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Nina Hestermann et Nicolas Pistolesi
vol. 211, 2018, p. 177–193
This study assesses the impact of a French educational policy reform aimed at improving the match between students and their chosen field of study at university. As part of this reform, upon applying for entry to an undergraduate degree course, students are informed about their likelhood of...
Daniel L. Chen, Matt Dunn, Levent Sagun et Hale Sirin
2018
Early Predictability of Asylum Court Decisions with M. Dunn and L. Sagun In the United States, foreign nationals who fear persecution in their home country can apply for asylum under the Refugee Act of 1980. Unfortunately, over the past decade, legal scholarship has uncovered significant...
Daniel L. Chen et Jess Eagel
In this study, we analyzed 492,903 asylum hearings from 336 different hearing locations, rendered by 441 unique judges over a thirty-two year period from 1981-2013. We define the problem of asylum adjudication prediction as a binary classification task, and using the random forest method developed...
Samuele Centorrino, Jean-Pierre Florens et Jeffrey S. Racine
vol. 30, n° 2, 2018, p. 368–391
The focus of this paper is the nonparametric estimation of the marginal effects (i.e. first partial derivatives) of an instrumental regression function ? defined by conditional moment restrictions that stem from a structural econometric model , and involve endogenous variables Y and Z and...
Eric Gautier et Erwan Le Pennec
vol. 12, n° 1, 2018, p. 277–320
Bert Willems et Gijsbert Zwart
vol. 49, n° 1, Spring 2018, p. 23–42
We model the regulation of irreversible capacity expansion by a firm with private information about capacity costs, where investments are financed from the firm’s cash flows and demand is stochastic. The optimal mechanism is implemented by a revenue tax that increases with the price cap. If the...
K.J. Martijn Cremers et Simone M. Sepe
vol. 41, n° 2, 2018, p. 387–418
In the corporate governance debate, the short-term versus longterm contention has grown into perhaps today’s most controversial topic. In this debate, descriptions of institutional investors tend to present a dichotomic nature. These investors are alternatively portrayed as homogenously short-...
Emmanuelle Auriol et Stéfanie Brillon
vol. 89, n° 1, 2018, p. 157–174
wo types of intrinsically motivated workers are considered: good workers care about the mission of an organization, whereas bad workers derive pleasure from destructive behavior. Compared to the case with only good workers, the mission‐oriented sector has to resort to higher monitoring to deal with...
Sébastien Gadat, Fabien Panloup et Sofiane Saadane
vol. 12, n° 1, 2018, p. 461–529
This paper deals with a natural stochastic optimization procedure derived from the so-called Heavy-ball method differential equation, which was introduced by Polyak in the 1960s with his seminal contribution [Pol64]. The Heavy-ball method is a second-order dynamics that was investigated to minimize...
Christian Gollier et Miles S. Kimball
vol. 43, 2018, p. 5–23
Second-order stochastic dominance answers the question “Under what conditions will all risk-averse agents prefer x~2 to x~1 ?” Consider the following related question: “Under what conditions will all risk-averse agents who prefer lottery x~1 to a reference lottery ω~ also prefer lottery x~2 to that...
