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Ilaria Pretelli, Monique Borgerhoff Mulder et Richard McElreath
vol. 4, n° e34, 2022
Humans live in diverse, complex niches where survival and reproduction are conditional on the acquisition of knowledge. Humans also have long childhoods, spending more than a decade before they become net producers. Whether the time needed to learn has been a selective force in the evolution of...
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...
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...
Marion Mercier, Arthur Silve et Benjamin Tremblay-Auger
vol. 31, n° 2, 2022, p. 191–196
Margaret Gatz, Wendy Mack, Helena Chui, Meng Law, Giuseppe Barisano, Linda Sutherland, James Sutherland et Jonathan Stieglitz
2022
Niko Matouschek (Northwestern University)
Toulouse, 2022
We characterize the optimal communication network in a rm with a modular production func- tion, which we model as a network of decisions with a non-overlapping community structure. Optimal communication is characterized by two hierarchies that determine whom each agent receives information from and...
Abdelaati Daouia, Irene Gijbels et Gilles Stupfler
vol. 117, n° 539, 2022, p. 1579–1586
Regression extremiles define a least squares analogue of regression quantiles. They are determined by weighted expectations rather than tail probabilities. Of special interest is their intuitive meaning in terms of expected minima and maxima. Their use appears naturally in risk management where, in...
Helmuth Cremer et Jean-Marie Lozachmeur
vol. 84, n° 102642, 2022
This paper studies a market for a medical product in which there is perfect competition among health insurers, while the good is sold by a monopolist. Individuals differ in their severity of illness and there is ex post moral hazard. We consider two regimes: one in which insurers use coinsurance...
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...
Milo Bianchi, Rose-Anne Dana et Elyès Jouini
vol. 73, n° 4, 2022, p. 1101–1134
Consider a firm owned by shareholders with heterogeneous beliefs and discount rates who delegate to a manager the choice of a production plan. The shareholders and the manager can trade contingent claims in a complete asset market. Shareholders cannot observe the chosen production plan and design a...
