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Maria Kleshnina, Christian Hilbe, Stepan Simsa, Krishnendu Chatterjee et Martin A. Nowak
vol. 14, n° 4153, juillet 2023
Many human interactions feature the characteristics of social dilemmas where individual actions have consequences for the group and the environment. The feedback between behavior and environment can be studied with the framework of stochastic games. In stochastic games, the state of the environment...
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...
Daniel L. Chen et Arnaud Philippe
vol. 211, juillet 2023, p. 324–344
We document judicial leniency on defendant birthdays across 4.8 million decisions. Our results are consistent with reference-dependent social preferences. First, French sentences are 1% fewer and around 5% shorter. Second, U.S. federal judges also round down sentences except when rounding up makes...
Abdelaati Daouia, Gilles Stupfler et Antoine Usseglio-Carleve
n° 23-1458, juillet 2023
A substantial body of work in the last 15 years has shown that expectiles constitute an excellent candidate for becoming a standard tool in probabilistic and statistical modeling. Surprisingly, the question of how expectiles may be efficiently calculated has been left largely untouched. We fill...
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...
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...
Michele Bisceglia, Jorge Padilla, Salvatore Piccolo et Pekka Saaskilahti
vol. 90, n° 102771, juillet 2023
We describe the healthcare industry as a mixed oligopoly, where a public and two private providers compete, and examine the effects of a merger between the two private healthcare providers on prices, quality, and welfare. When the price and (eventually) quality of the public provider are regulated...
Marion Hoffman et Timothée Chabot
vol. 74, juillet 2023, p. 259–274
Socioeconomic homophily in friendship networks is the result of several co-occurring processes, which are extremely challenging to disentangle. We propose to study the particular context of a three-week summer camp in France that gathered teenagers from varied socioeconomic backgrounds. We argue...
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...
Emmanuelle Auriol
juin 2023
