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Justina Klimaviciute et Pierre Pestieau
vol. 37, n° 4, septembre 2023, p. 1192–1213
With the rapid increase in long-term care (LTC) needs, it is important to assess the expected contributions of the traditional providers of LTC: the state, the market and the family. We first survey the literature devoted to the family and the market. Then, given the declining role of family...
Sylvain Chabé-Ferret, Philippe Le Coent, Valentin David-Legleye et Véronique Delannoy
vol. 50, n° 4, septembre 2023, p. 1401–1427
Payments for Environmental Services (PESs) are increasingly used to foster farmers’ adoption of greener practices, but their effectiveness is often undermined by low enrollment. In a large randomized field experiment (N = 20,000), we test several non-monetary incentives to increase enrollment into...
Jean-François Fournel
n° 23-1465, septembre 2023, révision juin 2024
I design a structural model of demand for electric vehicles and the supply of a public charging infrastructure by forward-looking local planners. Using Canadian data, I study the cost-effectiveness of electric vehicle incentives in this context. Subsidizing electric vehicle purchases almost doubled...
Thierry Magnac
n° 23-1489, septembre 2023
Nous présentons un modèle simple d’investissements en capital humain qui peut tenir compte d’une grande hétérogénéité entre agents, et nous étudions sa compatibilité avec certains modèles de recherche d’emploi et de salaire d’équilibre qui ont été proposés dans la littérature. Nous montrons que l’...
Angélique Acquatella
n° 23-1477, septembre 2023
Low-income individuals are typically the most price sensitive segment of the mar-ket, but this is not true in the market for health care services. I show that low-income individuals have a smaller demand elasticity of medical spending with re-spect to coinsurance, relative to their higher income...
Claude Crampes et Antonio Estache
n° 23-1466, septembre 2023
The paper makes the case for a more systematic ex-ante assessment of the distribution of gains and losses from efficiency enhancing innovations that regulatory sandboxes are expected to test. It shows how a prior formal modelling of tests can inform the regulators on the possible need to control...
Doh-Shin Jeon, Yassine Lefouili, Yaxin Li et Timothy Simcoe
n° 23-1468, septembre 2023, révision janvier 2025
We develop a model of a device ecosystem to study how network structure affects demand, pricing, and output for the underlying products. Prices depend on each device's Katz-Bonacich centrality in a network defined by the demand-side externalities linking devices. We show how the relevant network...
Johannes Hörner et Jérôme Renault
n° 23-1473, septembre 2023
We adapt the methods from Abreu, Pearce and Stacchetti (1990) to finitely repeated games with imperfect public monitoring. Under a combination of (a slight strengthening of) the assumptions of Benoıˆt and Krishna (1985) and those of Fudenberg, Levine and Maskin (1994), a folk theorem follows. Three...
Elias Albagli, Christian Hellwig et Aleh Tsyvinski
vol. 113, n° 9, septembre 2023, p. 2323–2354
We analyze the consequences of noisy information aggregation for investment. Market imperfections create endogenous rents that cause overinvestment in upside risks and underinvestment in downside risks. In partial equilibrium, these inefficiencies are particularly severe if upside risks are coupled...
Daniel L. Chen et Martin Schonger
septembre 2023
The strategy method (SM) is, in practice, subject to a possibly severe economic-theoretical bias. Although many studies utilize SM to examine responses to rare or off-equilibrium behaviors unattainable through direct elicitation (DE), they ignore the fact that the strategic equivalence between SM...
