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Daniel L. Chen
n° 18-88, décembre 2018
Predictive judicial analytics holds the promise of increasing the fairness of law. Much empirical work observes inconsistencies in judicial behavior. By predicting judicial decisions—with more or less accuracy depending on judicial attributes or case characteristics—machine learning offers an...
Frédérique Fève, Jean-Pierre Florens et Ingrid Van Keilegom
vol. 36, n° 2, 2018, p. 334–345
Christian Gollier
vol. 95, 2018, p. 155–171
We demonstrate that increasing the risk surrounding the variance of future consumption generates a fourth-degree risk deterioration in future consumption, yielding an increase in its excess kurtosis. Its impact on the equilibrium risk premium is thus positive if only if the fourth derivative of the...
Eric Avenel et Stéphane Caprice
vol. 69, n° 1, 2018, p. 5–28
L'article revisite la question de la soutenabilité d'une entente en présence d'une menace d'entrée dans un contexte où les firmes en place sont verticalement intégrées. Les entrants dépendent des firmes intégrées pour leurs approvisionnements. Alors que l'entrée laisse les profits de collusion...
Bénédicte Alziary Chassat et Jacqueline Fleckinger
vol. 71, 2018, p. 3–13
Combining the results of a recent paper by Fleckinger-Hernández-de Thélin for a non cooperative 2 x 2 system with the method of PhD Thesis of M. H. Lécureux we compute the sign of the solutions of a n x n non-cooperative systems when the parameter varies near the lowest principal eigenvalue of the...
Milo Bianchi
vol. 73, n° 2, 2018, p. 831–859
We match administrative panel data on portfolio choices with survey measures of financial literacy. When we control for portfolio risk, the most literate households experience 0.4% higher annual returns than the least literate households. Distinct portfolio dynamics are the key determinant of this...
Isis Durrmeyer et Mario Samano
vol. 128, n° 616, décembre 2018, p. 3076–3116
We compare the welfare effects in equilibrium of two environmental regulations that aim at increasing the new cars fleet’s average fuel efficiency: the fuel economy standards and the feebate policies. Maintaining the same environmental benefit and tax revenue, we simulate the implementation of each...
Louis-Georges Soler et Marine Spiteri
vol. 72, n° 2, 2018, p. 228–235
Céline Bonnet, Zohra Bouamra-Mechemache et Timothy J. Richards
vol. 45, n° 3, 2018, p. 297–331
Bargaining power in vertical channels depends critically on the "disagreement profit" or the opportunity cost to each player should negotiations fail. In a multiproduct context, disagreement profit depends on the degree of substitutability among the products offered by the downstream retailer. Horn...
Marion Robert, Alban Thomas, Muddu Sekhar, Hélène Raynal, Éric Casellas, Pierre Casel, Patrick Chabrier, Alexandre Joannon et Jacques Eric Bergez
2018, p. 123–135