Recherche avancée

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...

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...

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...

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...

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...

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...

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...

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° 21-123, 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...

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...