banks. The model comprises two productive sectors: in one sector, firms can finance investments through a bond market. In the other, firms rely on bank credit. Financial frictions limit banks’...

Maxime Cauchoix, Alexis Chaine, E. Hermer, and J. Morrand-Ferron

vol. 7, n. 12945, 2017

Animal cognitive abilities have traditionally been studied in the lab, but studying cognition in nature could provide several benefits including reduced stress and reduced impact on life-history traits. However, it is not yet clear to what extent cognitive abilities can be properly measured in the...

Michel Le Breton, and Karine Van Der Straeten

vol. 127, 2017, pp. 637–736

L’objet de cet article est d’offrir une présentation synthétique des principaux travaux théoriques et empiriques portant sur la formation des coalitions électorales et gouvernementales et utilisant comme socle méthodologique la théorie des jeux coopératifs avec ou sans utilité transférable.

Adrien Blanchet, and Pierre Degond

vol. 169, n. 5, December 2017, pp. 929–950

We consider systems of agents interacting through topological interactions. These have been shown to play an important part in animal and human behavior. Precisely, the system consists of a finite number of particles characterized by their positions and velocities. At random times a randomly chosen...