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Jérôme Renault et Bruno Ziliotto
vol. 124, novembre 2020, p. 122–139
We introduce the model of hidden stochastic games, which are stochastic games where players observe past actions and public signals on the current state. The natural state variable for these games is the common belief over the current state of the stochastic game. In this setup, we present an...
Jad Beyhum
vol. 24, novembre 2020, p. 688–702
This paper considers the problem of inference in a linear regression model with outliers where the number of outliers can grow with sample size but their proportion goes to 0. We apply an estimator penalizing the `1-norm of a random vector which is non-zero for outliers. We derive rates of...
Francesca Barigozzi, Helmuth Cremer et Kerstin Roeder
vol. 130, n° 103589, novembre 2020
We study long-term care (LTC) choices by families with mixed- or same-gender siblings. LTC can be provided either informally by children, or formally at home or in an institution. A social norm implies that daughters suffer a psychological cost when they provide less informal care than the average...
Arnaud Tognetti, Valérie Durand, Mélissa Barkat-Defradas et Astrid Hopfensitz
vol. 111, n° 4, novembre 2020, p. 823–839
The sound of the voice has several acoustic features that influence the perception of how cooperative the speaker is. It remains unknown, however, whether these acoustic features are associated with actual cooperative behaviour. This issue is crucial to disentangle whether inferences of traits from...
Emmanuelle Auriol, Julie Lassébie, Amma Panin, Eva Raiber et Paul Seabright
vol. 135, n° 4, novembre 2020, p. 1799–1848
This paper provides experimental support for the hypothesis that insurance can be a motive for religious donations. We randomize enrollment of members of a Pentecostal church in Ghana into a commercial funeral insurance policy. Then church members allocate money between themselves and a set of...
Bruno Biais et Augustin Landier
vol. 87, n° 6, novembre 2020, p. 2542–2567
Chiara Canta et Helmuth Cremer
n° 20-1156, novembre 2020
We study the design of social long-term care (LTC) insurance when informal care is exchange-based. Parents do not observe their children's cost of providing care, which is continuously distributed over some interval. They choose a rule specifying transfers that are conditional on the level of...
Michel Moreaux et Jean-Pierre Amigues
n° 1157, novembre 2020
Romain Espinosa et Nicolas Treich
n° 20-1159, novembre 2020
NGOs often vary in terms of how radical they are. In this paper, we explore the effectiveness of NGO discourses in bringing about social change. We focus on animal advocacy: welfarist NGOs primarily seek to improve the conditions in which animals are raised and reduce meat consumption, while...
Pierre Dubois et Morten Sæthre
vol. 88, n° 6, novembre 2020, p. 2503–2545
Differences in regulated pharmaceutical prices within the European Economic Area create arbitrage opportunities that pharmacy retailers can access through parallel imports. For prescription drugs under patent, parallel trade affects the sharing of profits among an innovating pharmaceutical company...
