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Emmanuelle Auriol, and Steven G.M. Schilizzi
vol. 116, September 2015, pp. 105–121
This paper studies how signaling the credence attributes of consumer goods distorts their market equilibrium in developing countries. Costs of certification, sunk in order to achieve credibility, play a key role in producing an oligopolistic market, leading to high prices that form a barrier for...
Chiara Canta, and Pierre Dubois
vol. 15, n. 4, September 2015, pp. 1939–1973
We study spousal peer effects on smoking and their implication for the health of children. Smoking decisions are modeled as equilibrium strategies of an incomplete information game within the couple. Using French data, we identify two peer effects: a smoking enhancing effect of smoking partners and...
Claude Crampes, and Thomas-Olivier Léautier
September 26, 2015
Stefan Ambec, and Jessica Coria
September 24, 2015
September 10, 2015
James K. Hammitt, and Tuba Tuncel
vol. 51, n. 1, August 2015, pp. 79–101
We assess individuals’ preferences for time paths of reductions in mortality risk yielding a life-expectancy gain of about one month. In a survey of more than 1000 French residents, we find substantial coherence and heterogeneity. We elicit pairwise preferences between three perturbations of age-...
Jean-François Bonnefon, Wim De Neys, and Astrid Hopfensitz
vol. 19, n. 8, August 2015, pp. 421–422
Marco Bonomo, René Garcia, Nour Meddahi, and Roméo Tédongap
vol. 187, n. 2, August 2015, pp. 580–592
The relationship between conditional volatility and expected stock market returns, the so-called riskreturn trade-off, has been studied at high- and low-frequency. We propose an asset pricing model with generalized disappointment aversion preferences and short- and long-run volatility risks that...
André Blais, Jean-François Laslier, François Poinas, and Karine Van Der Straeten
vol. 164, n. 3, August 2015, pp. 423–442
This paper studies the determinants of citizens’ preferences for different electoral systems. We use data collected through a large internet-based quasi-experiment carried out during the 2012 French presidential election where we invited subjects to cast a vote for real candidates according to four...
