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Farid Gasmi, Laura Recuero Virto et Denis Couvet
n° 101130, août 2023, révision 10 juin 2026
Using a novel database on countries exposed to coastal risks (CR), this paper estimates an augmented neoclassical growth model that encompasses eight other new growth models. To account for uncertainty related to the number of models and choice of growth determinant proxies, we use a Bayesian...
Georges Casamatta
Toronto, vol. 56, n° 3, août 2023, p. 919–939
I determine the optimal income tax schedule when individuals both choose endogenously their labour supply and have the possibility of avoiding paying taxes. Considering a convex concealment cost function, I propose a formula for the optimal marginal tax rate, that generalizes the formula of the...
Jorge Peña et Georg Nöldeke
août 2023, révision 10 juin 2026
The prisoner’s dilemma, the snowdrift game, and the stag hunt are two-player symmetric 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...
Yasser Abbas et Abdelaati Daouia
n° 23-1461, août 2023
Studying the content and impact of news articles has been a recurring interest in economics, finance, psychology, and political and media literature over the last 20 years. Most of these offerings focus on specific qualities or outcomes related to their textual data, which limits their...
Jad Beyhum, Elia Lapenta et Pascal Lavergne
n° 23-1467, août 2023
We extend nonparametric regression smoothing splines to a context where there is endogeneity and instrumental variables are available. Unlike popular existing es-timators, the resulting estimator is one-step and relies on a unique regularization parameter. We derive uniform rates of the convergence...
Bert Willems et Yu Yueting
n° 23-1462, août 2023
We compare uniform and discriminatory-price auctions in wholesale electricity markets, studying both long-run investment incentives and short-run bidding behaviors. We develop a monopolistic competition model with a continuum of generation technologies ranging from base load to peak load, free...
Lan Anh Nguyen, Manh-Hung Nguyen, Viet-Ngu Hoang, Arnaud Reynaud, Michel Simioni et Clevo Wilson
août 2023
Literature shows that tourists can make significant financial contributions towards efforts of erosion prevention, but very few studies are done in the context of developing countries, especially to protect World Heritage sites. This paper provides the first estimates of willingness to pay (WTP)...
Brenda L. Volling, Wonjung Oh, Richard Gonzalez, Lauren Bader, Lin Tan et Lauren Rosenberg
vol. 35, n° 3, août 2023, p. 1404 –1420
Changes in children’s attachment security to mother and father were examined for 230 firstborn children (M = 31.17 months), their mothers and fathers participating in a longitudinal investigation starting in the last trimester of the mothers’ pregnancy and 1, 4, 8, and 12 months after the birth of...
Karine Van Der Straeten et Takuro Yamashita
n° 23-1463, août 2023, révision mars 2025
Voters’ voting decisions crucially depend on their information. Thus, it is an important question how much / what kind of information they should know, as a normative guidance of the optimal extent of transparency. We consider a simple two-alternative majority voting environment, and study the...
Alexandre de Cornière, Andrea Mantovani et Shiva Shekhar
n° 23-1464, août 2023
We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on sellers...
