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Clare Leaver, Owen Ozier, Pieter Serneels et Andrew Zeitlin
vol. 111, n° 7, juillet 2021, p. 2213–2246
This paper reports on a two-tiered experiment designed to separately identify the selection and effort margins of pay for performance (P4P). At the recruitment stage, teacher labor markets were randomly assigned to a "pay-for-percentile" or fixed-wage contract. Once recruits were placed, an...
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...
Sébastien Gadat, Bernard Bercu, Jérémie Bigot et Emilia Siviero
n° 21.1231, juillet 2021
We introduce a new second order stochastic algorithm to estimate the entropically regularized optimal transport cost between two probability measures. The source measure can be arbitrary chosen, either absolutely continuous or discrete, while the target measure is assumed to be discrete. To solve...
Sébastien Gadat, Lola Corre, Antoine Doury, Aurélien Ribes et Samuel Somot
n° 21-1233, juillet 2021
Providing reliable information on climate change at local scale remains a challenge of first importance for impact studies and policymakers. Here, we propose a novel hybrid downscaling method combining the strengths of both empirical statistical downscaling methods and Regional Climate Models (RCMs...
Christian Belzil, Julie Pernaudet et François Poinas
n° 21-1234, juillet 2021
Imagine the situation in which an econometrician can infer the distribution of welfare gains induced by the provision of higher education nancial aid using survey data obtained from a set of individuals, and can estimate the same distribution using a highly incentivized eld experiment in which the...
François Salanié et Vera Zaporozhets
n° 21-1235, juillet 2021
We analyze the problem of allocating irrigation water among het- erogenous farmers when water supply is stochastic. If farmers are risk-neutral, a spot market for water is e¢ cient; while the oft-used uniform rationing system is ine¢ cient, both ex-ante and ex-post. In- deed, we show that it leads...
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...
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...
