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Frank Wolak (Stanford University)
TSE, 2022
Shiva Shekhar (University of Passau)
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...
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...
Sean Higgins
Toulouse, 2022
Ariel Stern (Harvard Business School)
Paris, 2022
Pascal Bégout
vol. 2, n° 31, 2022, p. 241–252
Thibault Laurent, Thi-Huong-An Nguyen, Christine Thomas-Agnan et Anne Ruiz-Gazen
vol. 49, n° 5, 2022, p. 1235–1251
The vote shares by party on a given subdivision of a territory form a vector called composition (mathematically, a vector belonging to a simplex). It is interesting to model these shares and study the impact of the characteristics of the territorial units on the outcome of the elections. In the...
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...
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...
