Recherche avancée

Sereeparp Anantavrasilp, Abe De Jong, Douglas V. DeJong et Ulrich Hege

n° 19-1045, octobre 2019

This paper focuses on dominant owners’ use of leverage to finance their blockholdings and its relationship to dividend policy. We postulate that blockholder leverage may impact payout policy, in particular when earnings are hit by a negative shock. We use panel data for France where blockholders...

Xavier D'Haultfoeuille, Isis Durrmeyer et Philippe Février

vol. 86, n° 5, octobre 2019, p. 1973–1998

In markets where sellers are able to price discriminate, individuals pay different prices that may be unobserved by the econometrician. This paper considers the structural estimation of a demand and supply model à la Berry et al. (1995) with such price discrimination and limited information on...

Francesc Dilmé et Daniel F. Garrett

vol. 17, n° 5, octobre 2019, p. 1654–1686

Successes of law enforcement in apprehending offenders are often publicized events. Such events have been found to result in temporary reductions in of- fending, or “residual deterrence”. We provide a theory of residual deterrence which accounts for the incentives of both enforcement officials and...

Arnaud Pocheville, Sabine Noebel, Guillaume Isabel et Etienne Danchin

vol. 366, n° 6462, 11 octobre 2019

Thornquist and Crickmore claim that systematic experimental error may explain the results of Danchin and colleagues. Their claim rests on mistakes in their analyses, for which we provide corrections. We reassert that conformity in fruitflies predicts long-lasting mate-preference traditions.

Y. De Castro, Sébastien Gadat, Clément Marteau et Cathy Maugis

n° 19-1040, septembre 2019, révision septembre 2020

Francesca Barigozzi, Helmuth Cremer et Kerstin Roeder

vol. 118, septembre 2019, p. 37–50

The tax regimes applied to couples in many countries including the US, France, and Germany imply either a marriage penalty or a marriage bonus. We study how they affect the decision to get married by considering two potential spouses who play a marriage proposal game. At the end of the game they...

Philippe Bontems et Céline Nauges

vol. 46, n° 4, septembre 2019, p. 579–608

Vincent Réquillart, Xavier Irz, J. Jensen, Pascal Leroy et Louis-Georges Soler

vol. 99, septembre 2019, p. 169–177

We investigate ex-ante the effects of promoting simple climate-friendly diet recommendations in Denmark, Finland and France, with the objective of identifying cost-beneficial recommendations that lower greenhouse gas emissions and improve public health. The simulation approach combines a...

Fabien Gensbittel

vol. 9, n° 3, septembre 2019, p. 671–699

We study a two-player zero-sum stochastic differential game with asymmetric information where the payoff depends on a controlled continuous-time Markov chain X with finite state space which is only observed by player 1. This model was already studied in Cardaliaguet et al (Math Oper Res 41(1):49–71...

Francesca De Petrillo et Alexandra Rosati

vol. 40, n° 5, septembre 2019, p. 436–446

Humans can use an intuitive sense of statistics to make predictions about uncertain future events, a cognitive skill that underpins logical and mathematical reasoning. Recent research shows that some of these abilities for statistical inferences can emerge in preverbal infants and non-human...