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Douadia Bougherara, Lana Friesen et Céline Nauges
vol. 201, septembre 2022, p. 83–104
We study the interaction between risk-taking and skewness-seeking behavior among a demographically diverse sample of French adults using an experiment that elicits certainty equivalent over lotteries that vary the second and third moments orthogonally. We find that the most common behavior is risk...
Marc Ivaldi et Jiekai Zhang
vol. 70, n° 3, septembre 2022, p. 591–630
This paper contributes to the analysis of mergers in two-sided markets, notably those in which a platform provides its service for free on one side but obtains all its revenues from the other, as in the digital TV industry. Specifically, we assess a decision of the French competition authority...
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...
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...
Hai-Anh H. Dang, Manh-Hung Nguyen et Toan L.D. Huynh
n° 22-1372, septembre 2022
The COVID-19 pandemic has wrought havocs on economies around the world. Yet, much needs to be learnt on the distributional impacts of the pandemic. We contribute new theoretical and empirical evidence on the distributional impacts of the pandemic on different income groups in a multi-country...
Peiyao Ma, Andrea Mantovani, Carlo Reggiani, Annette Broocks et Nestor Duch-Brown
n° 22-1371, septembre 2022
Dominant platforms such as Booking.com and Amazon often impose Price Parity Clauses to prevent sellers from charging lower prices on alternative sales channels. We provide quasi-experimental evidence on the full removal of these price restrictions in France in 2015 for three major international...
Michele Bisceglia, Jorge Padilla, Salvatore Piccolo et Shiva Shekhar
vol. 60, n° 100981, septembre 2022
We study the competitive effects of a vertical merger in a digital industry where an integrated incumbent (closed ecosystem) competes with an open ecosystem formed by an upstream supplier (ecosystem gatekeeper) and two downstream retailers selling differentiated products. Absent innovation, the...
James K. Hammitt
n° 22-1359, septembre 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...
Takuro Yamashita et Takeshi Murooka
septembre 2022
We consider an adverse selection environment between an informed seller and an uninformed buyer, where no trade occurs when all buyers are the standard Bayesian-rational type. The buyer may be a “behavioral” type in that he may take actions different from the rational type. We show that, for any...
Olivier Jean Blanchard, Christian Gollier et Jean Tirole
n° 22-1360, septembre 2022
