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Jad Beyhum, Jean-Pierre Florens et Ingrid Van Keilegom
vol. 40, n° 3, 2022, p. 1034–1045
This article analyzes the effect of a discrete treatment Z on a duration T. The treatment is not randomly assigned. The confounding issue is treated using a discrete instrumental variable explaining the treatment and independent of the error term of the model. Our framework is nonparametric and...
Gilles Lafforgue, Jean-Pierre Amigues, Ujjayant Chakravorty et Michel Moreaux
n° 147, 2022, p. 51–78
In order to encourage substitution of fossil fuels by cleaner renewables, regulatory agencies have generally chosen between two types of renewable energy standards. They have either mandated a minimum volume of renewable energy as in the case of ethanol in transport fuels, and for electricity in...
Aaron D. Lightner, Zachary Garfield et Edward H. Hagen
vol. 12, n° 3, 2022
Jörn Boehnke et Victor Gay
vol. 57, n° 4, 2022, p. 1209–1241
Konrad Stahl (ZEW, Mannheim;University of Mannheim;CESifo;CEPR)
TSE, 2022
Frank Wolak (Stanford University)
Bence Bago et Balazs Aczel
vol. 6, n° 6, 2022, p. 880–895
Much research on moral judgment is centered on moral dilemmas in which deontological perspectives (i.e., emphasizing rules, individual rights and duties) are in conflict with utilitarian judgements (i.e., following the greater good defined through consequences). A central finding of this field...
Perrin Lefebvre et David Martimort
vol. 34, n° 3, 2022, p. 357–414
A substantial literature has been devoted to analyzing how legislators delegate regulatory power to a more knowledgeable agency. Yet, much less attention has been paid to understand how this delegation process is shaped by the environment in which this agency operates, and more specifically by the...
Elisa Luciano et Jean-Charles Rochet
vol. 144, 2022, p. 104543
The risk appetite of insurance companies fluctuates over time in a quasi cyclical fashion. When their capitalization is high (low), companies choose portfolios with a high (small) share of risky assets. We show that this phenomenon has the same source as the underwriting cycle, namely...
Claude Crampes et Michel Moreaux
n° 177, 2022, p. 9–27
By increasing the size of production, storage, and transport equipment, firms seek to take advantage of an increase in volume (outputs) proportionally larger than the increase in surface (inputs). But economies of scale are limited by the strength of the materials, the distance to supply and...
