Recherche avancée

Alexandre Cornière (de) et Greg Taylor

vol. 50, n° 4, 2019, p. 854–882

We study situations in which consumers rely on a biased intermediary’s advice when choosing among sellers. We introduce the notion that sellers’ and consumers’ payoffs can be congruent or conflicting, and show that this has important implications for the effects of bias. Under congruence, the firm...

Pauline Gonnord, Megan Costa, M. Peres, Sébastien Gadat et S. Valitutti

vol. 8, n° 4, 2019

Christian Gouriéroux, Alain Monfort et Jean-Michel Zakoïan

vol. 87, n° 1, 2019, p. 327–345

In a transformation model , where the errors are i.i.d. and independent of the explanatory variables , the parameters can be estimated by a pseudo‐maximum likelihood (PML) method, that is, by using a misspecified distribution of the errors, but the PML estimator of is in general not consistent. We...

Cristina Gualdani et Shruti Sinha

n° 19-1049, novembre 2019, révision juin 2020

We study identification of preferences in a single-agent, static, discrete choice model where the decision maker may be imperfectly informed about the utility generated by the available alternatives. We impose no restrictions on the information frictions the decision maker may face and impose weak...

Luke Glowacki, Samuel Mehr, Manvir Singh, Dean Knox, Daniel Ketter, Daniel Pickens-Jones, S. Atwood, Christopher Lucas, Nori Jacoby, Alena Egner, Erin Hopkins, Rhea Howard, Joshua Hartshorne, Mariela Jennings, Jan Simson, Constance Bainbridge, Steven Pinker, Timothy O'Donnell et Max Krasnow

vol. 366, n° 6468, novembre 2019

Patrick Fève, Pablo Garcia Sanchez, Alban Moura et Olivier Pierrard

n° 19-1048, novembre 2019

We augment a simple Real Business Cycle model with financial intermediaries that may default on their liabilities and a financial friction generating social costs of default. We provide a closed-form solution for the general equilibrium of the economy under specific assumptions, allowing for...

Boris Van Leeuwen et Ingela Alger

n° 19-1056, novembre 2019, révision novembre 2023

Theory suggests that a form of Kantian morality has evolutionary founda- tions. To investigate the relative importance of Kantian morality and social preferences, we run a laboratory experiment on strategic interaction in social dilemmas. We struc- turally estimate social preferences and Kantian...

Jean-François Bonnefon, Fatimah Ishowo-Oloko, Zakariyah Soroye, Jacob W. Crandall, Iyad Rahwan et Tahal Rahwan

vol. 1, novembre 2019, p. 517–521

Recent advances in artificial intelligence and deep learning have made it possible for bots to pass as humans, as is the case with the recent Google Duplex—an automated voice assistant capable of generating realistic speech that can fool humans into thinking they are talking to another human. Such...

Ingela Alger et Donald Cox

novembre 2019, 32 pages

David Austen-Smith, Wioletta Dziuda, Bård Harstad et Antoine Loeper

vol. 14, n° 4, novembre 2019, p. 1483–1534

Why do rational politicians choose ine¢ cient policy instruments? Environmental regulation for example, often takes the form of technology standards and quotas even when cost-effective Pigou taxes are available. To shed light on this puzzle, we present a stochastic game with multiple legislative...