Jump to navigation
Jean-Pierre Florens et James J. Heckman
Eran Shmaya et Bruno Ziliotto
vol. 63, n° 3, 2025
We consider a mean-field game model in which the cost functions depend on a fixed parameter referred to as the “state,” which remains unknown to the players. Players acquire information about the state through private signals received during the course of the game. We derive a mean-field system...
André Grimaud et Luc Rougé
vol. 29, n° e98, 2025, p. 1–30
Technical progress is considered a key element in the fight against climate change. It may take the form of technological breakthroughs, that is, shocks that induce significant leaps in the stock of knowledge. We use an endogenous growth framework with directed technical change to analyze the...
Olivier Faugeras
2025, à paraître
Compositional Data (CoDa) is usually viewed as data on the simplex and is studied via a log-ratio analysis, following the classical work of Aitchison (1986). We propose to bring to the fore an alternative view of CoDa as a stick breaking process, an approach which originates from Bayesian...
Sarah Ann Wheeler, Céline Nauges et Quentin R. Grafton
The allocation of water across space and time is a key challenge of water governance, with demand and supply often not well matched over time and place. Best practice water pricing and markets may promote water conservation, yet their application is limited. We highlight the governance principles...
Daniel L. Chen et Susan Yeh
vol. 128, n° 103155, 2025, à paraître
Does obscenity law affect moral values and does it matter? Using random judge assignment and all U.S. obscenity precedents since 1958, we report four key findings. Democratic judges, more than Republicans, tended to vote progressively in obscenity cases. Such progressive rulings liberalized sexual...
Christophe Courbage, Richard Peter, Béatrice Rey et Nicolas Treich
sous la direction de Georges Dionne, 3ème edition, Springer Cham, 2025
This chapter surveys the economic literature on prevention and precaution. Prevention refers to costly activities that mitigate risk. Prevention encompasses self-protection, an investment to reduce the probability of loss, and self-insurance, an investment to reduce the severity of loss. Precaution...
Romain Espinosa et Nicolas Treich
In this paper, we empirically investigate fairness judgments about animals. We design a survey that addresses major challenges associated with the inclusion of animal welfare in public decisions. Collecting data from a representative sample of the French population (N=1,526), we document the views...
Matthew Adler, Maddalena Ferranna, James K. Hammitt, Eugénie de Laubier et Nicolas Treich
