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Jean-Pierre Amigues, Gilles Lafforgue, and Michel Moreaux
vol. 78, July 2016, pp. 23–37
Using a standard Hotelling model of resource exploitation, we determine the optimal consumption paths of three energy resources: dirty coal, which is depletable and carbon-emitting; clean coal, which is also depletable but carbon-free thanks to an abatement technology (CCS: Carbon Capture and...
Laurent Gobillon, and Thierry Magnac
vol. 98, n. 3, July 2016, pp. 535–551
In this paper, we investigate the use of interactive effect or linear factor models in regional policy evaluation. We contrast treatment effect estimates obtained using Bai (2009) with those obtained using difference in differences and synthetic controls (Abadie and coauthors). We show that...
Céline Nauges, Sarah Ann Wheeler, and Alec Zuo
vol. 60, n. 3, July 2016, pp. 442–458
Water trading in the Murray–Darling Basin of Australia has developed to the point where it is a common adaptation tool used by irrigators, making it an apt case study to elicit the marginal value of irrigation water and irrigators' risk preferences in two key industries with differing levels of...
Xavier D'Haultfoeuille, Isis Durrmeyer, and Philippe Février
vol. 47, July 2016, pp. 186–229
We analyze the evolution of CO2 emissions of new vehicles sold in France between 2003 and 2008. We investigate in particular the effect of two policies introduced during that time: the energy label requirement, which went into effect in the end of 2005, and a feebate based on CO2 emissions of new...
A.C. Cardoso, Bruna Grizzetti, C. Liquete, and Arnaud Reynaud
vol. 61, July 2016, pp. 194–203
Ecosystem service concepts can offer a valuable approach for linking human and nature, and arguments for the conservation and restoration of natural ecosystems. Despite an increasing interest in the topic, the application of these concepts for water resource management has been hampered by the lack...
Jean Tirole
vol. 84, n. 4, July 2016, pp. 1291–1343
In a number of interesting environments, dynamic screening involves positive selection: in contrast with Coasian dynamics, only the most motivated remain over time. The paper provides conditions under which the principal's commitment optimum is time consistent and uses this result to derive...
Ingela Alger, and Jörgen W. Weibull
vol. 98, July 2016, pp. 56–67
What kind of preferences should one expect evolution to favor? We propose a definition of evolutionary stability of preferences in interactions in groups of arbitrary finite size. Groups are formed under random matching that may be assortative. Individuals' preferences are their private information...
Gary Biglaiser, Jacques Crémer, and Gergely Dobos
vol. 47, July 2016, pp. 62–87
We consider a simple two period model where consumers have different switching costs. Before the market opens, there was an incumbent who sold to all consumers. We identify the equilibrium both with Stackelberg and Bertrand competition and show how the presence of low switching cost consumers...
Raouf Boucekkine, Fabien Prieur, and Klarizze Puzon
vol. 85, June 2016, pp. 188–207
We consider a resource-dependent economy initially ruled by the elite. The transition from the autocratic to a more democratic regime takes place only if the citizens decide to revolt against the elite. The occurrence of a revolution primarily depends on the autocratic regime vulnerability and the...
Xavier Irz, Pascal Leroy, Vincent Réquillart, and Louis-Georges Soler
vol. 11, n. 6, June 2016
Convenience, taste, and prices are the main determinants of food choices. Complying with dietary recommendations therefore imposes a “taste cost” on consumers, potentially hindering adoption of those recommendations. The study presents and applies a new methodology, based on economic theory, to...
