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Nozomu Muto, Yasuhiro Shirata, and Takuro Yamashita
vol. 18, n. 3, June 2020, pp. 1284–1320
We study an auction that maximizes the expected social surplus under an upper-bound constraint on the seller’s expected revenue, which we call a revenue cap. Such a constrained-efficient auction may arise, for example, when (i) the auction designer is “pro-buyer”, that is, he maximizes the weighted...
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...
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...
Koen Jochmans, and Vincenzo Verardi
vol. 20, June 2020, pp. 468–480
Lauren Bader, J.M. Ward, H.B. Moran, Hillary Fouts, and Julia Jaekel
vol. 7, n. 6, June 2020, pp. 1–19
Refugees often parent under extreme circumstances. Parenting practices have implications for child outcomes, and parenting in the context of refugee resettlement is likely to be dynamic as parents negotiate a new culture. This study examined African origin mothers’ infant care values and practices...
Olga Bernard
vol. 138, June 2020, pp. 21–48
I examine how incentives for refutation affect publication quality. I build a sequential model of public experimentation with two scientists, a researcher and a refuter. The researcher chooses when to publish a result confirming a hypothesis, with a probability that the result has type I error. The...
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...
Georg Nöldeke, and Jorge Peña
vol. 88, May 2020, pp. 42–51
We consider how group size affects the private provision of a public good with non-refundable binary contributions. A fixed amount of the good is provided if and only if the number of contributors reaches an exogenous threshold. The threshold, the group size, and the identical, non-refundable cost...
Ingela Alger, Paul L. Hooper, Donald Cox, Jonathan Stieglitz, and Hillard Kaplan
vol. 117, n. 20, May 2020, pp. 10746–10754
Paternal provisioning among humans is puzzling because it is rare among primates and absent in nonhuman apes and because emergent provisioning would have been subject to paternity theft. A provisioning “dad” loses fitness at the hands of nonprovisioning, mate-seeking “cads.” Recent models require...
Gonçalo Faria, Andy Gardner, and Pau Carazo
vol. 4, May 2020, pp. 1141–1148
Recent years have seen an explosion of interest in the overlap between kin selection and sexual selection, particularly concerning how kin selection can put the brakes on harmful sexual conflict. However, there remains a significant disconnect between theory and empirical research. Whilst empirical...
