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Marco Battaglini et Bård Harstad
vol. 128, n° 2, février 2020, p. 544–590
In recent decades, democratic countries have negotiated hundreds of international treaties and agreements. This paper analyzes the equilibrium design of treaties negotiated by political incumbents seeking reelections. We show that incumbents are prone to negotiate treaties that are "weak" in that...
Marie-Laure Allain, Claire Chambolle, Patrick Rey et Sabrina Teyssier
n° 20-1062, janvier 2020
In a vertical chain in which two rivals invest before contracting with one of two competing suppliers, partial vertical integration may create hold-up problems for the rival. We develop an experiment to test this theoretical prediction in two setups, in which suppliers can either pre-commit ex ante...
Rumilda Cañete, Josepa Miquel-Florensa, Stéphane Straub et Karine Van Der Straeten
n° 20-1063, janvier 2020, révision 27 janvier 2021
This paper challenges the conventional wisdom that giving voters more power{both formally through the use of more "open" electoral systems and informally through easier access to information on politicians' wrongdoings will necessarily result in them voting corrupt politicians out of office....
Anna Sanktjohanser (Yale University; TSE)
Toulouse, janvier 2020
Jörn Boehnke et Victor Gay
n° 20-1064, janvier 2020
Using spatial variation in World War I military fatalities in France, we show that the scarcity of men due to the war generated an upward shift in female labor force participation that persisted throughout the interwar period. Available data suggest that increased female labor supply accounts for...
Alexander Mackay (Harvard University)
Jean-Charles Rochet, Max Reppen et Mete Soner
vol. 30, n° 1, janvier 2020, p. 228–259
We study an optimal dividend problem under a bankruptcy constraint. Firms face a trade‐off between potential bankruptcy and extraction of profits. In contrast to previous works, general cash flow drifts, including Ornstein–Uhlenbeck and CIR processes, are considered. We provide rigorous proofs of...
Zhenqi Liu (University of Pennsylvania)
Alban Thomas, Claire Lamine, Benjamin Allès, Yuna Chiffoleau, Antoine Doré, Sophie Dubuisson-Quellier et Mourad Hannachi
n° 20-1068, janvier 2020, révision avril 2020
We discuss in this paper the role of the economic and social organization in agriculture and the food industry, in relation with the Health-Agriculture-Food-Environment (HAFEN) concept. The aim is to better understand the potential impact of the implementation of this concept in food consumption...
Jonathan Stieglitz, Felicia C. Madimenos, Melissa Liebert, Tara J. Cepon-Robins, Samuel Urlacher, J. Josh Snodgrass et Lawrence Sugiyama
vol. 171, n° 1, janvier 2020, p. 50–64
This study investigates bone density across the life course among Bolivian Tsimane and Ecuadorian Shuar of Amazonia. Both groups are rural, high‐fertility forager‐horticulturalists, with high lifetime physical activity levels. We test whether Tsimane and Shuar bone density patterns are different...