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Simon Columbus, Catherine Molho, Francesca Righetti et Daniel Balliet
vol. 120, n° 3, mars 2021, p. 626–650
Philosophers and scientists have long debated the nature of human social interactions and the prevalence of mutual dependence, conflict of interests, and power asymmetry in social situations. Yet, there is surprisingly little empirical work documenting the patterns of interdependence that people...
Christian Gollier
vol. 192, n° 105189, mars 2021
David Bardey, Arturo Harker et Daniela Zuluaga
n° 21-1195, mars 2021
We evaluate the impact of a price cap regulation implemented in the Colombian pharmaceutical market between 2011 and 2014. To do so, we take advantage of a unique data set where we observe three sources of variation: i) differences across eighteen groups in the Anatomical Therapeutic Chemical (ATC...
Francesco Agostinelli, Ciro Avitabile et Matteo Bobba
n° 21-1196, mars 2021, révision octobre 2023
This paper provides novel insights into the science of scaling by examining an edu-cational mentoring program in Mexico. The analysis encompasses two independent field experiments, and seizes a unique opportunity to learn from the government’s implementation of the same intervention. While the...
Claude Crampes et Jérôme Renault
n° 21-1198, mars 2021
The producers of electricity using dispatchable plants rely on partially flexible technologies to match the variability of demand and intermittent renewables. We analyse flexibility in a two-stage decision process where production decided at the last moment is more costly than if it is planned in...
Marc Ivaldi et Jiekai Zhang
n° 21-1208, mars 2021
The empirical analysis of media platforms economics has often neglected the multi-homing behaviour of advertisers. Assuming away the cross-substitutability and/or complementarity between the advertising slots of dierent platforms could damage the quality and the robustness of counterfactual...
Emilio Calvano, Stephanie Assad, Giacomo Calzolari, Robert Clark, Vincenzo Denicolò, Daniel Ershov, Justin Johnson, Sergio Pastorello, Andrew Rhodes, Matthijs Wildenbeest et Lei XU
n° 21-1210, mars 2021
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...
n° 74, mars 2021, p. 1–24
I calibrate an eco-epidemiological age-structured SIR model of the B.1.1.7 covid variant on the eve of the vaccination campaign in France, under a stop-and-go lockdown policy. Three-quarters of the welfare benefit of the vaccine can be achieved with a speed of 100,000 full vaccination per day. A 1-...
Patrick Fève, Pablo Garcia Sanchez, Alban Moura et Olivier Pierrard
vol. 132, février 2021
We augment a simple Real Business Cycle model with financial intermediaries that may default on their liabilities and a financial friction generating social costs of default. We provide a closed-form solution for the general equilibrium of the economy under specific assumptions, allowing for...
Tiziano De Angelis, Fabien Gensbittel et Stéphane Villeneuve
vol. 46, n° 1, février 2021, p. 28–60
This paper studies a 2-players zero-sum Dynkin game arising from pricing an option on an asset whose rate of return is unknown to both players. Using filtering techniques we first reduce the problem to a zero-sum Dynkin game on a bi-dimensional diffusion (X; Y ). Then we characterize the existence...
