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Augustin Landier

August 13, 2014

Frédéric Cherbonnier

August 11, 2014

Yinghua He, Ulf Nielsson, Hong Guo, and Jiong Yang

vol. 44, July 2014, pp. 189–206

The paper empirically explores how more trade transparency affects market liquidity. The analysis takes advantage of a unique setting in which the Shanghai Stock Exchange offered more trade transparency to market participants subscribing to a new software package. First, the results show that the...

Renato Gomes, and Kane Sweeney

vol. 86, July 2014, pp. 421–437

We develop a Bayes–Nash analysis of the generalized second-price (GSP) auction, the multi-unit auction used by search engines to sell sponsored advertising positions. Our main result characterizes the efficient Bayes–Nash equilibrium of the GSP and provides a necessary and sufficient condition that...

Rachel Croson, and Nicolas Treich

vol. 58, n. 3, July 2014, pp. 335–351

Environmental issues provide a rich ground for identifying the existence and consequences of human limitations. In this paper, we present a growing literature lying at the interface between behavioral and environmental economics. This literature identifies alternative solutions to traditional...

Jérôme Renault

vol. 1, n. 3, July 2014, pp. 471–484

Fabien Gensbittel, Miquel Oliu-Barton, and Xavier Venel

vol. 1, n. 3, July 2014, pp. 411–445

Marc Ivaldi

July 30, 2014

Jacques Delpla

July 30, 2014

July 18, 2014