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Klaus Nordhausen, and Anne Ruiz-Gazen
vol. 188, n. 104844, March 2022
Scatter matrices generalize the covariance matrix and are useful in many multivariate data analysis methods, including well-known principal component analysis (PCA), which is based on the diagonalization of the covariance matrix. The simultaneous diagonalization of two or more scatter matrices goes...
Rey Dang, Michel Simioni, Lubica Hikkerova, and Jean-Michel Sahut
n. 181, February 2022
This study re-examines the relationship between women on corporate boards (WOCB) and corporate social performance (CSP) for a sample of companies from the Fortune 1000 ranking over the period 2004 to 2018 (ranked from 501 to 1000). To take into account the complex and non-linear relationship as...
Georges Casamatta, Sauveur Giannoni, Daniel Brunstein, and Johan Jouve
vol. 88, n. 104433, February 2022
The literature on short-term rental emphasises the heterogeneity of the hosts population. Some argue that professional and opportunistic hosts differ in terms of their pricing strategy. This study highlights how differences in market perception and information create a price differential between...
Marie Lalanne, and Paul Seabright
February 2022, pp. 1–20
We investigate the impact of professional networks on men's and women's earnings, using a dataset of European and North American executives. The size of an individual's network of influential former colleagues has a large positive association with remuneration, with an elasticity of around 21%....
Gilles Lafforgue, and Etienne Lorang
vol. 67, n. 101278, February 2022
This paper investigates the recycling opportunities of an industrial sector constrained by resource, climate, and waste capacities. To do this, we model the full lifecycle of a good to consider the waste and greenhouse gas (GHG) emissions coming from both its production — from virgin or recycled...
Nicolas Pistolesi
vol. 11, n. 1, February 2022
Felix Bierbrauer, Aleh Tsyvinski, and Nicolas Werquin
vol. 112, n. 2, February 2022, pp. 689–719
We develop a model of political competition with endogenous turnout andendogenous platforms. Parties trade o incentivizing their supporters to voteand discouraging the supporters of the competing party from voting. We showthat the latter objective is particularly pronounced for a party with an edge...
Jan Stuckatz
vol. 116, n. 1, February 2022, pp. 54 – 69
How important is the workplace for employees’ political donations? Contrary to research on workplace political mobilization, existing work assumes that most individual donors contribute ideologically. I link donations of employees and Political Action Committees (PACs) from 12,737 U.S. public...
François Salanié, and Vera Zaporozhets
vol. 24, n. 1, February 2022, pp. 140–158
We analyze the problem of allocating irrigation water among heterogeneous farmers when water supply is stochastic. If farmers are risk-neutral, a spot market for water is efficient; while the oft-used uniform rationing system is inefficient, both ex ante and ex post. Indeed, we show that it leads...
Matteo Bobba, Luca Flabbi, and Santiago Levy
vol. 63, n. 1, February 2022, pp. 211–259
We develop a search and matching model where matches (jobs) can be formal or informal. Workers choose their level of schooling and search for an employee job either as unemployed or as self-employed. Firms post vacancies in each schooling market, decide the formality status of the job, and bargain...