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Johannes Hörner, Nicolas Klein et Sven Rady
vol. 89, n° 4, juillet 2022, p. 1948–1992
This article considers a class of experimentation games with Lévy bandits encompassing those of Bolton and Harris (1999, Econometrica, 67, 349–374) and Keller, Rady, and Cripps (2005, Econometrica, 73, 39–68). Its main result is that efficient (perfect Bayesian) equilibria exist whenever players’...
Sébastien Gadat, Lola Corre, Antoine Doury, Aurélien Ribes et Samuel Somot
juillet 2022
Providing reliable information on climate change at local scale remains a challenge of first importance for impact studies and policymakers. Here, we propose a novel hybrid downscaling method combining the strengths of both empirical statistical downscaling methods and Regional Climate Models (RCMs...
Marcel Boyer
Traditionally, labour concerns have not been top-of-mind when considering competition policy, but the current approach to wage-fixing, anti-poaching, and anti-mobility agreements between firms has been one of the main reasons behind recent Parliamentary attention to competition policy and labour...
Radu Dragomir, Adrien B. Taylor, Jérôme Bolte et Alexandre D'Aspremont
vol. 194, juillet 2022, p. 41–83
We provide a lower bound showing that the O(1/k) convergence rate of the NoLips method (a.k.a. Bregman Gradient or Mirror Descent) is optimal for the class of problems satisfying the relative smoothness assumption. This assumption appeared in the recent developments around the Bregman Gradient...
Koen Jochmans
n° 22-1348, juillet 2022
This paper proposes a solution to the problem of the self-selection of peers in the linear-in-means model. We do not require to specify a model for how the selection of peers comes about. Rather, we exploit two restrictions that are inherent in many such specifications to construct conditional...
Maximilian Müller, Joan Hamory, Jennifer Johnson-Hanks et Edward Miguel
vol. 76, n° 2, juillet 2022, p. 169–189
Fertility preferences have long played a key role in models of fertility differentials and change. We examine the stability of preferences over time using rich panel data on Kenyan women's fertility desires, expectations, actual fertility, and recall of desires in three waves over a nine-year...
vol. 117, n° 538, juillet 2022, p. 887–896
We consider inference in linear regression models that is robust to heteroskedasticity and the presence of many control variables. When the number of control variables increases at the same rate as the sample size the usual heteroskedasticity-robust estimators of the covariance matrix are...
Céline Bonnet, Cécile Détang-Dessendre, Valérie Orozco et Elodie Rouvière
vol. 305, n° 114999, juillet 2022
In 2019, obesity affected 17% of French adults. In this article, we use a unique data set that combines individual-level health and consumption data with living environment data (food, sports and health amenities). We develop a spatial econometric framework to address French health disparities in...
Jose Aurazo et Farid Gasmi
n° 22-1349, juillet 2022
Considered as a cornerstone of development, financial inclusion has become a universal goal, in particular for developing countries that happen to be characterized by a high degree of labor informality. Our aim in this paper is twofold. First, we study how labor informality affects financial...
Daniel Herrera-Araujo, Christoph Rheinberger et James K. Hammitt
vol. 84, n° 102627, juillet 2022
Many stated-preference studies that seek to estimate the marginal willingness-to-pay (WTP) for reductions in mortality or morbidity risk suffer from inadequate scope sensitivity. One possible reason is that the risk reductions presented to respondents are too small to be meaningful. Survey...
