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David Bardey et Philippe De Donder
n° 19-1035, septembre 2019, révision 22 janvier 2024
Personalized medicine is still in its infancy, with costly genetic tests providing little actionable information in terms of efficient prevention decisions. As a consequence, few people undertake these tests currently, and health insurance contracts pool all agents irrespective of their genetic...
Stefan Ambec et Jessica Coria
n° 19-1036, septembre 2019, révision avril 2021
We propose informational spillovers as a new rationale for the use of multiple policy instruments to mitigate a single externality. We investigate the design of a pollution standard when the firms’ abatement costs are unknown and emissions are taxed. A firm might abate pollution beyond what is...
Philippe Bontems et Céline Nauges
vol. 46, n° 4, septembre 2019, p. 579–608
Emmanuelle Auriol et Josepa Miquel-Florensa
vol. 14, n° 3, septembre 2019, p. 453–477
We present a model with two donors-principals that provide funds to a unique recipient-agent. Each donor decides how to allocate his aid funds between a pooled and a donor specific unilateral project. Both principals and the agent value the output produced with the principals' pooled and two...
Daniel F. Garrett
vol. 77, n° 3, septembre 2019, p. 375–382
Some sellers display high "regular" prices, but mark down these prices the vast majority of the time, advertising the good as "on sale" or "discounted". This note suggests a framework for understanding the practice, emphasizing the role of buyer uncertainty about their future valuations for the...
Bruno Jullien et Wilfried Sand-Zantman
septembre 2019, révision juillet 2020
Over the past 20 years, the development of the internet has transformed the global economy and had an impact on almost every aspect of our lives. Designed primarily as a means of communication, the internet has revolutionized the way we produce and exchange services and goods, whether they are...
Y. De Castro, Sébastien Gadat, Clément Marteau et Cathy Maugis
n° 19-1040, septembre 2019, révision septembre 2020
n° 19-1037, septembre 2019
Andrea Attar, Eloisa Campioni et Gwenaël Piaser
vol. 183, septembre 2019, p. 258–283
We study games in which principals simultaneously post mechanisms in the presence of several agents. We evaluate the role of principals' communication in these settings. As in Myerson (1982), each principal may generate incomplete information among agents by sending them private signals. We show...
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...