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Marijn Keijzer, and Rense Corten

vol. 35, n. 1, 2023, pp. 34–60

Online peer-to-peer markets decentralize the distribution of resources, creating a trust problem in economic exchange on the internet. Individual characteristics of trustees—as determinants for being trusted—are therefore increasingly important. In light of this societal development, this study...

Claude Crampes, and Nils-Henrik Von Der Fehr

vol. 44, n. 4, 2023, pp. 147–169

Reaping the full benefits from cross-border interconnection typically requires reinforcement of national networks. When the relevant parts of the networks are complements, a lack of coordination between national transmission system operators typically results in investment below optimal levels in...

Estelle Medous, Camelia Goga, Anne Ruiz-Gazen, Jean-François Beaumont, Alain Dessertaine, and Pauline Puech

vol. 17, n. 1, 2023, pp. 838–859

In social and economic surveys, it can be difficult to directly reach units of the target population, and indirect sampling is often advocated to solve this issue. In indirect sampling, the sample is drawn from a frame population that is linked to the target population, and estimation of tar-get...

Bruno Jullien, Markus Reisinger, and Patrick Rey

vol. 69, n. 3, 2023, pp. 1687–1702

The availability of consumer data is inducing a growing number of firms to adopt more personalized pricing policies. This affects both the performance of, and the competition between alternative distribution channels, which in turn has implications for firms’ distribution strategies. We develop a...

Claude Crampes, and Thomas-Olivier Léautier

vol. 74, n. 1, 2023, pp. 51–80

To encourage building renovations and the replacement of old energy-consuming equipment, some governments have introduced a system of white certificates requiring large producers and distributors of natural gas, electricity and fuel to prove that they have financed energy-saving operations. The...

Frédéric Cherbonnier, and Christian Gollier

vol. 15, November 2023, pp. 147–164

Most Western countries use a single discount rate to evaluate public investments and policies. This ignores the differential cost of risk, in a world where most risk markets exhibit surprisingly large prices of risk. The current discounting guidelines generate a misallocation of capital that...

César Hidalgo

vol. 52, n. 9, November 2023

In recent years economic complexity has grown into an active field of fundamental and applied research. Yet, despite important advances, the policy implications of economic complexity can remain unclear or misunderstood. Here I organize the policy implications of economic complexity in a framework...

Levin Brinkmann, Fabian Baumann, Maxime Derex, Jean-François Bonnefon, Thomas F. Müller, Anne-Marie Nussberger, Agnieszka Czaplicka, Alberto Acerbi, Thomas L. Griffiths, Joseph Henrich, Joel Z. Leibo, Richard McElreath, Pierre-Yves Oudeyer, Jonathan Stray, and Iyad Rahwan

vol. 7, November 2023, p. 1855–1868

The ability of humans to create and disseminate culture is often credited as the single most important factor of our success as a species. In this Perspective, we explore the notion of ‘machine culture’, culture mediated or generated by machines. We argue that intelligent machines simultaneously...

Martin Boyer, Philippe De Donder, Claude Fluet, Pierre-Carl Michaud, and Marie-Louise Leroux

vol. 152, n. 4, November 2023, pp. 185–201

This article studies the some of the reasons underlying the under-provision of LTC insurance in Québec and Ontario. Using 2016 survey data, we demonstrate that misperception biases regarding demographic risks (of mortality and of dependency) cannot alone explain the low demand for this insurance...

Olivier Faugeras, and Esmaeil Shirazi

November 2023

A new wavelet-based estimator of the conditional density is investigated. The estimator is constructed by combining a special ratio technique and applying a non negative estimator to the density function in the denominator. We used a wavelet shrinkage technique to find an adaptive estimator for...