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Mohamed Saleh
sous la direction de Melani Cammett et Pauline Jones, 2021
This chapter investigates a long-standing puzzle in the economic history of the Middle East and North Africa (MENA) region: why do MENA’s native non-Muslim minorities have better socioeconomic (SES) outcomes than the Muslim majority, both historically and today? Focusing on the case of Coptic...
Sandrine Casanova et Eve Leconte
sous la direction de Abdelaati Daouia et Anne Ruiz-Gazen, 2021
In survey analysis, the estimation of the cumulative distribution function (cdf) is of great interest as it facilitates the derivation of mean/median estimators for both populations and sub-populations (i.e. domains). We focus on small domains and consider the case where the response variable is...
Caterina Mendicino (European Central Bank)
TSE, Toulouse, 2021
We examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to non-diversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside but significant downside risk of loan portfolio returns (...
Uday Rajan (University of Michigan)
We study the impact of FinTech competition in payment services when a bank uses payment data to learn about consumers' credit quality. Competition from FinTech payment providers disrupts this information spillover. The bank's price for payment services and its loan oers are aected. FinTech...
J. Simoes, D. Moran, S. Edwards, Céline Bonnet, A. Lopez-Sebastian et P. Chemineau
vol. 15, n° 1, décembre 2021
Gary Biglaiser, Jacques Crémer et André Veiga
n° 21-1281, décembre 2021
We study incumbency advantage in markets with positive consumption externalities. Users of an incumbent platform receive sto- chastic opportunities to migrate to an entrant and can either accept them or wait for a future opportunity. In some circumstances, users have incentives to delay migration...
Jean-François Bonnefon
sous la direction de Markus Knauff et Wolfgang Spohn, chapitre 6.4, décembre 2021
Matthieu Bouvard et Adolfo de Motta
vol. 142, n° 3, 2021, p. 1229–1252
This paper studies an economy where demand spillovers make firms’ production decisions strategic complements. Firms choose their operating leverage trading off higher fixed costs for lower variable costs. Operating leverage governs firms’ exposures to an aggregate labor productivity shock. In...
Paul Seabright, Jonathan Stieglitz et Karine Van Der Straeten
vol. 3, 2021
Political philosophers have long drawn explicitly or implicitly on claims about the ways in which humanbehaviour is shaped by interactions within society. These claims have usually been based on introspection,anecdotes or casual empiricism, but recent empirical research has informed a number of...
Jonathon McPhetres, Bence Bago et Gordon Pennycook
décembre 2021
Generally, it is assumed that a primary source of contention surrounding science is political and, therefore, that partisan disagreement drives attitudes about various science topics. Other models focus on the roles of basic science knowledge and cognitive sophistication, arguing that these...
