Recherche avancée

Takuro Yamashita et Takeshi Murooka

n° 21-1245, septembre 2021

We study an adverse selection environment, where a rational seller can trade a good of which she privately knows its value to a buyer, and there are gains from trade. The buyer’s types differ in their degree of inferential abilities: A rational type correctly infers the value of the good from the...

Laura Doval et Alex Smolin

n° 21-1247, septembre 2021

We study the payoffs that can arise under some information structure from an interim perspective. There is a set of types distributed according to some prior distribution and a payoff function that assigns a value to each pair of a type and a belief over the types. Any information structure induces...

Takuro Yamashita et Takeshi Murooka

n° 21-1244, septembre 2021

We consider an adverse selection environment between an informed seller and an uninformed buyer, where no trade occurs when all buyers are rational. The buyer may be a “behavioral” type in the sense that he may take actions different from a rational type. We show that, for any incentive-feasible...

Milo Bianchi et Marie Brière

n° 21-1251, septembre 2021, révision mars 2024

We study the introduction of robo-advising on a large set of Employee Saving Plans. Differently from many services that fully automate portfolio decisions, our robo-advisor proposes investment and rebalancing strategies, leaving investors free to follow or ignore them. The resulting human-robot...

Bertrand Achou, Philippe De Donder, Franca Glenzer, Minjoon Lee et Marie-Louise Leroux

n° 21-1249, septembre 2021

COVID-19 outbreaks at nursing homes during the recent pandemic, which received ample media coverage, may have lasting negative impacts on individuals’ perceptions regarding ursing homes. We argue that this could have sizable and persistent implications for savings and long-term care policies. We...

Fabrice Collard et Omar Licandro

n° 21-1246, septembre 2021

This paper embeds firm dynamics into the Neoclassical model and provides a simple framework to solve for the transitional dynamics of economies moving towards more selection. As in the Neoclassical model, markets are perfectly competitive, there is only one good and two production factors (capital...

Jérôme Bolte, Lilian Glaudin, Edouard Pauwels et Matthieu Serrurier

n° 21-1243, septembre 2021

We present a new algorithm to solve min-max or min-min problems out of the convex world. We use rigidity assumptions, ubiquitous in learning, making our method applicable to many optimization problems. Our approach takes advantage of hidden regularity properties and allows us to devise a simple...

Stephanie Assad, Emilio Calvano, Giacomo Calzolari, Robert Clark, Daniel Ershov, Justin Johnson, Sergio Pastorello, Andrew Rhodes, Lei XU, Matthijs Wildenbeest et Vincenzo Denicolò

vol. 37, n° 3, septembre 2021, p. 459–478

Markets are being populated with new generations of pricing algorithms, powered with Artificial Intelligence, that have the ability to autonomously learn to operate. This ability can be both a source of efficiency and cause of concern for the risk that algorithms autonomously and tacitly learn to...

Claude Crampes et Yassine Lefouili

n° 15, septembre 2021, p. 37–41

Cet article examine les arbitrages associés à la numérisation du secteur de l'énergie. Nous présentons les bons et mauvais côtés de la numérisation, en insistant sur son caractère énergivore, et étudions dans quelle mesure elle peut contribuer à rendre les systèmes énergétiques efficients et...

Raymond Duch, Laurence Roope, Mara Violato, MF Becerra, T. Robinson, Jean-François Bonnefon, Jorge Friedman, Peter Loewen, P. Mamidi, Alessia Melegaro, M. Blanco, Juan F. Vargas, J. Seither, P. Candio, AG Cruz, X. Hua, Adrian Barnett et Philip Clarke

vol. 118, n° 8, septembre 2021

How does the public want a COVID-19 vaccine to be allocated? We conducted a conjoint experiment asking 15,536 adults in 13 countries to evaluate 248,576 profiles of potential vaccine recipients that varied randomly on five attributes. Our sample includes diverse countries from all continents. The...