Recherche avancée

Koen Jochmans et Tai Otsu

vol. 134, juin 2019, p. 227–242

Daniel L. Chen, Vardges Levonyan, S.Eric Reinhart et Glen Taksler

vol. 48, n° 2, juin 2019, p. 409–440

The interaction of disclosure laws and the targeted behavior is typically unknown since data on disclosed activity rarely exist in the absence of disclosure laws. We exploit data from legal settlements disclosing $316 million in pharmaceutical company payments to 316,622 physicians across the U.S....

Martin Boyer, Philippe De Donder, Claude Fluet, Marie-Louise Leroux et Pierre-Carl Michaud

vol. 45, n° 2, juin 2019, p. 262–282

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...

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...

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...

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, Eloisa Campioni, Thomas Mariotti et Gwenaël Piaser

n° 19-1014, juin 2019, révision septembre 2020

We study competing-mechanism games under exclusive competition: principals first simultaneously post mechanisms, after which agents simultaneously choose to participate and communicate with at most one principal. In this setting, which is common to competing-auction and competitive-search...

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...

Ulrich Hege et Pierre Mella-Barral

n° 19-1016, juin 2019

Ce papier examine deux mécanismes mis en avant pour une renégociation efficace de la dette, lorsque les détenteurs d'obligations sont dispersés: offres d'échange de dette, promettant des droits de liquidation accrus à un nombre limité de créanciers (favorisé par la loi américaine), et clauses d'...