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Stéphane Straub, Margaret Leighton et Priscila Souza
vol. 39, n° 1, juin 2019, p. 1–33
This paper evaluates the effect of relaxing promotion criteria in early primary school on grade delay in later years. Exploiting variation in primary school repetition policies across Brazilian municipalities, we find that social promotion in junior primary years reduces grade delay, and that some...
Francesca Barigozzi, Helmuth Cremer et Chiara Monfardini
n° 19-1015, juin 2019
Our model studies couples' time allocation and career choices, which are affected by a social norm on gender roles in the family. Parents can provide two types of informal child care: basic care (feeding, changing children, baby-sitting) and quality care (activities that stimulate children's social...
Andrea Attar, Thomas Mariotti et François Salanié
n° 19-1017, juin 2019, révision octobre 2019
We study resource allocation under private information when the planner cannot prevent bilateral side trading between consumers and firms. Adverse selection and side trading severely restrict feasible trades: each marginal quantity must be fairly priced given the consumer types who purchase it. The...
Meng-Wen Tsou, Jin-Tan Liu, James K. Hammitt, Chyi-Horng Lu et Szu-Yu Zoe Kao
n° 19-1019, juin 2019
We estimate the effect of prenatal exposure to radiation on infant health. By exploiting the 1983 Taiwanese radiation-contaminated buildings (RCBs) accident as a natural experiment, we compare birth outcomes between siblings and cousins exposed to different radiation levels. Given the 1983 accident...
James K. Hammitt, Fangli Geng, Xiaoqi Guo et Chris P. Nielsen
n° 19-1020, juin 2019
We estimate the marginal rate of substitution of income for reduction in current annual mortality risk (the “value per statistical life” or VSL) using stated-preference surveys administered to independent samples of the general population of Chengdu China in 2005 and 2016. We evaluate the quality...
vol. 58, n° 2, juin 2019, p. 167–186
Andrea Attar, Eloisa Campioni et Gwenaël Piaser
n° 19-1021, juin 2019
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...
Andrea Attar, Catherine Casamatta, Arnold Chassagnon et Jean-Paul Décamps
vol. 51, n° 4, juin 2019, p. 977–990
We study a capital market in which multiple lenders sequentially attempt at financing a single borrower under moral hazard. We show that restricting lenders to post take-it-or-leave-it offers involves a severe loss of generality: none of the equilibrium outcomes arising in this scenario survives if...
Andrew Rhodes et Jidong Zhou
vol. 65, n° 6, juin 2019, p. 2607–2623
A puzzling feature of many retail markets is the coexistence of large multiproduct firms and smaller firms with narrow product ranges. This paper provides a possible explanation for this puzzle, by studying how consumer search frictions influence the structure of retail markets. In our model single...
Koen Jochmans et Tai Otsu
vol. 134, juin 2019, p. 227–242
