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Mohammad A. Alolayan, Jonhn S. Evans et James K. Hammitt
Springer Netherlands, vol. 66, n° 4, avril 2017, p. 629–646
We report stated-preference estimates of the value per statistical life (VSL) for Kuwaiti citizens obtained using an innovative test to identify respondents whose survey responses are consistent with economic theory. The consistency test requires that an individual report strictly positive...
Patrick Fève et Jean-Guillaume Sahuc
vol. 32, n° 3, avril 2017, p. 704–718
This paper applies the DSGE-VAR methodology to assess the size of fiscal multipliers in the data and the relative contributions of two transmission mechanisms of government spending shocks, namely hand-to-mouth consumers and Edgeworth complementarity. Econometric experiments show that a DSGE model...
Estelle Koussoubé et Céline Nauges
vol. 44, n° 2, avril 2017, p. 183–210
The low level of modern inputs adoption by African farmers is considered to be a major impediment to food security and poverty reduction in Sub-Saharan Africa. The government of Burkina Faso, following the example of a number of other countries in the region, launched a subsidy program in 2008 to...
Emmanuelle Auriol et Jean-Philippe Platteau
vol. 25, n° 2, avril 2017, p. 313–350
The relationship between religion and politics is explored from a theoretical standpoint. Religious clerics can be seduced by an autocrat and political stability is at stake. The autocrat's decisions consist of two measures susceptible of antagonising religious clerics: adopting secular reforms and...
Michel Goulard, Thibault Laurent et Christine Thomas-Agnan
vol. 12, n° 2-3, avril 2017, p. 304–325
We address the problem of prediction in the spatial autoregressive SAR model for areal data which is classically used in spatial econometrics. With the Kriging theory, prediction using Best Linear Unbiased Predictors is at the heart of the geostatistical literature. From the methodological point of...
Mohamed Saleh
vol. 25, n° 2, avril 2017, p. 149–163
This article argues that there is a need to develop a ‘new’ economic and social history of the Middle East and North Africa (MENA) region that is based on exploiting novel sources of data, including (a) primary papyrological sources from the medieval period, (b) primary sources at the region's...
Marianne Andries et Valentin Haddad
n° 17-779, mars 2017
We propose a theory of inattention solely based on preferences, absent cognitive limitations or external costs of information. Under disappointment aversion, agents are intrinsically information averse. In a consumption-savings problem, we study how information averse agents cope with their fear of...
Marianne Andries, Thomas M. Eisenbach et Martin Schmalz
mars 2017
We propose a model that addresses two fundamental challenges concerning the timing and pricing of uncertainty: established equilibrium asset pricing models require a controversial degree of preference for early resolution of uncertainty; and do not generate the downward-sloping term structure of...
Stéphane Caprice et Shiva Shekhar
n° 17-771, mars 2017
We consider a set-up with vertical contracting between a supplier and a retail industry where a large retailer competes with smaller retailers that carry a narrower range of products. Consumers are heterogeneous in their shopping costs; they will either be multistop shoppers or one-stop shoppers....
Céline Bonnet, Zohra Bouamra-Mechemache et Timothy J. Richards
n° 16-772, mars 2017
Bargaining power in vertical channels depends critically on the "disagreement profit" or the opportunity cost to each player should negotiations fail. In a multiproduct context, disagreement profit depends on the degree of substitutability among the products offered by the downstream retailer. Horn...
