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Olivier Faugeras et Ludger Rüschendorf
vol. 48, n° 1, 2017
Our purpose is both conceptual and practical. On the one hand, we discuss the question which properties are basic ingredients of a general conceptual notion of a multivariate quantile. We propose and argue that the object “quantile” should be defined as a Markov morphism which carries over similar...
Stéphane Caprice
vol. 12, n° 3, 2017, p. 480–513
This article examines (i) how retailers position private label products, (ii) why private labels are sold in some product categories but not in others, and why some national brand products may have difficulty in accessing retailers' shelves, (iii) why some private label products are positioned as "...
Simone Cuiabano
vol. 17, n° 2, 2017
The goal of this paper is to analyze the long-run equilibrium exchange rate in Latin America and Asia countries using the monetary model described in Obstfeld and Rogoff (1996) to evaluate the exchange rate gap between the regions. I use panel cointegration tests to verify the existence of panel...
Shrinivas Badiger, Jacques Eric Bergez, Delphine Leenhardt, Marion Robert, Laurent Ruiz, Muddu Sekhar, Alban Thomas et M. Willaume
vol. 9, n° 51, 2017, p. 1–21
Farmers’ production decisions and agricultural practices directly and indirectly influence the quantity and quality of natural resources, some being depleted common resources such as groundwater. Representing farming systems while accounting for their flexibility is needed to evaluate targeted,...
William Gehrlein, Michel Le Breton et Dominique Lepelley
vol. 49, 2017, p. 315–321
The purpose of this note is to compute the probability of logrolling for three different probabilistic cultures. The primary finding is that the restriction of preferences to be in accord with the condition of separable preferences creates enough additional structure among voters' preference...
Ingela Alger et Jörgen W. Weibull
vol. 8, 2017
Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some light on this complex and non-trivial issue by examining a few canonical strategic interactions played by egoists, altruists and moralists. By altruists, we mean people who do not...
Laure Jaunaux, Yassine Lefouili et Wilfried Sand-Zantman
vol. 161, décembre 2017, p. 124–129
This note examines the optimal merger policy when competition authorities take into account the e¤ects of their policy on firms'entry decisions. We consider a model featuring ex ante uncertainty about profits and consumer surplus, and derive a simple rule governing the optimal policy in that...
Jay Pil Choi, Bruno Jullien et Yassine Lefouili
vol. 65, n° 4, décembre 2017, p. 872–886
We identify two issues in Choi's (2010) paper on tying in two-sided markets published in this Journal, and provide solutions to both of them. First, we point out that the equilibrium in the absence of tying requires more restrictive conditions and does not satisfy a natural equilibrium refinement...
Lika Ba, Farid Gasmi et Paul Noumba Um
vol. 42, n° 3, 2017, p. 17–40
Sangmin Aum, Tim Lee et Yongseok Shin
2017
The U.S. labor market contracted sharply during the Great Recession. The ensuing recovery has been sluggish and by some measures still incomplete. In this paper, we break down aggregate employment during the Recession and the recovery into changes across industries and occupations. There is a clear...
