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Lan Anh Nguyen, Manh-Hung Nguyen, Viet-Ngu Hoang, Arnaud Reynaud, Michel Simioni et Clevo Wilson
août 2023
Literature shows that tourists can make significant financial contributions towards efforts of erosion prevention, but very few studies are done in the context of developing countries, especially to protect World Heritage sites. This paper provides the first estimates of willingness to pay (WTP)...
Ori Plonsky, Daniel L. Chen, Liat Netzer, Talya Steiner et Yuval Feldman
vol. 108, n° 7, juillet 2023, p. 1137–1156
Experts and employees in many domains make multiple similar but independent decisions in sequence. Often, the serial position of the case in the sequence influences the decision. Explanations for these serial position effects focus on the role of decision makers’ fatigue, but these effects emerge...
Thibault Laurent, Christine Thomas-Agnan et Anne Ruiz-Gazen
vol. 4, n° 5, juillet 2023
Spatial autoregressive models have been adapted to model data with both a geographic and a compositional nature. Interpretation of parameters in such a model is intricate. Indeed, when the model involves a spatial lag of the dependent variable, this interpretation must focus on the so-called...
Benjamin Ouvrard, Raphaele Préget, Arnaud Reynaud et L. Tuffery
vol. 50, n° 3, juillet 2023, p. 1178–1226
We use a discrete choice experiment with treatments to test if voluntary adoption of smart water meters by French farmers can be fostered by (i) a collective conditional subsidy offered to farmers who adopt a smart meter only if the rate of adoption in their geographic area is sufficiently high and...
Lukas Dargel et Christine Thomas-Agnan
n° 23-1456, juillet 2023, révision 20 septembre 2023
The interpretation of regression models with compositional vectors as dependent and/or independent variables has been approached from different perspectives. The first approaches that appeared in the literature are done in coordinate space after some log-ratio transformation of the share vectors....
n° 23-1455, juillet 2023
This article sheds light on the relationship between compositional data (CoDa) regression models and multiplicative competitive interaction (MCI) models, which are two approaches for modeling shares. We demonstrate that MCI models are special cases of CoDa models and that a reparameterization links...
Shangrong Chen et Estelle Malavolti
vol. 110, n° 102340, juillet 2023
This paper proposes a formal model to assess the introduction of hydrogen technology in the air transport sector when the initial market is uncovered, a situation relevant to the current COVID-19 crisis. The “flight shame” movement causes some passengers to leave the market while allowing for some...
Doh-Shin Jeon et Domenico Menicucci
juillet 2023
We study how data portability affects consumer surplus and firms’ profits in a two-period model with a switching cost where two firms compete under a non-negative pricing constraint. The firms can circumvent the constraint by tying another complementary free service (called ”freebies”) with the...
Pierre Dubois, Elissa Gentry et Tuba Tuncel
n° 23-1459, juillet 2023, révision janvier 2026
Off-label use regulation has the potential to change pharmaceutical rms' behavior and|consequently|affect patient welfare. We investigate the impact of two changes in off-label regulation on pharmaceutical rms' behavior in seeking formal market- ing approval for supplementary uses. In 2012, a US...
Hans Gersbach, Jean-Charles Rochet et Martin Scheffel
vol. 27, n° 4, juillet 2023, p. 1423–1469
We integrate bank and bond financing into a two-sector neoclassical growth model and identify an automatic stabilization effect due to endogenous bank leverage adjustment. We show that although bank leverage amplifies shocks, the increase of leverage due to a decline in bank equity partially...
