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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
Jihyun Kim, Joon Park et Bin Wang
vol. 37, n° 5, octobre 2021, p. 926–958
In the paper, we introduce and analyze a new methodology to estimate the volatility functions of jump diffusion models. Our methodology relies on the standard kernel estimation technique using truncated bipower increments. The relevant asymptotics are fully developed, which allow for the time span...
Frédéric Cherbonnier et Christophe Lévêque
n° 21-1255, octobre 2021
Competition can theoretically counter or reinforce tendency of experts to pass biased information to customers. Using data from an online company connecting real estate brokers with clients who want to sell their properties, we show that more competition or lower opportunity to collude induce...
Emmanuelle Auriol, Claude Crampes et Antonio Estache
octobre 2021
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...
Yeon-Koo Che, Elisabetta Iossa et Patrick Rey
vol. 88, n° 5, octobre 2021, p. 2149–2178
Procuring an innovation involves motivating a research effort to generate a new idea and then implementing that idea efficiently. If research efforts are unveriable and implementation costs are private information, a trade-off arises between the two objectives. The optimal mechanism resolves the...
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...
Kostanca Dhima, Sona Golder, Laura Stephenson et Karine Van Der Straeten
vol. 73, n° 102381, octobre 2021
Existing research about the effects of electoral systems on descriptive representation is mixed. In this paper, we test implications of theoretical arguments about the impact of electoral rules on voters’ propensity to vote for women candidates. We conducted a survey experiment during the 2017...
Yuzuru Kumon
n° 21-124, octobre 2021
How unequal were the commons preceding their enclosure in the 18th-19th cen-turies? This paper uses data from the parliamentary enclosure acts to estimate in-equality. Inclusive of the landless, I find gini coefficients ranged from 0.65-0.82 while the landless typically composed 40-50% of the...
Linqun Liu et Nicolas Treich
This paper studies the role of risk attitudes in determining the optimality of winner-take-all contests. We compare the typical singlewinner lottery contest with two alternatives, both spreading the rewards to more players: through holding multiple prize-giving lottery competitions or through...
