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Doh-Shin Jeon, Domenico Menicucci, and Nikrooz Nasr

vol. 15, n. 1, February 2023, pp. 30–73

We study mix-and-match compatibility choices of firms selling complementary products in a dynamic setting. Contrary to what happens in a static setting where symmetric firms choose compatibility (Matutes and Regibeau 1988), when switching costs are high and firms make price discrimination based on...

Stefan Lamp, and Mario Samano

vol. 10, n. 1, January 2023

Policies to incentivize the adoption of renewable energy sources usually offer little flexibility to adapt to heterogeneous benefits across locations. We evaluate the geographical misallocation of solar photovoltaic installations and their relation with the uniform nature of subsidies. We estimate...

Andrea Attar, Eloisa Campioni, and Gwenaël Piaser

vol. 222, n. 110932, January 2023

We study competing-mechanism games, in which multiple principals contract with multiple agents. We reconsider the issue of non-existence of an equilibrium as first raised by Myerson (1982). In the context of his example, we establish the existence of a perfect Bayesian equilibrium. We clarify that...

David Le Bris, and Victor Gay

vol. 18, n. 1, January 2023

Psychological traits display substantial variation worldwide. These psychological variations could be explained by the intensity of kinship ties which, we hypothesize, depends on the reception of innovations that gradually complexified family organizations. These innovations originated from several...

Matthias Efing, Harald Hau, Patrick kampkötter, and Jean-Charles Rochet

vol. 36, n. 1, January 2023, pp. 235–280

We argue that risk sharing motivates the bankwide structure of bonus pay. In the presence of financial frictions that make external financing costly, the optimal contract between shareholders and employees involves some degree of risk sharing whereby bonus pay partially absorbs negative earnings...

Marc Ivaldi, Ambre Nicolle, Frank Verboven, and Jiekai Zhang

vol. 48, January 2023, pp. 43–94

Do new digital consumption channels of music depress sales in old physical ones, or are they complementary? To answer this question, we exploit product-level variation in sales and prices of over 4 million products, observed weekly between 2014 and 2017 for the entire French market. A unique...

Marion Hoffman, Per Block, and Tom Snijders

vol. 53, n. 1, January 2023

Despite the central role of self-assembled groups in animal and human societies, statistical tools to explain their composition are limited. The authors introduce a statistical framework for cross-sectional observations of groups with exclusive membership to illuminate the social and organizational...

Bruno Conte, Lavinia Piemontese, and Augustin Tapsoba

vol. 87, n. 102712, January 2023

This paper investigates the consequences of the 2004 locust plague in Mali. We argue that in agricultural economies with a single harvest per year, this type of shock can affect households through two channels: first, a speculative/anticipatory effect that kicks in during the growing season,...

Gabriel Ulyssea, Matteo Bobba, and Lucie Gadenne

vol. 6, n. 1, January 2023

Most low- and middle-income countries are characterised by a large informal sector, which implies that a substantial fraction of economic activity in these countries is completely unregulated. This has important implications for the behaviour of firms, workers, families, and consumers, with these...

Edmond Seabright, Sarah Alami, Thomas S. Kraft, Helen Davis, Ann E. Caldwell, Paul L. Hooper, Lisa McAllister, Sarah Mulville, Christopher Von Rueden, Benjamin C. Trumble, Jonathan Stieglitz, Michael Gurven, and Hillard Kaplan

vol. 378, n. 1868, January 2023

While it is commonly thought that patrilocality is associated with worse outcomes for women and their children due to lower social support, few studies have examined whether the structure of female social networks covaries with post-marital residence. Here, we analyse scan sample data collected...