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Michele Bisceglia, Jorge Padilla, Joe Perkins, and Salvatore Piccolo
vol. 72, n. 1, March 2024, pp. 516–547
In a framework where entrants must make sunk investment decisions with uncertain returns and have private demand information, we show that the relationship between innovation and exit value is non‐monotone and features an inverted U‐shaped pattern. Consumer surplus is maximised at the lowest exit...
Mengchen Dong, Jean-François Bonnefon, and Iyad Rahwan
vol. 131, March 2024
As algorithms powered by Artificial Intelligence (AI) are increasingly involved in the management of organizations, it becomes imperative to conduct human-centered AI management research and understand people's feelings and behaviors when machines gain power over humans. The two mainstream methods...
M. A. Drupp, M. C. Hänsel, E. P. Fenichel, Mark Freeman, Christian Gollier, Ben Groom, G. M. Heal, P. H. Howard, Antony Millner, F. C. Moore, F. Nesje, M. F. Quaas, Sjak Smulders, Thomas Sterner, Christian Traeger, and F. Venmans
vol. 383, n. 6687, March 2024, pp. 1062–1064
Christian Gollier
vol. 49, March 2024, pp. 59–74
An optimality condition for sustainability actions under discounted expected utility is that, ex post, we should almost surely regret having adjusted them too much for risk. In other words, ex post, one would almost surely feel regret for "excess" precautionary saving, excess insurance and hedging...
Abdelaati Daouia, Gilles Stupfler, and Antoine Usseglio-Carleve
vol. 34, n. 103, March 2024
A substantial body of work in the last 15 years has shown that expectiles constitute an excellent candidate for becoming a standard tool in probabilistic and statistical modeling. Surprisingly, the question of how expectiles may be efficiently calculated has been left largely untouched. We fill...
Lan Anh Nguyen, Manh-Hung Nguyen, Arnaud Reynaud, and Michel Simioni
vol. 161, n. 106038, March 2024
We provide an in-depth analysis of tourists’ and residents’ preferences for different coastal erosion management programs in Hoi An, a UNESCO World Heritage Site in Vietnam. Using a split-sample choice experiment, we assess how preferences of respondents vary across beach segments affected by...
Pierre Dubois, and Thierry Magnac
vol. 94, n. 102861, March 2024
We study intertemporal tradeoffs that health authorities face when considering the control of an epidemic using innovative curative medical treatments. We set up a dynamically controlled susceptible–infected–recovered (SIR) model for an epidemic in which patients can be asymptomatic, and we analyze...
Lydia Mechtenberg, Grischa Perino, Nicolas Treich, Jean-Robert Tyran, and Stephanie W. Wang
vol. 231, n. 105070, March 2024
This paper presents a two-wave survey experiment to examine the impact of self-image concerns on voting behavior. We elicit votes on a ballot initiative on animal welfare in Switzerland that spurred campaigns involving widely shared normative values. We send a message to voters about scientific...
Ayden Higgins, and Koen Jochmans
vol. 92, n. 2, March 2024, pp. 411–427
The maximum-likelihood estimator of nonlinear panel data models with fixed effects is asymptotically biased under rectangular-array asymptotics. The literature has devoted substantial effort to devising methods that correct for this bias as a means to salvage standard inferential procedures. The...
Camila Scaff, Marisa Casillas, Jonathan Stieglitz, and Alejandrina Cristia
vol. 29, n. 2, March 2024, pp. 196–215
There is little systematically collected quantitative empirical data on how much linguistic input children in small-scale societies encounter, with some estimates suggesting low levels of directed speech. We report on an ecologically-valid analysis of speech experienced over the course of a day by...
