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Pierre Dubois, Paul-Henri Moisson et Jean Tirole
n° 22-1377, novembre 2022, révision décembre 2022
Faced with a scarcity of treatments for neglected diseases, experts and governmental organizations have lately proposed to build strong pull incentives around transferable vouchers. Inventors would be granted, and allowed to sell these vouchers to pharmas desiring to extend their exclusive IP...
Matthieu Bouvard, Catherine Casamatta et Rui Xiong
n° 22-1386, novembre 2022
We show that by lending to merchants and monitoring them, an e-commerce platform can price-discriminate between merchants with high and low financial constraints: the platform offers credit priced below market rates and designed to select merchants with lower capital or collateral while...
Eugenia Gonzalez-Aguado
n° 22-1379, novembre 2022
There has been a growing concern about the vulnerability of emerging countries to fluc-tuations in international interest rates. Empirical evidence shows that these countries suffer significant output drops when developed countries raise their interest rates. In this paper, I document that an...
Zoe Purcell et Jean-François Bonnefon
n° 22-1387, novembre 2022
Artificial Intelligence (AI) can be harnessed to create sophisticated social and moral scoring systems —enabling people and organizations to form judgements of others at scale. However, it also poses significant ethical challenges and is, subsequently, the subject of wide debate. As these...
Susan Perry, Alecia Carter, Jacob Foster, Sabine Noebel et Marco Smolla
vol. 51, octobre 2022, p. 419–436
Although anthropology was the first academic discipline to investigate cultural change, many other disciplines have made noteworthy contributions to understanding what influences the adoption of new behaviors. Drawing on a broad, interdisciplinary literature covering both humans and nonhumans, we...
Frédéric Cherbonnier et Christian Gollier
vol. 43, n° 4, octobre 2022
When evaluating public and private investment projects, those that contribute more to the collective risk should be more penalized through an upward adjustment of their discount rate. This paper shows how to estimate the risk-adjusted discount rate for different projects, with applications to the...
James K. Hammitt
n° 71, octobre 2022
Downside risk aversion (downside RA) and decreasing absolute risk aversion (DARA) are different concepts that describe preferences for which the harm from bearing risk is lessened by an increase in wealth. This note presents some intuitive explanations of the difference between the two concepts...
Giuliana Spadaro, Catherine Molho, Jan-Willem Van Prooijen, Angelo Romano, Cristina O. Mosso et Paul A.M. Van Lange
octobre 2022
Corruption is a pervasive phenomenon that affects the quality of institutions, undermines economic growth and exacerbates inequalities around the globe. Here we tested whether perceiving representatives of institutions as corrupt undermines trust and subsequent prosocial behaviour among strangers....
Ankur Pandya, Mike Paulden, Jinyi Zhu, Tara A. Lavelle et James K. Hammitt
vol. 42, n° 7, octobre 2022, p. 885–892
Background: Decisions based on cost-effectiveness analyses (CEAs) using equal discount rates for health and cost outcomes are consistent with using a constant cost-effectiveness threshold over time. We sought to analyze trends in author-reported cost per quality-adjusted life-year (QALY) thresholds...
Maria Giuseppina Bruna, Rey Dang, L'hocine Houanti, Jean-Michel Sahut et Michel Simioni
vol. 49, n° 103048, octobre 2022
Given the contrasting empirical results of the literature, the question of the influence of the presence of women on corporate boards of directors (WOCB) on the corporate social performance (CSP), we revisit this problem by developing a semi-parametric approach to capture the non-linear effects of...
