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Laurent Miclo, and Stéphane Villeneuve
vol. 58, n. 4, 2021, pp. 1043–1063
We revisit the forward algorithm, developed by Irle, to characterize both the value function and the stopping set for a large class of optimal stopping problems on continuous-time Markov chains. Our objective is to renew interest in this constructive method by showing its usefulness in solving some...
Claude Crampes, and Thomas-Olivier Léautier
n. 1-2021: “Law & Economics | Concurrences”, 2021, pp. 66–74
Tradable certificates are a good tool to promote economic activities when they increase the social surplus. White certificates are counterproductive, because although they encourage activities aimed at reducing energy consumption, these activities are ‘credence goods', i.e. goods whose real quality...
Christian Helmers, Yassine Lefouili, Brian Love, and Luke McDonagh
vol. 23, n. 1, 2021, pp. 56–99
We study the effect of fee shifting rules on litigation. First, we build a model to study the theoretical effect of a change in cost-recovery rules on case filings, (post-filing) settlement, win rates, and plaintiffs' average litigation expenditures. We then undertake an empirical analysis of the...
Koléhè Coulibaly-Pasquier, and Laurent Miclo
n. 171, 2021, 110 pages
On a manifold, consider an elliptic diffusion X admitting an invariant measure μ. The goal of this paper is to introduce and investigate the first properties of stochastic domain evolutions (Dt)t∈[0,τ] which are intertwining dual processes for X (where τ is an appropriate positive stopping time...
Matthieu Bouvard, and Adolfo de Motta
vol. 142, n. 3, 2021, pp. 1229–1252
This paper studies an economy where demand spillovers make firms’ production decisions strategic complements. Firms choose their operating leverage trading off higher fixed costs for lower variable costs. Operating leverage governs firms’ exposures to an aggregate labor productivity shock. In...
Thi-Huong-An Nguyen, Christine Thomas-Agnan, Thibault Laurent, and Anne Ruiz-Gazen
vol. 16, n. 2, 2021, pp. 161–175
In an election, the vote shares by party for a given subdivision of a territory form a compositional vector (positive components adding up to 1). Conventional multiple linear regression models are not adapted to explain this composition due to the constraint on the sum of the components and the...
Fanny Lafouresse, Romain Jugele, Sabina Müller, Marine Doineau, Valérie Duplan-Eche, Eric Espinosa, Marie-Pierre Puissegur, Sébastien Gadat, and Salvatore Valitutti
2021
Cytotoxic immune cells are endowed with a high degree of heterogeneity in their lytic function, but how this heterogeneity is generated is still an open question. We therefore investigated if human CD8+ T cells could segregate their lytic components during telophase, using imaging flow cytometry,...
A. Djogbenou, Christian Gouriéroux, and Joann Jasiak
n. nbaa047, 2021
Y. De Castro, Sébastien Gadat, Clément Marteau, and Cathy Maugis
vol. 49, n. 3, 2021, pp. 1779–1809
This paper investigates the statistical estimation of a discrete mixing measure µ0 involved in a kernel mixture model. Using some recent advances in `1-regularization over the space of measures, we introduce a “data fitting and regularization” convex program for estimating µ0 in a grid-less manner...
Immanuel Bomze, Werner Schachinger, and Jörgen W. Weibull
vol. 71, 2021, pp. 305–315
Some finite and symmetric two-player games have no (pure or mixed) symmetric Nash equilibrium when played by partly morally motivated players. The reason is that the "right thing to do" may be not to randomize. We analyze this issue both under complete information between equally moral players and...
