Jump to navigation
Bruno Jullien, Markus Reisinger et Patrick Rey
vol. 169, août 2018, p. 31–34
This paper analyzes a supplier's incentives to foreclose downstream entry when entrants have stronger positions in different market segments, thus bringing added value as well as competition. We first consider the case where wholesale contracts take the form of linear tariffs, and characterize the...
Jean Tirole et Guillaume Plantin
vol. 108, n° 8, août 2018, p. 2246–2276
Helmuth Cremer et Pierre Pestieau
sous la direction de R. Holzmann et John Piggott, août 2018
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do this...
Giuseppe Marco Attanasi, Hippolyte D'Albis et Emmanuel Thibault
n° 18-932, juillet 2018
In a life-cycle model with a bequest motive, we study the impact of smooth ambiguity aversion to uncertain survival probabilities on the optimal demand for annuities. We implement a theory-driven laboratory experiment. First, a subject's ambiguity attitude is elicited in a simple experimental...
Valérie Orozco, Christophe Bontemps, Elise Maigné, V. Piguet, A. Hofstetter, Anne Lacroix, F. Levert et J.M Rousselle
n° 18-933, juillet 2018
Empirical economics and econometrics (EEE) research now relies primarily on the application of code to datasets. Handling the workflow linking datasets, programs, results and finally manuscript(s) is essential if one wish to reproduce results, which is now increasingly required by journals and...
Daniel L. Chen et Arnaud Philippe
n° 18-934, juillet 2018
We document judicial leniency on defendant birthdays across 5 million decisions. French sentences are 1% fewer and 3% shorter. U.S. federal sentences are 33% shorter in the day component of sentences (the month component remains unaffected). New Orleans sentences are 15% shorter overall. No...
Elliott Ash et Daniel L. Chen
n° 18-935, juillet 2018
Recent work in natural language processing represents language objects (words and documents) as dense vectors that encode the relations between those objects. This paper explores the application of these methods to legal language, with the goal of understanding judicial reasoning and the relations...
Takuro Yamashita
n° 18-936, juillet 2018
We consider a mechanism design environment where a principal can partially control agents' information before they play a mechanism (e.g., a seller disclosing quality information). Assuming that the principal can ex ante commit to his disclosure policy, this is a Bayesian persuasion problem with an...
n° 18-937, juillet 2018
This paper considers auction environments with a (possibly correlated) common prior over bidders' values, where each bidder may have additional information (e.g., through information acquisition). Under certain conditions, we characterize the optimal mechanisms in terms of the expected revenue that...
Takuro Yamashita et Shuguang Zhu
n° 18-938, juillet 2018, révision janvier 2021
In private-value auction environments, Chung and Ely (2007) establish maxmin and Bayesian foundations for dominant-strategy mechanisms. We first show that similar foundation results for ex post mechanisms hold true even with interdependent values if the interdependence is only cardinal. This...
