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Elia Lapenta, and Pascal Lavergne
vol. 41, n. 3, June 2025, pp. 709–738
We set up a formal framework to characterize encompassing of nonparametric models through the distance. We contrast it to previous literature on the comparison of nonparametric regression models. We then develop testing procedures for the encompassing hypothesis that are fully nonparametric. Our...
Michele Bisceglia, and Salvatore Piccolo
vol. 56, n. 2, June 2025, pp. 216–230
We study a two-period industry where firms are run by agents privately informed about their (persistent) costs, and principals can only use spot contracts. We characterize novel semi-separating equilibria where principals randomize in one or both periods. These equilibria have the following...
Farid Gasmi, Laura Recuero Virto, and Denis Couvet
vol. 40, n. 1-2, June 2025, pp. 1–45
This paper analyzes the determinants of economic growth in coastal countries and discusses their potential consequences on mangrove blue carbon (BC). We use a Bayesian averaging of classical estimates technique to fit models reflecting alternative theories to 1960–2009 data on 23 specific coastal...
Marion Hoffman, Christoph Stadtfeld, and Timon Elmer
vol. 88, n. 2, June 2025, p. 249–270
Dyadic isolation is the tendency of some individuals to be involved in pairwise interactions rather than in larger group interactions. This article investigates the interpersonal processes associated with the dyadic isolation of individuals with depressive symptoms. We hypothesize that such...
Marianne Andries, Milo Bianchi, Karen Huynh, and Sébastien Pouget
vol. 38, n. 6, June 2025, p. 1687–1729
In an investment experiment, we show variations in information affect belief and decision behaviors within the information-beliefs-decisions chain. Subjects observe the time series of a risky asset and a signal that, in random rounds, helps predict returns. When they perceive the signal as useless...
Catherine Bobtcheff, Raphaël Lévy, and Thomas Mariotti
vol. 56, n. 2, June 2025, pp. 145–162
Firms receiving independent signals on a common-value risky project compete to be the first to invest. When firms are symmetric and competition is winner-take-all, rents are fully dissipated in equilibrium and the extent to which signals are publicly disclosed is irrelevant for welfare. When...
Céline Bonnet, Zohra Bouamra-Mechemache, and Hugo Molina
vol. 56, n. 2, June 2025, pp. 194–215
We develop a bilateral oligopoly framework with manufacturer-retailer bargaining to analyze the impact of retail mergers on market outcomes. We show that the surplus division between manufacturers and retailers depends on three bargaining forces and can be interpreted in terms of an “equilibrium of...
Daniel L. Chen, Yosh Halberstam, and Alan Yu
vol. 2, n. 1, May 2025, pp. 2–32
The growing emphasis on “fit” as a hiring criterion introduces the potential for a new, subtle form of discrimination (Bertrand & Duflo, 2017). Analysis of 1,901 U.S. Supreme Court oral arguments from 1998 to 2012 documents that voice-based snap judgments predict court outcomes. Male...
Marion Hoffman, Tyler Thrash, Christoph Hölscher, Mubbasir Kapadia, and Victor R. Schinazi
vol. 15, n. 19086, May 2025
Understanding crowd behavior is critical for designing buildings and public spaces with efficient circulation. However, the interplay of social and spatial contexts makes this endeavor challenging. This paper examines scenarios in which crowds perform a search task with time constraints, akin to...
Maxime Derex, and Charlotte Brand
Limor Raviv, and Cedric Boeckx (eds.), Oxford University Press, chapter 14, May 2025, p. 241–258
Most cultural traits, including language itself, do not emerge in one shot but are improved and refined over time through individual and social learning, over multiple generations. In this chapter, we explore methods used in the field of cultural evolution to investigate how behaviours and...
