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David Martimort, Guillaume Pommey et Jérôme Pouyet
vol. 164, octobre 2022, p. 25–44
Modern airports provide commercial services to passengers in addition to aeronautical services to airlines. We analyze the optimal regulation design of the airport when the airport also invests in the quality of its infrastructure. The optimal regulation can be implemented with a price-cap and a...
Maria Giuseppina Bruna, Rey Dang, L'hocine Houanti, Jean-Michel Sahut et Michel Simioni
vol. 49, n° 103048, octobre 2022
Given the contrasting empirical results of the literature, the question of the influence of the presence of women on corporate boards of directors (WOCB) on the corporate social performance (CSP), we revisit this problem by developing a semi-parametric approach to capture the non-linear effects of...
Giuliana Spadaro, Catherine Molho, Jan-Willem Van Prooijen, Angelo Romano, Cristina O. Mosso et Paul A.M. Van Lange
octobre 2022
Corruption is a pervasive phenomenon that affects the quality of institutions, undermines economic growth and exacerbates inequalities around the globe. Here we tested whether perceiving representatives of institutions as corrupt undermines trust and subsequent prosocial behaviour among strangers....
James K. Hammitt
n° 71, octobre 2022
Downside risk aversion (downside RA) and decreasing absolute risk aversion (DARA) are different concepts that describe preferences for which the harm from bearing risk is lessened by an increase in wealth. This note presents some intuitive explanations of the difference between the two concepts...
Laurent Miclo
vol. 184, octobre 2022, p. 275–322
Consider finite state space irreducible and absorbing Markov processes. A general spectral criterion is provided for the absorbing time to be close to an exponential random variable, whatever the starting point. When exiting points are added to the state space, our criterion also insures that the...
Anaïs Fabre
n° 22-1362, septembre 2022, révision juillet 2025
This paper studies the Two-Way Fixed Effects (TWFE) estimator in a general setting where multiple groups can enter and exit a binary treatment over time. It establishes necessary and sufficient conditions for this estimator to correspond to a convex combination of Average Treatment Effects (ATEs)....
Doh-Shin Jeon, Yassine Lefouili et Leonardo Madio
n° 22-1361, septembre 2022, révision novembre 2025
We study a platform's incentives to delist IP-infringing products and the effects of holding the platform liable for the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability increases innovation by reducing the competitive pressure faced by...
Marcel Boyer
vol. 35, n° 1, septembre 2022, p. 134–163
Prosecution of the retail gasoline price-fixing cartel in Quebec was the culmination of the largest and one of the most successful criminal investigations in the history of the Competition Bureau of Canada. In June 2008, criminal charges were brought against a number of individuals and companies...
Bertrand Achou, Philippe De Donder, Franca Glenzer et Minjoon Lee
vol. 201, septembre 2022, p. 1–21
COVID-19 outbreaks at nursing homes during the recent pandemic have received ample media coverage and may have lasting negative impacts on individuals’ perception of nursing homes. We argue that this could have sizable and persistent implications for savings and long-term care policies. Our...
Olivier Jean Blanchard, Christian Gollier et Jean Tirole
n° 22-1360, septembre 2022
