Recherche avancée

Luke Glowacki, Samuel Mehr, Manvir Singh, Dean Knox, Daniel Ketter, Daniel Pickens-Jones, S. Atwood, Christopher Lucas, Nori Jacoby, Alena Egner, Erin Hopkins, Rhea Howard, Joshua Hartshorne, Mariela Jennings, Jan Simson, Constance Bainbridge, Steven Pinker, Timothy O'Donnell et Max Krasnow

vol. 366, n° 6468, novembre 2019

Ingela Alger et Donald Cox

novembre 2019, 32 pages

Stefan Ambec et Claude Crampes

vol. 6, n° 6, novembre 2019, p. 919–948

We examine policy instruments that aim to decarbonize electricity production by replacing fossil fuel energy with intermittent renewable sources, namely, wind and solar power. We consider a model of investment, production, and storage with two sources of energy: one is clean but intermittent (wind...

Farid Gasmi et Philip Hanspach

n° 19-1052, novembre 2019

This article proposes a two-country model of electricity trade under peak-load pricing. We apply the model to France and the UK to assess the benefit to the UK of trade within the European internal energy market (IEM). Calibration and simulations of the model aimed at simulating bilateral trade in...

Emmanuelle Auriol, Diego Delissaint, Maleke Fourati, Josepa Miquel-Florensa et Paul Seabright

n° 19-1053, novembre 2019

We conducted an experimental study in Haiti testing for the relationship between religious belief and individual risk taking behavior. 774 subjects played lotteries in a standard neutral protocol and subsequently with reduced endowments but in the presence of religious images of Catholic,...

Matthew Adler, Maddalena Ferranna, James K. Hammitt et Nicolas Treich

n° 19-1054, novembre 2019

The social value of risk reduction (SVRRi) is the marginal social value of reducing an individual’s fatality risk, as measured by some social welfare function (SWF). This Article investigates SVRR, using a lifetime utility model in which individuals are differentiated by age, lifetime income...

Boris Van Leeuwen et Ingela Alger

n° 19-1056, novembre 2019, révision novembre 2023

Theory suggests that a form of Kantian morality has evolutionary founda- tions. To investigate the relative importance of Kantian morality and social preferences, we run a laboratory experiment on strategic interaction in social dilemmas. We struc- turally estimate social preferences and Kantian...

Chiara Canta et Helmuth Cremer

vol. 119, octobre 2019, p. 548–566

We study the design of long-term care (LTC) policies when children differ in their cost of providing informal care. Parents do not observe this cost, but they can commit to a “bequest rule” specifying a transfer (gift or bequest) conditional on the level of informal care. Care provided by high-cost...

Sereeparp Anantavrasilp, Abe De Jong, Douglas V. DeJong et Ulrich Hege

n° 19-1045, octobre 2019

This paper focuses on dominant owners’ use of leverage to finance their blockholdings and its relationship to dividend policy. We postulate that blockholder leverage may impact payout policy, in particular when earnings are hit by a negative shock. We use panel data for France where blockholders...

José-Raimundo Carvalho, Thierry Magnac et Qizhou Xiong

vol. 10, octobre 2019, p. 1233–1277

We use rich microeconomic data on performance and choices of students at college entry to analyze interactions between the selection mechanism, eliciting college preferences through exams, and the allocation mechanism. We set up a framework in which success probabilities and student preferences are...