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Cristina Gualdani, and Shruti Sinha

vol. 131, n. 5, May 2023

We study partial identification of the preference parameters in the one-to-one matching model with perfectly transferable utilities. We do so without imposing parametric distributional as-sumptions on the unobserved heterogeneity and with data on one large market. We provide a tractable...

Koen Jochmans

vol. 38, n. 3, May 2023, pp. 321–333

Identification of peer effects is complicated by the fact that the individuals under study may self-select their peers. Random assignment to peer groups has proven useful to sidestep such a concern. In the absence of a formal randomization mechanism it needs to be argued that assignment is `as good...

Sean Ennis, Marc Ivaldi, and Vicente Lagos

vol. 66, n. 2, May 2023

This paper examines the impact of most favored nation (MFN) clauses on retail prices, taking advantage of two natural experiments that changed vertical contracting between hotels and major digital platforms. The broad E.U. intervention narrowed the breadth of “price parity” obligations between...

Ingela Alger, Laura Juarez, Miriam Juarez-Torres, and Josepa Miquel-Florensa

vol. 37, n. 2, May 2023, p. 205–220

This study presents evidence from a lab-in-the-field experiment, conducted in eight small, rural villages in Mexico, in which subjects choose to exert real effort to fund real health centers in their own and other localities. The results show that women are more willing than men to exert effort to...

Michele Bisceglia

vol. 71, n. 1, April 2023, pp. 1–46

Consider a three-tier industry with a monopolist supplying a manufacturer which sells its product to final consumers through two retailers. Contracts are linear and secret. Hence, upon receiving an out-of-equilibrium offer, each retailer must form a belief about the identity of the deviating...

Stefan Lamp

vol. 84, April 2023, p. 1179–1219

This paper tests for the presence of behavioral biases in household decisions to adopt solar photovoltaic installations using exogenous variation in weather. I find that residential technology uptake responds to exceptional weather, defined as deviations from the long-term mean, in line with the...

Viktor Stojkoski, Philipp Koch, and César Hidalgo

vol. 4, n. 130, April 2023

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key information on innovative activities. To bridge this gap, we...

Anne Briand, Arnaud Reynaud, Franck Viroleau, Vasileios Markantonis, and Giuliana Branciforti

vol. 28, April 2023, p. 259–272

We develop a dynamic computable general equilibrium (CGE) model to assess the macroeconomic impacts of water scarcity and water (in)security in South Africa. The CGE model which includes a detailed representation of water resources (surface water, groundwater, wastewater, and seawater) has been...

Laurent Miclo

vol. 27, April 2023, pp. 515 – 557

The random mapping construction of strong stationary times is applied here to finite Heisenberg random walks over ℤM, for odd M ⩾ 3. When they correspond to 3 × 3 matrices, the strong stationary times are of order M6, estimate which can be improved to M4 if we are only interested in the convergence...

Daniel F. Garrett, George Georgiadis, Alex Smolin, and Balazs Szentes

vol. 209, n. 105621, April 2023

This paper considers a moral hazard model with agent limited liability. Prior to interacting with the principal, the agent designs the production technology, which is a specification of his cost of generating each output distribution. After observing the production technology, the principal offers...