Recherche avancée

Yuzuru Kumon

n° 22-138, mars 2022

Despite its sophistication, Early Modern Japan, 1600-1868, had among the lowest real wage levels ever recorded, half of those in pre-industrial England. This paper resolves this puzzle by considering the more equal landownership distribution in Japan relative to Europe. Due to institutional...

Renato Gomes, Jean-Marie Lozachmeur et Lucas Maestri

n° 22-1326, mars 2022

We study oligopolistic competition by firms practicing second-degree price discrimination. In line with the literature on demand estimation, our theory allows for comovements between consumers’ taste for quality and propensity to switch brands. If low-type consumers are sufficiently less (more) brand...

Koen Jochmans

vol. 212, n° 110318, mars 2022

This note looks at the properties of instrumental-variable estimators of models for non-negative outcomes in the presence of individual effects. We show that fixed-effect versions of the estimators of Mullahy (1997) and Windmeijer and Santos Silva (1997) are inconsistent under conventional...

Marijn Keijzer et Michael Mas

vol. 5, n° 1, mars 2022, p. 1–28

There is public and scholarly debate about the effects of personalized recommender systems implemented in online social networks, online markets, and search engines. Some have warned that personalization algorithms reduce the diversity of information diets which confirms users’ previously held...

Michele Polo et Patrick Rey

n° 22-1316, mars 2022, révision octobre 2024

This paper analyses the impact on antitrust enforcement of commitments, a tool introduced in Europe by the Modernization reform of 2003, and intensively used since then by the European Commission and by National Competition Agencies. We consider a setting where a firm can adopt a costly practice...

Felix Bierbrauer, Aleh Tsyvinski et Nicolas Werquin

vol. 112, n° 2, février 2022, p. 689–719

We develop a model of political competition with endogenous turnout andendogenous platforms. Parties trade o incentivizing their supporters to voteand discouraging the supporters of the competing party from voting. We showthat the latter objective is particularly pronounced for a party with an edge...

Marie Lalanne et Paul Seabright

février 2022, p. 1–20

We investigate the impact of professional networks on men's and women's earnings, using a dataset of European and North American executives. The size of an individual's network of influential former colleagues has a large positive association with remuneration, with an elasticity of around 21%....

Jan Stuckatz

vol. 116, n° 1, février 2022, p. 54 – 69

How important is the workplace for employees’ political donations? Contrary to research on workplace political mobilization, existing work assumes that most individual donors contribute ideologically. I link donations of employees and Political Action Committees (PACs) from 12,737 U.S. public...

Pablo Munoz et Mounu Prem

n° 22-131, février 2022

Governments face many constraints in attracting talented managers to the public sector, where high-powered incentives are often absent. In this paper, we study how a civil service reform in Chile changed the effectiveness of a vital group of public sector managers, school principals. We measure...

Pablo Munoz et Mounu Prem

n° 22-1303, février 2022

Governments face many constraints in attracting talented managers to the public sector, where high-powered incentives are often absent. In this paper, we study how a civil service reform in Chile changed the effectiveness of a vital group of public sector managers, school principals. We measure...