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Romain Espinosa, and Nicolas Treich
vol. 56, April 2021, p. 531–548
While antispeciesism is an ethical notion, veganism is behavioral. In this paper, we examine the links between the two. Building on Blackorby and Donaldson (1992), we consider a two-species model in which humans consume animals. The level of antispeciesism is conceived as the weight on animals'...
James K. Hammitt
vol. 12, n. 1, April 2021, pp. 64 – 84
Benefit–cost analysis (BCA) is often viewed as measuring the efficiency of a policy independent of the distribution of its consequences. The role of distributional effects on policy choice is disputed; either: (a) the policy that maximizes net benefits should be selected and distributional concerns...
Jean-François Daoust, Eric Bélanger, Ruth Dassonneville, Erick Lachapelle, Richard Nadeau, Michael Becher, Sylvain Brouard, Martial Foucault, Christoph Hönninge, and Daniel Stegmueller
vol. 16, n. 4, April 2021
Studies of citizens’ compliance with COVID-19 preventive measures routinely rely on survey data. While such data are essential, public health restrictions provide clear signals of what is socially desirable in this context, creating a potential source of response bias in self-reported measures of...
Sreemati Mitter
vol. 50, n. 2, April 2021, p. 138–143
In addition to selecting a “greatest hit” and a “hidden gem,” here, Sreemati Mitter provides readers with a broad overview of Journal of Palestine Studies (JPS) content on the topic of capitalism in Palestine. Mitter singles out Alexander Schölch’s classic, “The Economic Development of Palestine,...
David Martimort
vol. 177, n. 2, April 2021, pp. 95–108
Mauricio González-Forero, and Jorge Peña
vol. 288, n. 1949, April 2021
Eusociality, where largely unreproductive offspring help their mothers reproduce, is a major form of social organization. An increasingly documented feature of eusociality is that mothers induce their offspring to help by means of hormones, pheromones or behavioural displays, with evidence often...
Emmanuelle Auriol
David V. Mc Queen (ed.), April 2021, Oxford University Press
Regulating quality is challenging because in public utilities such as water and sanitation, quality is multidimensional, is not always objectively measurable, and can be hard to verify, both ex ante and ex post. It is therefore useful to review the main insights from the New Economics of Regulation...
Eyal Castiel, Sem Borst, Laurent Miclo, Florian Simatos, and Phil Whiting
vol. 31, n. 2, April 2021, pp. 941–971
We examine a queue-based random-access algorithm where ac-tivation and deactivation rates are adapted as functions of queue lengths.We establish its heavy traffic behavior on a complete interference graph,which turns out to be nonstandard in two respects: (1) the scaling dependson some parameter of...
Christian Gouriéroux, Andrew Hencic, and Joann Jasiac
vol. 40, n. 2, March 2021, pp. 301–326
This paper examines the performance of nonlinear short‐term forecasts of noncausal processes from closed‐form functional predictive density estimators. The processes considered have mixed causal–noncausal MAR(1, 1) dynamics and non‐Gaussian distributions with either finite or infinite variance. The...
Jieying Hong, Sophie Moinas, and Sébastien Pouget
vol. 185, March 2021, pp. 1–26
Does learning reduce or fuel speculative bubbles? We study this issue in the context of the Bubble Game proposed by Moinas and Pouget (2013). Our theoretical analysis based on adaptive learning shows that i) in the long run, learning induces convergence to the unique no-bubble equilibrium, ii) in...
