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Nicolas Treich
December 4, 2014
Jacques Delpla
David Bardey, and Philippe De Donder
vol. 30, n. 3, November 2014, pp. 41–43
Since this special issue of medecine/sciences is devoted to personalized medicine, it seems unnecessary for two economists to summarize or discuss, from a medical perspective, recent advances in genetic research. We rather focus on the consequences of improved genetic testing on the health...
Rabah Amir, David Encaoua, and Yassine Lefouili
vol. 88, November 2014, pp. 320–338
This paper investigates the choice of a licensing mechanism by the holder of a patent whose validity is uncertain. We provide sufficient conditions of a general nature under which the licensor prefers to use a per-unit royalty contract. In particular we show that this is the case for the holders of...
Thomas Chaney
vol. 104, n. 11, November 2014, pp. 3600–3634
Motivated by empirical evidence I uncover on the dynamics of French firms exports, I offer a novel theory of trade frictions. Firms only export into markets where they have a contact. They directly search for new trading partners, but also use their exist- ing network of contacts to remotely search...
David Salant
MIT Press, November 2014, 184 pages
Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and comprehensive rules....
Jean-François Bonnefon, Antimo Buonocore, Stefania De Vito, and Sergio Della Sala
vol. 15, n. 4, November 2014, pp. 543–549
Christian Gollier
vol. 57, n. 3, November 2014, pp. 555–576
We examine the characteristics of the optimal insurance contract under linear transaction cost and an ambiguous distribution of losses. Under the standard expected utility model, we know from Arrow (1965) that it contains a straight deductible. In this paper, we assume that the policyholder is...
Thomas-Olivier Léautier, and Jean-Charles Rochet
vol. 37, November 2014, pp. 153–169
This article examines how firms facing volatile input prices and holding some degree of market power in their product market link their risk management and their production or pricing strategies. This issue is relevant in many industries ranging from manufacturing to energy retailing, where firms...
Claude Crampes, and Thomas-Olivier Léautier
November 28, 2014
