Jump to navigation
Radia Bacha et Farid Gasmi
n° 22-1309, février 2022
Digital transformation engendered by ICT advances, most notably broadband, pertains to many sectors that are known to drive economic development. This paper seeks to highlight market structure, institutional, and socio-economic factors that influence broadband adoption in Algeria. We apply to a...
Farid Gasmi, Laura Recuero Virto et Denis Couvet
n° 22-1307, février 2022
This paper analyzes the determinants of economic growth in coastal economies with the purpose of highlighting the impact of human activity pressure on mangrove blue carbon (BC). We use a Bayesian Model Averaging-based estimation technique to fit alternative growth theories to 1960-2009 data on a BC...
Georges Casamatta, Sauveur Giannoni, Daniel Brunstein et Johan Jouve
vol. 88, n° 104433, février 2022
The literature on short-term rental emphasises the heterogeneity of the hosts population. Some argue that professional and opportunistic hosts differ in terms of their pricing strategy. This study highlights how differences in market perception and information create a price differential between...
Matteo Bobba, Luca Flabbi et Santiago Levy
vol. 63, n° 1, février 2022, p. 211–259
We develop a search and matching model where matches (jobs) can be formal or informal. Workers choose their level of schooling and search for an employee job either as unemployed or as self-employed. Firms post vacancies in each schooling market, decide the formality status of the job, and bargain...
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...
François Salanié et Vera Zaporozhets
vol. 24, n° 1, février 2022, p. 140–158
We analyze the problem of allocating irrigation water among heterogeneous farmers when water supply is stochastic. If farmers are risk-neutral, a spot market for water is efficient; while the oft-used uniform rationing system is inefficient, both ex ante and ex post. Indeed, we show that it leads...
Nicolas Treich
février 2022
As is customary in economics, the Dasgupta Review on the economics of biodiversity adopts an anthropocentric approach: that is, among the millions of species on Earth, the Review accords a moral value to only one species; ours. Building on the literature in ethics, I explain why it is morally...
Laurent Gobillon, Thierry Magnac et Sébastien Roux
n° 22-1299, février 2022
We derive wage equations with individual specic coe¢ cients from a structural model of human capital investments over the life-cycle. This model allows for interruptions in labor market participation, and addresses missing data and attrition issues. We further control for selection in a exible way...
Emiliano Catonini et Antonio Penta
n° 22-1298, février 2022
Backward Induction is a fundamental concept in game theory. As an algorithm, it can only be used to analyze a very narrow class of games, but its logic is also invoked, albeit informally, in several solution concepts for games with imperfect or incomplete informa-tion (Subgame Perfect Equilibrium,...
Jean-Paul Décamps et Stéphane Villeneuve
n° 22-1301, février 2022
We study a dynamic model of a rm whose shareholders learn about its profitability, face costs of external nancing and costs of holding cash. The shareholders' problem involves a notoriously challenging singular stochastic control problem with a two-dimensional degenerate diffusion process. We solve...
