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Simon Columbus, Catherine Molho, Francesca Righetti, and Daniel Balliet

vol. 120, n. 3, March 2021, pp. 626–650

Philosophers and scientists have long debated the nature of human social interactions and the prevalence of mutual dependence, conflict of interests, and power asymmetry in social situations. Yet, there is surprisingly little empirical work documenting the patterns of interdependence that people...

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E. Quintiero, Serena Gastaldi, Francesca De Petrillo, Elsa Addessi, and Sacha Bourgeois-Gironde

vol. 376, n. 1819, March 2021

Money represents a cornerstone of human modern economies and how money emerged as a medium of exchange is a crucial question for social sciences. Although non-human primates have not developed monetary systems, they can estimate, combine and exchange tokens. Here, we evaluated quantity–quality...

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Pascal Bégout, and Ian Schindler

vol. 72, n. 115, March 2021

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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...

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Yaping Wu, David Bardey, Yijuan Chen, and Sanxi Li

vol. 30, n. 3, March 2021, pp. 525–543

This article explores a three‐party contracting problem when the patient and the provider possess private information that is unobservable to the insurer. We show that for an insurance mechanism to be collusion‐proof, it suffices for the insurer to rely on the incentive for one side of the patient‐...

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Ayşegül Kanay, Denis Hilton, Laetitia Charalambides, Jean-Baptiste Corrégé, Eva Inaudi, Laurent Waroquier, and Stéphane Cezera

vol. 83, n. 102348, March 2021

We compared the effectiveness of basket goal-setting to product information strategies on sustainable consumption in a simulated online supermarket. Experiment 1 found a significant effect of basket goal setting techniques with carbon basket feedback in either numerical or graphical form on the...

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Nicolas Treich, and Yuting Yang

vol. 106, n. 102421, March 2021

Standard benefit-cost analysis often ignores distortions caused by taxation and the heterogeneity of taxpayers. In this paper, we theoretically and numerically explore the effect of imperfect taxation on the public provision of mortality risk reductions (or public safety). We show that this effect...

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Mohamed Saleh, and Jean Tirole

vol. 89, n. 4, March 2021, pp. 1881–1919

A ruler who does not identify with a social group, whether on religious, ethnic, cultural or socioeconomic grounds, is confronted with a trade-off between taking advantage of the out-group population’s eagerness to maintain its identity and inducing it to “comply” (conversion, quit, exodus or any...

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Sofia B. Villas-Boas, Céline Bonnet, and James Hilger

vol. 103, n. 2, March 2021, pp. 663–681

By conducting a field experiment, we investigate whether consumers value expert opinion labels on wine as a form of reducing asymmetric information about product quality. We use two types of data. First, we use a macro-level monthly-product-store dataset, collected before and after our field...

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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...

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