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Marcel Boyer, Thomas W. Ross et Ralph Winter
n° 17-869, décembre 2017
La politique de concurrence s’est remarquablement transformée au cours des derniers 50 ans au Canada, en grande partie à cause des avancées en science économique. Dans ce texte, nous retraçons l’impact des développements en organisation industrielle sur les trois zones centrales de la politique de...
Yinghua He et Thierry Magnac
n° 17-870, décembre 2017, révision février 2019
A matching market often requires recruiting agents, or ``programs,'' to costly screen ``applicants,'' and congestion increases with the number of applicants to be screened. We investigate the role of application costs: Higher costs reduce congestion by discouraging applicants from applying to...
Jeanne Bovet, Eva Raiber, Weiwei Ren, Charlotte Wang et Paul Seabright
2017
Nicolas Berman, Vincent Rebeyrol et Vincent Vicard
n° 17-871, décembre 2017
This paper provides direct evidence that learning about demand is an important driver of firms' dynamics. We present a model of Bayesian learning in which firms are uncertain about their idiosyncratic demand in each of the markets they serve, and update their beliefs as noisy information arrives....
Patrick Fève, Pablo Garcia et Jean-Guillaume Sahuc
n° 17-872, décembre 2017
Is risk taking an important channel by which monetary policy shocks affect economic activity? On the basis of a nonlinear structural VAR including a new measure of risk sensitivity by economic agents, we show that the role of the risk-taking channel depends on the state of the economy. While it is...
Klenio Barbosa et Stéphane Straub
n° 17-873, décembre 2017, révision mai 2020
We investigate the impact of revolving door on public procurement outcomes, combining 10 years of Brazilian health procurement data with a comprehensive employer-employee dataset tracking individuals’ job trajectories. We identify how movements between public administrations and private providers...
Jean-Paul Azam et Mario Ferrero
n° 17-874, décembre 2017
This paper addresses the waves of mass killings recently perpetrated by individuals with a weak or nonexistent ideological motivation, whose acts either appear to contradict their purported political cause or are admittedly driven by a quest for notoriety. Examples range from killers who have been...
Giulia Pavan
n° 17-875, décembre 2017
Easy access to stations serving alternative fuels is an obvious concern for customers considering to buy a "green" car. Yet, the supply of fuel is seldom considered analyzing how to promote the adoption of environmentally friendly vehicles. I develop and estimate a joint model of demand for cars...
Marc Bourreau et Bruno Jullien
n° 17-880, décembre 2017
In this paper, we study the impact of a merger to monopoly on prices and investments. Two single-product firms compete in prices and coverage for a new technology. In equilibrium, one firm covers a larger territory than its competitor with the new technology, leading to singleproduct and multi-...
Thomas Christiano et Simone M. Sepe
