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Sarah Ann Wheeler, Céline Nauges, and Quentin R. Grafton
vol. 47, n. 2, May 2025, revised June 10, 2026, pp. 487–514
The allocation of water across space and time is a key challenge of water governance, with demand and supply often not well matched over time and place. Best practice water pricing and markets may promote water conservation, yet their application is limited. We highlight the governance principles...
Daniel L. Chen, and Susan Yeh
vol. 128, n. 103155, May 2025, revised June 10, 2026
Does obscenity law affect moral values and does it matter? Using random judge assignment and all U.S. obscenity precedents since 1958, we report four key findings. Democratic judges, more than Republicans, tended to vote progressively in obscenity cases. Such progressive rulings liberalized sexual...
Elena Panova, and Thibault Laurent
May 2025
This paper examines how the structure of communication networks influences learning and social welfare when participants have different prior opinions and face uncertainty about an external state. We analyze a game in which players form links to exchange opinions on the state and reduce their...
Jad Beyhum, Elia Lapenta, and Pascal Lavergne
vol. 28, n. 2, May 2025, p. 176–197
We extend nonparametric regression smoothing splines to a context where there is endogeneity and instrumental variables are available. Unlike popular existing estimators, the resulting estimator is one-step and relies on a unique regularization parameter. We derive rates of the convergence for the...
David Bardey, and Philippe De Donder
Toronto, vol. 58, n. 2, May 2025, pp. 443–483
Personalized medicine is still in its infancy, with costly genetic tests providing little actionable information in terms of efficient prevention decisions. As a consequence, few people undertake these tests currently, and health insurance contracts pool all agents irrespective of their genetic...
Mayako Fujihara, Akiyuki Suzuki, Worata Klinsawat, Wanlop Chutipong, Cécile Sarabian, Marie Sigaud, Vanessa Gris, and Miho Inoue-Murayama
vol. 7, n. 4 (e70010), April 2025
The international trade of the Asian small-clawed otter (Aonyx cinereus) for commercial purposes is prohibited by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) Appendix I. However, otter smuggling is still rampant, and Japan is among the important...
David Le Bris, William Goetzmann, and Sébastien Pouget
April 2025, pp. 1–26
The origin of the modern joint-stock company is typically traced to the concomitant appearance of large-scale maritime trading companies in England and the Netherlands in the early seventeenth century. Highlighting medieval cases in southern Europe, we claim that the joint-stock company emerged...
Zaineb Smida, Thibault Laurent, and Lionel Cucala
vol. 66, n. 100888, April 2025
A scan method for functional data indexed in space has been developed. The scan statistic is derived from the Hotelling test statistic for functional data, extending the univariate and multivariate Gaussian spatial scan statistics. This method consistently outperforms existing techniques in...
Sylvie Borau
vol. 198, n. 1, April 2025, pp. 1–19
The use of female AI agents, such as vocal assistants, chatbots and robots, is on the rise, but the indiscriminate feminization of these AI agents poses novel ethical concerns about their impact on gender relations in society. This conceptual article argues that AI agents, even virtual ones, can...
Frédéric Boissay, Fabrice Collard, Cristina Manea, and Alan Shapiro
vol. 21, n. 2, April 2025, pp. 147–220
This paper explores the state-dependent effects of a monetary tightening on financial stress, focusing on a novel dimension: whether inflation is driven by supply versus demand factors at the time of the policy intervention. These underlying factors likely affect the economy’s financial resilience...
