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Christian Gouriéroux, Alain Montfort, and Jean-Paul Renne
vol. 87, n. 4, July 2020, pp. 1915–1953
François Salanié, and Nicolas Treich
vol. 45, n. 2, July 2020, pp. 104–113
Governments sometimes encourage or impose individual self-protection measures, such as wearing a protective mask in public during an epidemic. However, by reducing the risk of being infected by others, more self-protection may lead each individual to go outside the house more often. In the absence...
Carmen Hové, Benjamin C. Trumble, Amy Anderson, Jonathan Stieglitz, Hillard Kaplan, Michael Gurven, and Aaron D. Blackwell
n. 1, July 2020, pp. 114–128
Background and objectives: Among placental mammals, females undergo immunological shifts during pregnancy to accommodate the fetus (i.e. fetal tolerance). Fetal tolerance has primarily been characterized within post-industrial populations experiencing evolutionarily novel conditions (e.g. reduced...
Matthieu Bouvard, and Samuel Lee
vol. 33, n. 6, June 2020, pp. 2468–2505
We study a model in which firms compete preemptively for trading opportunities and risk management introduces latency in trading. As the time pressure faced by firms is endogenous to risk management choices, strategic complementarities can trigger a “race to the bottom” where prioritizing trade...
Michael Magill, Jean-Charles Rochet, and Martine Quinzii
vol. 112, June 2020, pp. 113–128
A simple equilibrium model is presented which permits the joint study of optimal Central Bank prudential, monetary and balance sheet policies in the pre and post 2008 Crisis periods. It explains the new policies—the purchase of risky securities (QE), payment of interest on reserves (IR) and use of...
Gabrielle Demange, and Karine Van Der Straeten
vol. 174, June 2020, pp. 402–419
This paper proposes an analysis of strategic communication on platforms by candidates during an electoral campaign. A candidate's platform in a (possibly) multidimensional policy space is fixed, but is imperfectly known by voters. A candidate strategically decides the emphasis he puts on the...
Koen Jochmans, and Vincenzo Verardi
vol. 20, June 2020, pp. 468–480
Antoine Fages, Andaine Seguin-Orlando, Mietje Germonpré, and Ludovic Orlando
vol. 31, June 2020
The domestication of the horse and the development of new equestrian technologies have had a far-reaching impact on human history. Disentangling the respective role that horse males and females played during this process is, however, difficult based on iconography and osteological data alone. In...
Jane Conway, Michel-Pierre Coll, Helio Clemente Cuve, Sofia Koletsi, Nicholas Bronitt, Caroline Catmur, and Geoffrey Bird
vol. 149, n. 6, June 2020, pp. 1032–1047
The human ability to make inferences about the minds of conspecifics is remarkable. The majority of work in this area focuses on mental state representation (‘theory of mind’), but has had limited success in explaining individual differences in this ability, and is characterized by the lack of a...
Matthieu Bouvard, and Raphaël Lévy
vol. 18, n. 3, June 2020, pp. 1444–1483
We study how a decision maker uses his reputation to simultaneously influence the actions of multiple receivers with heterogenous biases. The reputational payoff is single-peaked around a bliss reputation at which the incentives of the average receiver are perfectly aligned. We evidence two...