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Matthieu Bouvard, Bruno Jullien et David Martimort
n° 26-1699, novembre 2025
We study how the organizational structure of producers affects competition between systems. We model systems as differentiated bundles of complementary components, where components within each system are produced either by a single firms (integration) or by two distinct firms (disintegration). When...
César Hidalgo
Penguin, novembre 2025
We all understand that knowledge shapes the fate of business and the growth of nations, but few of us are aware of the principles that govern its motion. The Infinite Alphabet unravels the laws describing the growth and diffusion of knowledge by taking you from a failed attempt to build a city of...
Frédéric Cherbonnier, Christian Gollier et Aude Pommeret
novembre 2025
Standard evaluations of public policies involve discounting the flow of expected net benefits at a unique discount rate. Consequently, they systematically ignore the insurance benefits of policies that hedge the aggregate risk, and the social cost of projects that raise the aggregate...
Andrew Rhodes et Yang Yang
n° 25-1695, novembre 2025
We provide a novel pro-competitive rationale for resale price maintenance (RPM). We consider a model where some consumers are fully informed about downstream prices while other consumers are not. When an upstream manufacturer imposes a floor on downstream prices, this qualitatively changes...
Marcel Boyer et Molivann Panot
n° 25-1692, novembre 2025
This paper reports CEO compensation data from the SEC as of December 31, 2022, for all S&P 500 firms, regrouped into 10 industries based on the Bloomberg classification. It presents the breakdown of the corresponding CEO's compensation, showing the proportion of incentive components in total...
n° 25-1691, novembre 2025
This article examines the evolution of inequality since 1920, highlighting the need to rebalance research and public debate toward the forms of inequality that matter most for social welfare. While income and wealth disparities have received overwhelming attention in academia and public policy...
Stefan Ambec, Henrik Andersson, Stéphane Cezera, Ayşegül Kanay, Benjamin Ouvrard, Luca A. Panzone et Sebastian Simon
n° 25-1690, novembre 2025, révision janvier 2026
What can be done to reduce the carbon footprint of consumption? To answer this, we conducted an online shopping experiment that tested the effects of two policy tools: a carbon tax (at two levels) and a behavioral nudge in the form of a traffic light-style label indicating a product’s carbon...
Marine Coinon
n° 25-1689, novembre 2025
The coexistence of conventional and low-input farming methods transforms what appears to be an indi-vidual optimization problem into a collective action dilemma that subsidies and landscape features alone cannot resolve. This paper provides the first large-scale, field-level causal evidence of how...
Jacques Crémer
vol. N° 11-2025, novembre 2025
Nicolas Treich
Cambridge University Press, novembre 2025
Why does animal welfare matter? For some, it is because people care about animals; for others, it is because animals themselves are morally relevant. Given the importance of welfare in economics research and the debates around climate change and biodiversity loss, more economists are becoming...
