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Pierre Bodere
Auditoriums A3-A4, juin 2026
Anwita Mahajan (University of California, San Diego)
Jonathan Gruber
Chuanzi Yue
Eric Sargent
Jamie Hentall Mc Cuish
TSE, juin 2026
Anna D’Annunzio, Yassine Lefouili, Bruno Jullien et Leonardo Madio
juin 2026, à paraître
This paper examines how horizontal mergers affect firms’ incentives to invest in R&D leading to the development of new products. We characterize the impact of a merger to monopoly and a 3-to-2 merger on equilibrium innovation efforts and consumer surplus, absent efficiency gains and spillovers...
Xuan Zhang (Singapore Management University)
Fabrice Collard, Tiziana Assenza, Dogukan Guney et Philipp Wangner
n° 26-1761, juin 2026
Do central banks decide systematically how much to communicate when explaining their policy decisions? Using all U.S. Federal Open Market Committee policy statements since 1994, we measure communication effort through the change in Shannon entropy and estimate a forward-looking communication rule....
Hung Le (Aalto University)
