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Christian Gollier

Fayard, June 2022

Les générations futures vont subir un changement climatique dont l’intensité dépendra des sacrifices auxquels nous consentirons pour affronter nos responsabilités. Il est encore temps d’agir. Néanmoins, devant la myriade d’actions possibles, quelles sont celles qu’il faudrait rationnellement mettre...

Bence Bago, Marton Kovacs, John Protzko, and Tamas Nagy

vol. 6, June 2022, p. 880–895

The study of moral judgements often centres on moral dilemmas in which options consistent with deontological perspectives (that is, emphasizing rules, individual rights and duties) are in conflict with options consistent with utilitarian judgements (that is, following the greater good based on...

Patrick Fève, Alban Moura, and Olivier Pierrard

vol. 139, n. 104404, June 2022

We argue that shocks to traditional and shadow banks were important drivers of the U.S. economy during the Great Recession and the Slow Recovery. This result follows from a DSGE model featuring a heterogeneous banking sector estimated from macroeconomic and financial observables. Our model...

Franziska Funke, Linus Mattauch, Inge van den Bijgaart, Charles Godfray, Cameron Hepburn, David Klenert, Marco Springmann, and Nicolas Treich

vol. 16, n. 2, June 2022, pp. 219–240

Livestock is known to contribute significantly to climate change and to negatively impact global nitrogen cycles and biodiversity. However, there has been little research on economically efficient policies for regulating meat production and consumption. In the absence of first-best policy...

M. Fabian, Jean-Baptiste Hiriart-Urruty, and Edouard Pauwels

vol. 30, May 2022, p. 1443–1451

Takuro Yamashita, and Fumitoshi Moriya

vol. 112, May 2022, pp. 444–451

Organizations may suffer from unforeseen negative shocks, potentially leading to severe bottlenecks. This paper studies an optimal incentive scheme robust to those shocks in the effort induction problem in team production. The optimal scheme under the no-shock assumption is typically vulnerable in...

Daniel L. Chen, and Martin Schonger

vol. 8, n. 19, May 2022

Recent advances in economic theory, largely motivated by experimental findings, have led to the adoption of models of human behavior where decision-makers take into consideration not only their own payoff but also others’ payoffs and any potential consequences of these payoffs. Investigations of...

Sheina Lew-Levy, Rachel Reckin, Adam H. Boyette, Ilaria Pretelli, Stephen M. Kissler, Alyssa Crittenden, Renée V. Hagen, Randall Haas, Karen Kramer, Matthew J. O'Brien, Jeremy Koster, Koji Sonoda, Todd A. Surovell, Jonathan Stieglitz, Bram Tucker, Noa Lavi, Kate Ellis-Davies, and Helen Davis

vol. 12, n. 8054, May 2022

A key issue distinguishing prominent evolutionary models of human life history is whether prolonged childhood evolved to facilitate learning in a skill- and strength-intensive foraging niche requiring high levels of cooperation. Considering the diversity of environments humans inhabit, children’s...

Bernard Bercu, Jérémie Bigot, Sébastien Gadat, and Emilia Siviero

May 2022

We introduce a new second order stochastic algorithm to estimate the entropically regularized optimal transport cost between two probability measures. The source measure can be arbitrary chosen, either absolutely continuous or discrete, while the target measure is assumed to be discrete. To solve...

Isis Durrmeyer

vol. 132, n. 644, May 2022, p. 1414–1448

I quantify the welfare and environmental gains and losses from a policy establishing an environmental tax/subsidy for new cars in France in 2008. I estimate a structural model of demand and supply that features heterogeneity in consumer preferences to go beyond the average policy effects and...