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Daniel F. Garrett, Renato Gomes et Lucas Maestri
vol. 86, 2019, p. 1590–1630
We study the interplay between informational frictions and second-degree price discrimination. Our theory recognizes that consumers differ in their tastes for quality as well as in the information they possess about available offers, which leads to dispersion over price-quality menus in equilibrium...
Jean-Paul Azam
vol. 25, n° 4, 2019
Benjamin Ouvrard
vol. 34, n° 2, 2019, p. 3–60
Abdelaati Daouia, Irene Gijbels et Gilles Stupfler
vol. 114, n° 527, 2019, p. 1366–1381
Quantiles and expectiles of a distribution are found to be useful descriptors of its tail in the same way as the median and mean are related to its central behavior. This paper considers a valuable alternative class to expectiles, called extremiles, which parallels the class of quantiles and...
Lisa A. Robinson, James K. Hammitt, D.T. Jamison et D.G. Walker
vol. 10, 2019, p. 1–14
Investing in global health and development requires making difficult choices about what policies to pursue and what level of resources to devote to different initiatives. Methods of economic evaluation are well established and widely used to quantify and compare the impacts of alternative...
Justina Klimaviciute, Harun Onder et Pierre Pestieau
2019, p. 1–20
The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. It shows that, in the absence of retirement annuities, or for a given level of annuitization, both...
Bruno Biais, Christophe Bisière, Matthieu Bouvard et Catherine Casamatta
vol. 109, 2019, p. 88–92
Fabien Gensbittel et Christine Grün
vol. 44, n° 1, 2019, p. 277–302
We study a model of two-player, zero-sum, stopping games with asymmetric information. We assume that the payoff depends on two independent continuous-time Markov chains, where the first Markov chain is only observed by player 1 and the second Markov chain is only observed by player 2, implying that...
Marc Ivaldi, Francis Bloch et Philippe Gagnepain
sous la direction de J.C Prager, 2019
Louis-Gaëtan Giraudet (CIRED, Ecole des Ponts ParisTech)
Atria Mercure Compans Caffarelli, Toulouse, France, 2019
