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Claude Crampes et Jean-Michel Trochet
vol. 24, n° 100746, août 2019
Electricity storage encompasses a disparate list of technologies such as pumped-storage hydroelectricity, compressed-air energy storage, chemical batteries and flywheels. These technologies can provide the electricity system with heterogeneous services of energy transfers across months, weeks, days...
Eric Maskin et Jean Tirole
vol. 176, août 2019, p. 79–93
We develop a model of pork-barrel politics in which a government official tries to improve her reelection chances by spending on targeted interest groups. The spending signals that she shares their concerns. We investigate the effect of such pandering on the public deficit. Pandering widens the...
Gilles Lafforgue et Luc Rougé
vol. 57, août 2019, p. 101–118
We develop a growth model in which the use of a non-renewable resource yields waste. Recycling waste produces materials of poor quality. These materials can be reused for production only once a dedicated R&D activity has made their quality reach an exogenous minimum threshold. The economy then...
Emilio Calvano, Giacomo Calzolari, Vincenzo Denicolò et Sergio Pastorello
vol. 55, n° 1, août 2019, p. 155–171
Pricing decisions are increasingly in the “hands” of artificial algorithms. Scholars and competition authorities have voiced concerns that those algorithms are capable of sustaining collusive outcomes more effectively than human decision makers. If this is so, then our traditional policy tools for...
Stefan Ambec, Alexis Garapin, Laurent Muller et Bilel Rahali
vol. 81, août 2019, p. 128–138
We investigate how institutions can shape differently the expression for efficiency and equity. We run four variants of the triple dictator game and the trust game in a within-subject design that enables to plot individual patterns. A veil of ignorance, a positional fee and information about others...
Ingela Alger et Jörgen W. Weibull
vol. 11, août 2019, p. 329–354
The literature on the evolution of preferences of individuals in strategic interactions is vast and diverse. We organize the discussion around the following question: Supposing that material outcomes drive evolutionary success, under what circumstances does evolution promote Homo economicus,...
Laurent Miclo
vol. 154, août 2019, p. 1–35
The Markov commutator associated to a finite Markov kernel P is the convex semigroup consisting of all Markov kernels commuting with P. Its interest comes from its relation with the hypergroup property and with the notion of Markovian duality by intertwining. In particular, it is shown that the...
Michael Becher et Irene Menendez
vol. 113, n° 3, août 2019, p. 694–709
We examine the effect of electoral institutions on two important features of representation that are often studied separately: policy responsiveness and the quality of legislators. Theoretically, we show that while a proportional electoral system is better than a majoritarian one at representing...
Jonathan Stieglitz, Benjamin C. Trumble, Caleb Finch, Dong Li, Matthew Budoff, Hillard Kaplan et Michael Gurven
août 2019
Modern humans have more fragile skeletons than other hominins, which may result from physical inactivity. Here we test whether reproductive effort also compromises bone strength, by measuring using computed tomography thoracic vertebral bone mineral density (BMD) and fracture prevalence among...
Abdelaati Daouia et Davy Paindaveine
n° 19-1022, juillet 2019, révision février 2023
Despite the importance of expectiles in fields such as econometrics, risk management, and extreme value theory, expectile regression unfortunately so far remains limited to single-output problems. To improve on this, we define hyperplane-valued multivariate expectiles that show strong advantages...
