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H.H. Bauschke, Jérôme Bolte et Marc Teboulle
vol. 42, n° 2, mai 2017, p. 330–348
The proximal gradient and its variants is one of the most attractive first-order algorithm for minimizing the sum of two convex functions, with one being nonsmooth. However, it requires the differentiable part of the objective to have a Lipschitz continuous gradient, thus precluding its use in many...
Anouch Missirian et Wolfram Schlenker
vol. 107, n° 5, mai 2017, p. 436–440
We discuss an underutilized dataset to examine the causes of migration. The United Nations High Commissioner for Refugees publishes annual binational asylum applications and the resulting decisions. Asylum is granted to protect individuals from persecution. They are a small part of overall...
Astrid Hopfensitz
sous la direction de Morris Altman, Edward Elgar, chapitre 27, mai 2017, p. 479–489
Bruno Biais, Thomas Mariotti, Sophie Moinas et Sébastien Pouget
n° 17-798, avril 2017, révision novembre 2025
We study asset pricing and risk sharing in experimental financial markets. We design our experiment to test the key equilibrium implications of rational choice and competitive behavior in complete markets without making parametric assumptions on preferences. We find that participants behave...
Will Goetzmann, David Le Bris et Sébastien Pouget
n° 17-794, avril 2017
We study asset pricing over the longue durée using share prices and net dividends from the Bazacle company of Toulouse, the earliest documented shareholding corpo- ration. The data extend from the firm's foundation in 1372 to its nationalization in 1946. We find an average dividend yield of 5% per...
Yassine Lefouili, Leonardo Madio et Ying Lei Toh
n° 17-795, avril 2017, révision juillet 2023
We analyze how a privacy regulation taking the form of a cap on information disclosure affects quality-enhancing innovation incentives by a monopolist--who derives revenues solely from disclosing user data to third parties--and consumer surplus. If the share of privacy-concerned users is...
Bénédicte Alziary Chassat et Jacqueline Fleckinger
n° 17-797, avril 2017
We show how the solutions to a 2 X 2 linear system involving Schrödinger operators blow up as the parameter y tends to some critical value which is the principal eigenvalue of the system; here the potential is continuous positive with superquadratic growth and the square matrix of the system is...
Bénédicte Alziary Chassat et Peter Takac
n° 17-796, avril 2017
Andrea Attar, Thomas Mariotti et François Salanié
n° 17-799, avril 2017, révision octobre 2017
We construct a complete space of smooth strictly convex preference relations defined over physical commodities and monetary transfers. This construction extends the classic one by assuming that preferences are monotone in transfers, but not necessarily in all commodities. This provides a natural...
Elena Panova
vol. 19, n° 2, avril 2017, p. 312–330
