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Michael Magill, Jean-Charles Rochet et Martine Quinzii
vol. 112, juin 2020, p. 113–128
A simple equilibrium model is presented which permits the joint study of optimal Central Bank prudential, monetary and balance sheet policies in the pre and post 2008 Crisis periods. It explains the new policies—the purchase of risky securities (QE), payment of interest on reserves (IR) and use of...
Francesca De Petrillo et Alexandra Rosati
vol. 164, juin 2020, p. 193–204
Inference by exclusion, or the ability to select a correct course of action by systematically excluding other potential alternatives, is a form of logical inference that allows individuals to solve problems without complete information. Current comparative research shows that several bird, mammal...
Gabrielle Demange et Karine Van Der Straeten
vol. 174, juin 2020, p. 402–419
This paper proposes an analysis of strategic communication on platforms by candidates during an electoral campaign. A candidate's platform in a (possibly) multidimensional policy space is fixed, but is imperfectly known by voters. A candidate strategically decides the emphasis he puts on the...
Nozomu Muto, Yasuhiro Shirata et Takuro Yamashita
vol. 18, n° 3, juin 2020, p. 1284–1320
We study an auction that maximizes the expected social surplus under an upper-bound constraint on the seller’s expected revenue, which we call a revenue cap. Such a constrained-efficient auction may arise, for example, when (i) the auction designer is “pro-buyer”, that is, he maximizes the weighted...
Jane Conway, Michel-Pierre Coll, Helio Clemente Cuve, Sofia Koletsi, Nicholas Bronitt, Caroline Catmur et Geoffrey Bird
vol. 149, n° 6, juin 2020, p. 1032–1047
The human ability to make inferences about the minds of conspecifics is remarkable. The majority of work in this area focuses on mental state representation (‘theory of mind’), but has had limited success in explaining individual differences in this ability, and is characterized by the lack of a...
Lauren Bader, J.M. Ward, H.B. Moran, Hillary Fouts et Julia Jaekel
vol. 7, n° 6, juin 2020, p. 1–19
Refugees often parent under extreme circumstances. Parenting practices have implications for child outcomes, and parenting in the context of refugee resettlement is likely to be dynamic as parents negotiate a new culture. This study examined African origin mothers’ infant care values and practices...
Koen Jochmans et Vincenzo Verardi
vol. 20, juin 2020, p. 468–480
David Martimort, Jérôme Pouyet et Carine Staropoli
vol. 29, n° 3, juin 2020, p. 605–634
Marcel Boyer, Anne Catherine Faye, E. Gravel et Rachidi Kotchoni
n° 3, mai 2020, 6 pages
Nous discutons les enjeux et embûches théoriques et empiriques auxquels les autorités de concurrence et les tribunaux font face pour sanctionner les cartels, à savoir la probabilité de détection, la dynamique de cartel, la durée de l’impact et le surprix.
Francesca Barigozzi, Helmuth Cremer et Kerstin Roeder
vol. 176, mai 2020, p. 188–211
This paper studies the design of child-care policies when redistribution matters. Traditional mothers provide some informal child care, whereas career mothers purchase full time formal care in the market. The sorting of women across career paths is endogenous and shaped by a social norm about...
