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Jeffrey A. Friedman

vol. 75, n° 2, avril 2023, p. 280–315

This article explains how leaders can use foreign policy issues to shape their personal images. It argues, in particular, that presidents and presidential candidates can use hawkish foreign policies to craft valuable impressions of leadership strength. This dynamic can give leaders incentives to...

Gesche Huebner, Sylvain Chabé-Ferret, Anouch Missirian, Shanyong Wang, Alejandro Lopez-Feldman, Giovanni Sogari, Zhaohua Wang, Hao Li, Bin Zhang, Bo Wang, Srishti Mediratta et Diana Ivanova

vol. 6, n° 4, avril 2023, p. 329–332

According to the IPCC, changes to our lifestyles and behavior could result in a 40%–70% reduction in greenhouse gas emissions by 2050. However, promoting impactful behavioral shifts through norms, policies, infrastructure, and technology remains challenging. This Voices asks: what must be...

Jean Tirole

vol. 7, n° 4, avril 2023, p. 171–177

Should agencies confine their role to their main duty or should they embrace new and desirable societal objectives? This article first discusses two emblematic examples of mission expansion: socially responsible competition authorities and green central banks. It then sheds light on the ongoing...

Viktor Stojkoski, Philipp Koch et César Hidalgo

vol. 4, n° 130, avril 2023

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key information on innovative activities. To bridge this gap, we...

Anne Briand, Arnaud Reynaud, Franck Viroleau, Vasileios Markantonis et Giuliana Branciforti

vol. 28, avril 2023, p. 259–272

We develop a dynamic computable general equilibrium (CGE) model to assess the macroeconomic impacts of water scarcity and water (in)security in South Africa. The CGE model which includes a detailed representation of water resources (surface water, groundwater, wastewater, and seawater) has been...

James K. Hammitt

n° 23-1431, avril 2023

The monetary value of a reduction in mortality risk can be accurately characterized using the alternative concepts of value per statistical life (VSL), value per statistical life year (VSLY), and value per quality-adjusted life year (VQALY). Typically, each of these values depends on the age and...

Daniel F. Garrett, George Georgiadis, Alex Smolin et Balazs Szentes

vol. 209, n° 105621, avril 2023

This paper considers a moral hazard model with agent limited liability. Prior to interacting with the principal, the agent designs the production technology, which is a specification of his cost of generating each output distribution. After observing the production technology, the principal offers...

Emmanuelle Auriol

n° 23-1428, avril 2023

Felix Dammann, Néofytos Rodosthenous et Stéphane Villeneuve

n° 23-1430, avril 2023

We introduce a non zero-sum game between a government and a legislative body to study the optimal level of debt. We succeed in characterising Nash equilibria in the class of Skorokhodreflection policies which implies that the legislator imposes a debt ceiling. In addition, we highlight the...

Eva Raiber, Weiwei Ren, Jeanne Bovet, Paul Seabright et Charlotte Wang

vol. 71, n° 3, avril 2023

In many societies, parents are involved in selecting a spouse for their child, integrating this with decisions about premarital investment such as education. Do spousal preferences of parents and children conflict? We estimate parents’ spousal preferences based on survey choices between random...