Recherche avancée

Edmond Baranes, Ulrich Hege et Jin-Hyuk Kim

vol. 264, n° 112964, mai 2026

We present a stylized model of three entrepreneurial financing methods based on two tradeoffs. First, token financing and crowdfunding reveal consumer-investors’ demand for the product prior to investment, but upfront purchase weakens the entrepreneur’s incentive to deliver. Second, token financing...

Marion Hoffman

vol. 76, n° 1, 19 mai 2026, p. 173–180, 8 pages

Christian Gollier

n° 26-1762, avril 2026

Within the same sector, technologies yielding larger variable costs are more sensitive to disruptions during a recession. For this reason, assets lower in the merit order should be valued using a larger risk-adjusted discount rate. We characterize the efficient discount rates along the...

Thomas Bassanetti, Adrien Blanchet, Stéphane Cezera, Maxime Delacroix, Ramon Escobedo, Clément Sire et Guy Théraulaz

vol. 15, n° 49, avril 2026, p. 1–43

In the digital era, human cooperation is increasingly mediated by indirect social cues such as ratings, reviews, and other digital traces left in online environments. These traces often guide collective behavior via stigmergy, a coordination mechanism whereby individuals interact through...

Léa Bignon

n° 26-1743, avril 2026

Digital health technologies, such as Continuous Glucose Monitors (CGMs), are transforming the availability of patient-level data, potentially influencing other healthcare markets. This paper examines how CGMs influence the insulin market, shedding light on the impact of digital health technologies...

Doh-Shin Jeon et Mikhail Drugov

n° 26-1742, avril 2026

This paper studies the incentives of a subscription-funded platform that offers both proprietary and third-party content to bias its recommendations about which con tent users should consume. Consistent with Netflix’s practice, we consider fixed-fee bargaining between the platform and a content...

Chiara Canta, Leonardo Madio, Andrea Mantovani et Carlo Reggiani

n° 26-1741, avril 2026

Online platforms connecting physicians and patients are increasingly com-mon and often operate in heavily regulated contexts. We consider a platform that provides cost-reducing services for physicians and quality-enhancing ser-vices for patients. The platform also improves the matching between...

Atef Lechiheb

n° 26-1740, avril 2026

Marion Hoffman et Per Block

n° qnag057, avril 2026

It is increasingly common to study mobility and migration of individuals between social and physical locations as networks in which locations are nodes connected by mobile people. This conceptualization as mobility networks facilitates the analysis of how individuals influence one another in their...

Javier Gonzalez Morin et David Martimort

n° 26-1739, avril 2026

We consider the following screening model of procurement. An agent (the seller) has private information on his cost parameter. A principal (the buyer) learns an ex post signal on this parameter. The signal is private information to the principal and proper incentives to reveal this signal must be...