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Elisabetta Iossa, Patrick Rey, and Michael Waterson
vol. 20, n. 2, April 2022, p. 822–868
The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring incumbents) benefit from a cost advantage. The paper first compares the outcome of staggered and synchronous tenders, before drawing the implications for market design. We find that the...
Anders Bondemark, Henrik Andersson, and Karin Brundell-Freij
vol. 157, March 2022, pp. 160–184
In this paper, we present a study of Swedish inhabitants' preferences for distribution in three dimensions in the context of transport investments. Using choice experiments, we study the respondents' preferences for the distribution of benefits in the geographical, gender, and income dimension in...
Jérôme Bolte, Tam Le, Edouard Pauwels, and Antonio Silveti-Falls
March 2022
In view of training increasingly complex learning architectures, we establish a nonsmooth implicit function theorem with an operational calculus. Our result applies to most practical problems (i.e., definable problems) provided that a nonsmooth form of the classical invertibility condition is...
Marijn Keijzer
Marijn Keijzer, and Michael Mas
vol. 5, n. 1, March 2022, pp. 1–28
There is public and scholarly debate about the effects of personalized recommender systems implemented in online social networks, online markets, and search engines. Some have warned that personalization algorithms reduce the diversity of information diets which confirms users’ previously held...
Nicolas Treich
As is customary in economics, the Dasgupta Review on the economics of biodiversity adopts an anthropocentric approach: that is, among the millions of species on Earth, the Review accords a moral value to only one species; ours. Building on the literature in ethics, I explain why it is morally...
Marcel Boyer
vol. 48, n. 1, March 2022, pp. 1–10
In the assessment of the cost of public funds, there is a pervasive economic fallacy, which is frequently repeated by officials in both the private and public sectors as well as in academia: since the cost of borrowing is higher for a private sector firm than it is for a public sector firm, the...
Ingela Alger, and Jean-François Laslier
vol. 34, n. 2, March 2022
This paper revisits two classical problems in the theory of voting—viz. the divided majority problem and the strategic revelation of information—in the light of evolutionarily founded partial Kantian morality. It is shown that, compared to electorates consisting of purely self-interested voters,...
Koen Jochmans
vol. 212, n. 110318, March 2022
This note looks at the properties of instrumental-variable estimators of models for non-negative outcomes in the presence of individual effects. We show that fixed-effect versions of the estimators of Mullahy (1997) and Windmeijer and Santos Silva (1997) are inconsistent under conventional...
Catherine Cazals, Thierry Magnac, Frank Rodriguez, Jonathan Pope, and Soterios Soteri
Pier Luigi Parcu, Timothy J. Brennan, and Victor Glass (eds.), Springer Nature Switzerland AG, March 2022
