Recherche avancée

Péter Bayer

n° 23-1487, novembre 2023

This paper studies the evolution of behavior governing strategic network formation. I first propose a general framework of evolutionary selection in non-cooperative games played in heterogeneous groups under assortative matching. I show that evolution selects strate-gies that (i) execute altruistic...

Le Thanh Ha, Manh-Hung Nguyen et Chon Van Le

vol. 55, novembre 2023, p. 117061–117081

In this study, we use a time-varying parameter vector autoregression (TVP-VAR) in conjunction with the extended joint connectedness approach to examine the influences of the economic globalization measured by foreign direct investment (FDI) as well as trade openness (TO), on renewable and non-...

George-Marios Angeletos, Fabrice Collard et Harris Dellas

vol. 131, n° 11, novembre 2023, p. 3233–3264

We study optimal policy in an economy where interest rates are low because public debt serves as collateral or buffer stock. Issuing more public debt raises welfare by easing the underlying friction but also reduces the private valuation of this service, raising interest rates. This trade-off...

Frédéric Cherbonnier et Christian Gollier

vol. 15, novembre 2023, p. 147–164

Most Western countries use a single discount rate to evaluate public investments and policies. This ignores the differential cost of risk, in a world where most risk markets exhibit surprisingly large prices of risk. The current discounting guidelines generate a misallocation of capital that...

Benjamin C. Trumble, Herman Pontzer, Jonathan Stieglitz, Daniel Cummings, Brian Wood, Melissa Emery Thompson, David Raichlen, Bret A. Beheim, Gandhi Yetish, Hillard Kaplan et Michael Gurven

vol. 35, n° 11, novembre 2023

Testosterone plays a role in mediating energetic trade-offs between growth, maintenance, and reproduction. Investments in a high testosterone phenotype trade-off against other functions, particularly survival-enhancing immune function and cellular repair; thus only individuals in good condition can...

Ayden Higgins et Koen Jochmans

vol. 237, n° 1, 105462, novembre 2023

This paper provides new identification results for finite mixtures of Markov processes. Our arguments yield identification from knowledge of the cross-sectional distribution of three (or more) effective time-series observations under simple conditions. We explain how our approach and results are...

Martin Boyer, Philippe De Donder, Claude Fluet, Pierre-Carl Michaud et Marie-Louise Leroux

vol. 152, n° 4, novembre 2023, p. 185–201

Cet article étudie certaines des raisons qui pourraient expliquer la faiblesse du marché de l’assurance dépendance au Québec et en Ontario. En utilisant des données d’enquête de 2016, nous expliquons que les biais de perception des risques démographiques (probabilité de survie et de dépendance) ne...

César Hidalgo

vol. 52, n° 9, novembre 2023

In recent years economic complexity has grown into an active field of fundamental and applied research. Yet, despite important advances, the policy implications of economic complexity can remain unclear or misunderstood. Here I organize the policy implications of economic complexity in a framework...

Mathias Reynaert, Eduardo Souza-Rodrigues et Arthur Van Benthem

n° 23-1485, novembre 2023

The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical ecosystems. We summarize the state of knowledge about the impacts of protected area policies, with a focus on deforestation and vegetation cover. We discuss critical issues around...

Christian Bontemps, Frédéric Cherbonnier et Thierry Magnac

n° 23-1486, novembre 2023

The existence of transaction taxes reduces transactions, and in the case of housing, reduces household mobility and affects the costs of downsizing in dire times. We construct and estimate an overlapping generation model in which households are heterogeneous in age and earnings, and prudential...