Recherche avancée

Eva Raiber, Weiwei Ren, Jeanne Bovet, Paul Seabright et Charlotte Wang

vol. 71, n° 3, avril 2023

In many societies, parents are involved in selecting a spouse for their child, integrating this with decisions about premarital investment such as education. Do spousal preferences of parents and children conflict? We estimate parents’ spousal preferences based on survey choices between random...

Jorge Peña et Georg Nöldeke

n° 23-153, avril 2023

The prisoners’ dilemma, the snowdrift game, and the stag hunt are simple two-player games that are often considered as prototypical examples of cooperative dilemmas across disciplines. However, surprisingly little consensus exists about the precise mathematical meaning of the words “cooperation”...

Michele Bisceglia

vol. 71, n° 1, avril 2023, p. 1–46

Consider a three-tier industry with a monopolist supplying a manufacturer which sells its product to final consumers through two retailers. Contracts are linear and secret. Hence, upon receiving an out-of-equilibrium offer, each retailer must form a belief about the identity of the deviating...

Jeffrey A. Friedman

vol. 75, n° 2, avril 2023, p. 280–315

This article explains how leaders can use foreign policy issues to shape their personal images. It argues, in particular, that presidents and presidential candidates can use hawkish foreign policies to craft valuable impressions of leadership strength. This dynamic can give leaders incentives to...

Gesche Huebner, Sylvain Chabé-Ferret, Anouch Missirian, Shanyong Wang, Alejandro Lopez-Feldman, Giovanni Sogari, Zhaohua Wang, Hao Li, Bin Zhang, Bo Wang, Srishti Mediratta et Diana Ivanova

vol. 6, n° 4, avril 2023, p. 329–332

According to the IPCC, changes to our lifestyles and behavior could result in a 40%–70% reduction in greenhouse gas emissions by 2050. However, promoting impactful behavioral shifts through norms, policies, infrastructure, and technology remains challenging. This Voices asks: what must be...

Thomas Mariotti, Nikolaus Schweizer, Nora Szech et Jonas von Wangenheim

vol. 69, n° 4, avril 2023, p. 2182–2197

We study the optimal design of information nudges for present-biased consumers who make sequential consumption decisions without exact prior knowledge of their long-term consequences. For any distribution of risks, there exists a consumer-optimal information nudge that is of cutoff type,...

Bruno Biais, Christophe Bisière, Matthieu Bouvard, Catherine Casamatta et Albert J. Menkveld

vol. 78, n° 2, avril 2023, p. 967–1014

We offer an overlapping generations equilibrium model of cryptocurrency pricing and confront it to new data on bitcoin transactional benefits and costs. The model emphasizes that the fundamental value of the cryptocurrency is the stream of net transactional benefits it will provide, which depend on...

Estelle Malavolti et Augustin Lesgourgues

vol. 170, n° 103613, avril 2023

We develop a schedule delay model using advanced econometrics techniques, while computing the social cost of passenger delays, in order to propose an alternative to the method of defining such cost that is actually found in the literature. This study has been made possible by obtaining private...

Viktor Stojkoski, Philipp Koch et César Hidalgo

vol. 4, n° 130, avril 2023

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key information on innovative activities. To bridge this gap, we...

Felix Dammann, Néofytos Rodosthenous et Stéphane Villeneuve

n° 23-1430, avril 2023

We introduce a non zero-sum game between a government and a legislative body to study the optimal level of debt. We succeed in characterising Nash equilibria in the class of Skorokhodreflection policies which implies that the legislator imposes a debt ceiling. In addition, we highlight the...