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Jérôme Renault et Bruno Ziliotto
n° 17-750, janvier 2017
We consider 2-player stochastic games with perfectly observed actions, and study the limit, as the discount factor goes to one, of the equilibrium payoffs set. In the usual setup where current states are observed by the players, we first show that the set of stationary equilibrium payoffs always...
Fabien Gensbittel, Stefano Lovo, Jérôme Renault et Tristan Tomala
n° 17-751, janvier 2017
In a zero-sum asynchronous revision game, players can revise their actions only at exogenous random times. Players’ revision times follow Poisson processes, independent across players. Payoffs are obtained only at the deadline by implementing the last prepared actions in the ‘component game’. The...
Christian Bontemps et Thierry Magnac
n° 16-752, janvier 2017
For the last ten years, the topic of set identification has been much studied in the econometric literature. Classical inference methods have been generalized to the case in which moment inequalities and equalities define a set instead of a point. We review several instances of partial...
Alexandre Cornière (de) et Greg Taylor
n° 17-753, janvier 2017, révision juillet 2019
This paper studies situations in which some consumers rely on a potentially biased intermediary to choose among downstream firms. We introduce the notion that firms' and consumers' payoffs can be congruent or conflicting, and show that this has important implications for the effects of bias. Under...
Francesca Barigozzi, Helmuth Cremer et Kerstin Roeder
n° 17-754, janvier 2017
Our model explains the observed gender-specific patterns of career and child care choices through endogenous social norms. We study how these norms interact with the gender wage gap. We show that via the social norm a couple's child care and career choices impose an externality on other couples, so...
William Gehrlein, Michel Le Breton et Dominique Lepelley
n° 17-755, janvier 2017
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...
Angela.Y Chang, James K. Hammitt, S.C Resch et Lisa A. Robinson
n° 17-756, janvier 2017
In “Global health 2035: a world converging within a generation,” The Lancet Commission on Investing in Health (CIH) adds the value of increased life expectancy to the value of growth in gross domestic product (GDP) when assessing national well-being. To value changes in life expectancy, the CIH...
James K. Hammitt
n° 17-757, janvier 2017
Metrics for valuing environmental, health, and safety policies should be consistent with both the preferences of affected individuals and social preferences for distribution of health risks in the population. Two classes of metrics are widely used: monetary measures (e.g., willingness to pay) and...
Emmanuelle Auriol et Jean-Philippe Platteau
n° 17-759, janvier 2017
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...
Philippe De Donder et Maria Gallego
n° 17-760, janvier 2017
We survey the literature on the positioning of political parties in uni - and multidimensional policy spaces. We keep throughout the survey the assumption that there is an exogenous number of parties who commit to implement their policy proposals once elected. The survey stresses the importance of...
