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Mounu Prem
n° 22-141, juin 2022
We study the relationship between political regimes, education, and redistribution, fo-cusing on the 1973 coup that brought Augusto Pinochet to power in Chile. We show that the Pinochet dictatorship’s aims of political control and fiscal conservatism led to a sharp reduction in openings for new...
Tim Ederer
n° 22-1340, juin 2022
This paper provides a unifying framework of one-to-one and many-to-one matching without transfers and investigates how data on realized matches can be leveraged to identify preferences of participating agents. I find that, under parsimonious assumptions on preferences, one can only identify the...
Marc Ivaldi, Emile Quinet et Celia Ruiz Mejia
n° 22-1385, juin 2022
The objective of this paper is to estimate the extent of agglomeration externalities taking into account the direct and indirect impacts of transport exposure on productivity. To do so, we take advantage of a rich data infrastructure that combines very fine georeferenced infra-municipality data on...
Jean-Paul Azam
n° 22-143, juin 2022
This paper shows how careful strategic thinking outperforms hasty ethical judgment to produce peace. It uses a provocation model to explain why the initial Muslim coalition against southern Christians broke up in Sudan and Chad thanks to much vilified pipelines. The need to cooperate was made...
Manon Costa, Sébastien Gadat et Lorick Huang
n° 22-1342, juin 2022, révision novembre 2023
This article studies and solves the problem of optimal portfolio allocation with CV@R penalty when dealing with imperfectly simulated financial assets. We use a Stochastic biased Mirror Descent to find optimal resource allocation for a portfolio whose underlying assets cannot be generated exactly and...
Franziska Funke, Linus Mattauch, Inge van den Bijgaart, Charles Godfray, Cameron Hepburn, David Klenert, Marco Springmann et Nicolas Treich
vol. 16, n° 2, juin 2022, p. 219–240
Livestock is known to contribute significantly to climate change and to negatively impact global nitrogen cycles and biodiversity. However, there has been little research on economically efficient policies for regulating meat production and consumption. In the absence of first-best policy...
Henrik Paul Lopuhaä, Valérie Gares et Anne Ruiz-Gazen
n° 22-1343, juin 2022
We provide a unified approach to S-estimation in balanced linear models with structured covariance matrices. Of main interest are S-estimators for linear mixed effects models, but our approach also includes S-estimators in several other standard multivariate models, such as multiple regression,...
Estelle Medous, Camelia Goga, Anne Ruiz-Gazen, Jean-François Beaumont, Alain Dessertaine et Pauline Puech
n° 22-1344, juin 2022
n this paper, we investigate how a big non-probability database can be used to improve estimates from a small probability sample through data integration techniques. In the situation where the study variable is observed in both data sources, Kim and Tam (2021) proposed two design-consistent...
Christian Gollier, Frederick van der Ploeg et Jiakun Zheng
n° 22-1345, juin 2022
We survey the attitude towards the risk-adjustment of efficient discount rates among the economics profession. Three-fourth of our respondents recommend adjusting discount rates to the risk profile of the project under scrutiny, in clear opposition to the standard practice of using a single...
n° 22-1347, juin 2022
