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Abdelaati Daouia, Stéphane Girard et Gilles Stupfler
vol. 26, n° 1, janvier 2020, p. 531–556
Expectiles dene a least squares analogue of quantiles. They are determined by tail expectations rather than tail probabilities. For this reason and many other theoretical and practical merits, expectiles have recently received a lot of attention, especially in actuarial and nancial risk management...
Marie-Laure Allain, Claire Chambolle, Patrick Rey et Sabrina Teyssier
n° 20-1062, janvier 2020
In a vertical chain in which two rivals invest before contracting with one of two competing suppliers, partial vertical integration may create hold-up problems for the rival. We develop an experiment to test this theoretical prediction in two setups, in which suppliers can either pre-commit ex ante...
Rumilda Cañete, Josepa Miquel-Florensa, Stéphane Straub et Karine Van Der Straeten
n° 20-1063, janvier 2020, révision 27 janvier 2021
This paper challenges the conventional wisdom that giving voters more power{both formally through the use of more "open" electoral systems and informally through easier access to information on politicians' wrongdoings will necessarily result in them voting corrupt politicians out of office....
Alban Thomas et Raja Chakir
n° 20-1066, janvier 2020
Set-aside policies providing agronomic and ecological benefits have been mainstream practices in European agriculture. Because they may lead to intensification on cultivated land, they can however have mixed environmental effects. To evaluate the indirect impact of a set-aside policy on crop...
Alban Thomas, Claire Lamine, Benjamin Allès, Yuna Chiffoleau, Antoine Doré, Sophie Dubuisson-Quellier et Mourad Hannachi
n° 20-1068, janvier 2020, révision avril 2020
We discuss in this paper the role of the economic and social organization in agriculture and the food industry, in relation with the Health-Agriculture-Food-Environment (HAFEN) concept. The aim is to better understand the potential impact of the implementation of this concept in food consumption...
George-Marios Angeletos, Fabrice Collard et Harris Dellas
n° 20-1065, janvier 2020
We propose a new strategy for dissecting the macroeconomic time series, provide a template for the propagation mechanism that best describes the observed business cycles, and use its properties to appraise models of both the parsimonious and the medium-scale variety. Our findings support the...
Jörn Boehnke et Victor Gay
n° 20-1064, janvier 2020
Using spatial variation in World War I military fatalities in France, we show that the scarcity of men due to the war generated an upward shift in female labor force participation that persisted throughout the interwar period. Available data suggest that increased female labor supply accounts for...
Louis-Georges Soler et Alban Thomas
n° 20-1067, janvier 2020, révision avril 2020
In the scientific literature, the debate on health and environmental benefits of a reduction in the share of animal-sourced food, in particular beef, in consumer diets is mostly focused on demand-side vs. supply transitions. We discuss in this paper the necessary conditions for a win-win scenario...
Ingela Alger, Laura Juarez, Miriam Juarez-Torres et Josepa Miquel-Florensa
n° 20-1071, janvier 2020
We present evidence from a lab-in-the-field experiment, conducted in eight small, rural villages in Mexico, in which subjects choose to exert real effort to fund real health centers in their own and other localities. We find that women are more willing than men to exert effort to fund the health...
Bruno Conte, Lavinia Piemontese et Augustin Tapsoba
n° 20-1069, janvier 2020, révision novembre 2022
This paper investigates the consequences of the 2004 locust plague in Mali. We argue that in agricultural economies with a single harvest per year, this type of shock can affect households through two channels: first, a speculative/anticipatory effect that kicks in during the growing season,...
