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Sarah Ann Wheeler, Céline Nauges et Quentin R. Grafton
vol. 47, n° 2, mai 2025, p. 487–514
The allocation of water across space and time is a key challenge of water governance, with demand and supply often not well matched over time and place. Best practice water pricing and markets may promote water conservation, yet their application is limited. We highlight the governance principles...
Elena Panova et Thibault Laurent
mai 2025
This paper examines how the structure of communication networks influences learning and social welfare when participants have different prior opinions and face uncertainty about an external state. We analyze a game in which players form links to exchange opinions on the state and reduce their...
David Bardey et Philippe De Donder
Toronto, vol. 58, n° 2, mai 2025, p. 443–483
Personalized medicine is still in its infancy, with costly genetic tests providing little actionable information in terms of efficient prevention decisions. As a consequence, few people undertake these tests currently, and health insurance contracts pool all agents irrespective of their genetic...
Thomas Ragel et Bruno Ziliotto
avril 2025
Claire Borsenberger, Helmuth Cremer, Denis Joram, Jean-Marie Lozachmeur et Estelle Malavolti
n° 25-1639, avril 2025
The concept of Corporate Social Responsibility (CSR) has evolved since Milton Friedman’s 1970 assertion that a business’s sole responsibility is profit. Today, global frameworks like the UN Global Compact and EU regulations emphasize corporate accountability, particularly regarding social and...
Michel Moreaux et Jean-Pierre Amigues
n° 25-1638, avril 2025
The theme of the ’energy transition’ away from fossil fuels toward clean renewable energy has attracted a lot of attention in the context of climate change mitigation. However the emergence of a new energy system raises its own problems. An aggressive carbon pricing or a renewables subsidisation...
Gabriel Ulyssea, Matteo Bobba, Lucie Gadenne et Mariaflavia Harari
vol. 6, n° 2, avril 2025
Most low- and middle-income countries are characterised by a large informal sector, which implies that a substantial fraction of economic activity and livelihoods in these countries goes on completely unregulated. This has important implications for the behaviour of firms, workers, families, and...
Patrick Rey, Simon Loertscher et Leslie Marx
n° 25-1637, avril 2025
We develop the procurement analogue to an all-pay auction for an independent private values model with identical distributions. In this all-receive procurement auction (ARPA), suppliers simultaneously submit bids. Suppliers with bids below (above) the reserve are paid their bids (are paid and...
Helmuth Cremer et Georges Casamatta
n° 25-1636, avril 2025
We examine the optimal combination of direct and indirect taxes in the presence of tax avoidance. Our findings indicate that linear commodity taxes should be included in the optimal tax mix, even when they are subject to avoidance and when the conditions of the Atkinson-Stiglitz theorem hold. This...
Benoît Chevalier-Roignant, Stéphane Villeneuve, Fabien Delpech et May-Line Grapotte
n° 25-1635, avril 2025
There are many business situations in which investments by a supplier and a producer (“coinvest-ments") are both necessary for either of them to grasp a business opportunity. For instance, better quality tanks are needed to manufacture reliable hydrogen-powered vehicles. One of these two firms,...
