Recherche avancée

Lukas Dargel

vol. 2, n° 10, octobre 2021

This article develops improved calculation techniques for estimating the spatial econometric interaction model of LeSage and Pace (2008) by maximum likelihood (MLE), Bayesian Markov Chain Monte Carlo (MCMC) and spatial two-stage least-squares (S2SLS). The refined estimation methods derive the...

Cristina Gualdani

vol. 224, n° 2, octobre 2021, p. 345–370

We study identification of the players’ preferences in a network formation game featuring complete information, nonreciprocal links, and a spillover effect. We decompose the network formation game into local games such that the network formation game is in equilibrium if and only if each local game...

India Schneider-Crease, Aaron D. Blackwell, Thomas S. Kraft, Melissa Emery Thompson, Ivan Maldonado Suarez, Daniel Cummings, Jonathan Stieglitz, Noah Snyder-Mackler, Michael Gurven, Hillard Kaplan et Benjamin C. Trumble

vol. 9, n° 1, octobre 2021, p. 349–359

Koen Jochmans

n° 21-1276, 29 octobre 2021

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...

Frédéric Cherbonnier, David Salant et Karine Van Der Straeten

n° 21-1254, septembre 2021

An auction of transport capacity can only roll forward if competitive bidders show up at the start. To characterize bidding behavior, we develop a model with a single incumbent potentially in competition with a single challenger; should the challenger obtain slots, the two firms will engage post-...

Frédéric Cherbonnier

n° 21-1256, septembre 2021

We examine the provision of insurance against non-observable liquidity shocks for time-inconsistent agents who can privately store resources. When lack of self-control is strong enough, optimal contracts are similar to individual nancial accounts with remunerated savings and costly borrowing. The...

Frédéric Cherbonnier

n° 21-123, septembre 2021

We examine the provision of insurance against non-observable liquidity shocks for time-inconsistent agents who can privately store resources. When lack of self-control is strong enough, optimal contracts are similar to individual nancial accounts with remunerated savings and costly borrowing. The...

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...

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...

Eric Reinhart et Daniel L. Chen

septembre 2021

Mass incarceration is known to foster infectious disease outbreaks, amplification of infectious diseases in surrounding communities, and exacerbation of health disparities in disproportionately policed communities. To date, however, policy interventions intended to achieve epidemic mitigation in US...