Recherche avancée

Augustin Tapsoba

n° 21-1240, août 2021, révision août 2022

This paper studies how short-term changes in aggregate economic conditions influence family formation outcomes in the presence of polygyny. It develops a simple marriage market framework with overlapping generations in which polygyny is modeled as a sequential one-to-one matching, and bride price...

Takuro Yamashita et Roberto Sarkisian

n° 21-1241, août 2021

In many mechanism design problems in practice, often allocation externality exists (e.g., peer effects in student allocation, and post-license com- petition in oligopoly). Despite the practical importance, mechanism design with allocation externality has not been much explored in the literature,...

Takuro Yamashita et Shuguang Zhu

n° 21-1242, août 2021

We study a mechanism design problem where the principal can also manipulate the agent’s information about a payoff-relevant state. Jointly designing information and allocation rule is proved equivalent to certain multi-dimensional screening problem. Based on this equivalence, when the agent’s types...

Catarina Goulão et Agustín Pérez-Barahona

n° 21-1236, juillet 2021, révision juin 2023

We look at how social norms regarding health affect the dynamics of an epi-demic of non-communicable chronic diseases (NCDs). We present an overlapping generations model in which agents live for three periods (childhood, adulthood and old age). Adulthood consumption choices have an impact on the...

Sreemati Mitter

vol. 50, n° 3, juillet 2021, p. 39–42

This essay attempts to rectify the silence about the willful expropriation, by British and Israeli forces, of private Palestinian financial assets. Placing at its core the stories of ordinary Palestinians, it explores how they were robbed of their bank accounts, bonds, stocks, pensions, salaries,...

Tim Caro, Haji Hamad, Suleiman Rashid, Ulrike Kloiber, Victoria M. Morgan, Ossi Nokelainen, Barnabas Caro, Ilaria Pretelli, Neil Cumberlidge et Monique Borgerhoff Mulder

vol. 55, n° 4, juillet 2021, p. 556–563

The coconut crab Birgus latro, the largest terrestrial decapod, is under threat in most parts of its geographical range. Its life cycle involves two biomes (restricted terrestrial habitats near the coast, and salt water currents of the tropical Indian and Pacific Oceans). Its dependence on coastal...

Christian Gouriéroux, Alain Monfort, Sarah Mouabbi et Jean-Paul Renne

n° 21-1237, juillet 2021

We define a disastrous default as the default of a systemic entity, which has a negative effect on the economy and is contagious. Bringing macroeconomic structure to a no-arbitrage asset pricing framework, we exploit prices of disaster-exposed assets (credit and equity derivatives) to extract...

Bruno Jullien, Alessandro Pavan et Marc Rysman

n° 21-1238, juillet 2021

The chapter has 9 sections, covering the theory of two-sided markets and related empirical work. Section 1 introduces the reader to the literature. Section 2 covers the case of markets dominated by a single monopolistic rm. Section 3 discusses the theoretical literature on competition for the...

Claire Borsenberger, Helmuth Cremer, Denis Joram, Jean-Marie Lozachmeur et Estelle Malavolti

n° 21-1230, juillet 2021

We study the design of environmental policy in the e-commerce sector and examine two main questions. First, what is the appropriate level of intervention along the value chain. Second, which instruments should be used at a specic level in the vertical chain? We consider a model with two retailers/...

Matteo Bobba, Tim Ederer, Gianmarco Leon-Ciliotta, Christopher Neilson et Marco Nieddu

n° 21-1232, juillet 2021, révision mars 2024

We exploit data on the universe of public-school teachers and students in Peru´ to establish that wage rigidity makes teachers choose schools based on non-pecuniary factors, magnifying the existing urban-rural gap in student achievement. Leveraging a reform in the teacher compensation structure, we...