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Jad M. Chaaban, Hala Ghattas, Alexandra Irani et Alban Thomas
n° 18-896, février 2018
We propose an empirical method for improving food assistance scoring and targeting, which minimizes under-coverage and leakage of food and cash assistance programs. The empirical strategy relies on a joint econometric estimation of food insecurity and economic vulnerability indicators at the...
M’hand Fares, Saqlain Raza et Alban Thomas
n° 18-895, février 2018
Many quality signals—both private and public—have been used to foster the development of food quality in the agro-food markets: mainly brands and common certified labels. Previous research has typically focused on either brand or certified label efficiency independently, while in many instances...
Stefan Hoderlein et Anne Vanhems
vol. 33, n° 1, février 2018, p. 52–72
This paper proposes a framework to model welfare effects that are associated with a price change in a population of heterogeneous consumers. The framework is similar to that of Hausman and Newey (Econometrica, 1995, 63, 1445–1476), but allows for more general forms of heterogeneity. Individual...
Johannes Hörner, Stefano Lovo et Tristan Tomala
vol. 127, n° 2, février 2018, p. 342–365
We analyze security price formation in a dynamic setting in which long-lived dealers repeatedly compete for trading with potentially informed retail traders. For a class of market microstructure models, we characterize equilibria in which dealers’ dynamic pricing strategies are optimal no matter...
Marc Ivaldi et Jérôme Pouyet
vol. 62, février 2018, p. 21–30
Based on the modern theory of regulation, the analysis aims to characterize the effective economic regulation of the French railway industry. The methodology consists in econometrically testing various scenarios of regulation and determining which of these best fits the data. Using aggregate data...
Claude Crampes et David Salant
n° 18-877, janvier 2018
The paper analyzes the determinants of optimal electric capacity and contrasts these with the requirements typically applied in a multi-regional model. We first analyze the relationship between usual reliability criteria such as the value of lost load and the targeted probability of failure, on the...
Joanna Morais, Christine Thomas-Agnan et Michel Simioni
n° 18-878, janvier 2018
This article presents a new approach to measure the impact of multi-channel advertising investments on brands’ market shares in the main segment of the French automobile market. We propose a multi-channel attraction model with adstock, in order to take into account the advertising carryover effect...
Stefan Lamp
n° 18-879, janvier 2018
This paper tests for the effect of weather on solar technology adoption, taking advantage of the fact that sunshine is a direct input factor for solar electricity production. I find that a one standard deviation increase in monthly sunshine hours above the long-term average leads to an approximate...
Thierry Foucault et Sophie Moinas
n° 18-881, janvier 2018
The speed of trading has considerably increased in recent years, due to progress in information technologies and automation of the trading process. This evolution raises many questions about the effects of trading speed. In this chapter we discuss the findings of the growing theoretical and...
Jieying Hong, Sophie Moinas et Sébastien Pouget
n° 18-882, janvier 2018
Does traders' experience reduce their propensity to participate in speculate bubbles? This paper studies this issue from a theoretical and an experimental viewpoint. We focus on a game in which bubbles, if they arise, are irrational, as in the Smith, Suchanek, and Williams (1988)'s set up. Our...
