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Daniel L. Chen et Jess Eagel
2018
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...
Doh-Shin Jeon et Yassine Lefouili
vol. 49, n° 3, 2018, p. 656–671
We analyze the competitive effects of bilateral cross-licensing agreements in a setting with many competing firms. We show that firms can sustain the monopoly outcome if they can sign unconstrained bilateral cross-licensing contracts. This result is robust to increasing the number of firms who can...
Pierre Dubois et Laura Lasio
vol. 108, n° 12, décembre 2018, p. 3685–3724
We provide a method allowing identification of margins in an oligopoly price competition game when prices may not be freely chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory constraints in the pharmaceutical industry. We...
