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Stefan Ambec et Jessica Coria
vol. 199, n° 104439, juillet 2021
We propose informational spillovers as a new rationale for the use of multiple policy instruments to mitigate a single externality. We investigate the design of a pollution standard when the firms’ abatement costs are unknown and emissions are taxed. A firm might abate pollution beyond what is...
Xavier D'Haultfoeuille, Christophe Gaillac et Arnaud Maurel
vol. 12, n° 3, juillet 2021, p. 817–842
In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in two dierent datasets that cannot be matched. We...
Doh-Shin Jeon, Bruno Jullien et Mikhail Klimenko
vol. 131, n° 103439, juillet 2021
The dominance of English language content on the Internet raises a question of how consumer bilingualism in a given country a§ects the amount of home language content and the countryís welfare. We address this question by studying two-sided market competition between a foreign and a domestic...
Sébastien Gadat, Lola Corre, Antoine Doury, Aurélien Ribes et Samuel Somot
n° 21-1233, juillet 2021
Providing reliable information on climate change at local scale remains a challenge of first importance for impact studies and policymakers. Here, we propose a novel hybrid downscaling method combining the strengths of both empirical statistical downscaling methods and Regional Climate Models (RCMs...
Sébastien Gadat, Bernard Bercu, Jérémie Bigot et Emilia Siviero
n° 21.1231, juillet 2021
We introduce a new second order stochastic algorithm to estimate the entropically regularized optimal transport cost between two probability measures. The source measure can be arbitrary chosen, either absolutely continuous or discrete, while the target measure is assumed to be discrete. To solve...
Manvir Singh, Alberto Acerbi, Christine Caldwell, Etienne Danchin, Guillaume Isabel, Lucas Molleman, Thom Scott-Philips, Monica Tamariz, Pieter Van der Berg, Edwin Van Leeuwen et Maxime Derex
vol. 376, n° 1828, juillet 2021
Cultural evolution requires the social transmission of information. For this reason, scholars have emphasized social learning when explaining how and why culture evolves. Yet cultural evolution results from many mechanisms operating in concert. Here, we argue that the emphasis on social learning...
Matthew Gentry
Online, juin 2021
Marleen Marra
Manvir Singh
vol. 13, n° 3, juin 2021
Jean-Paul Azam
vol. 4, n° 1, juin 2021
