Recherche avancée

Audrey Desbonnet et Sumudu Kankanamge

vol. 1, n° 8, 2017, p. 1996–2032

Fuhito Kojima et Takuro Yamashita

vol. 12, n° 3, 2017, p. 1393–1438

We study a double auction environment where buyers and sellers have interdependent valuations and multi-unit demand and supply. We propose a new mechanism which satisfies ex post incentive compatibility, individual rationality, feasibility, non-wastefulness, and no budget deficit. Moreover, this...

Jeffrey Ely, Daniel F. Garrett et Toomas Hinnosaar

vol. 15, n° 6, décembre 2017, p. 1258–1301

We consider optimal pricing policies for airlines when passengers are uncertain at the time of ticketing of their eventual willingness to pay for air travel. Auctions at the time of departure efficiently allocate space and a profit maximizing airline can capitalize on these gains by overbooking...

Philippe De Donder et Marie-Louise Leroux

vol. 49, n° 3-4, décembre 2017, p. 755–786

We develop a model where families consist of one parent and one child, with children differing in income and all agents having the same probability of becoming dependent when old. Young and old individuals vote over the size of a social long term care transfer program, which children complement...

Céline Nauges et Dale Whittington

vol. 91, 2017, p. 125–143

Erwan Pierre, Stéphane Villeneuve et Xavier Warin

vol. 8, n° 1, 2017, p. 54–81

We consider a singular control problem with regime switching that arises in problems of optimal investment decisions of cash-constrained firms. The value function is proved to be the unique viscosity solution of the associated Hamilton-Jacobi-Bellman equation. Moreover, we give regularity...

Emmanuelle Auriol, Erling Hjelmeng et Tina Søreide

n° 1, 2017

Cet article étudie comment les jeux de la règlementation, des contrôles et des sanctions destinées à protéger les consommateurs et les contribuables contre les abus des entreprises, à savoir les programmes de clémences et de procédures négociées dans le cas de lutte contre les ententes, et les...

Jean-François Bonnefon, Marco Heimann et Katia Lobre-Lebraty

vol. 12, n° 2, 2017, p. 200–215

Laurent Fresard, Ulrich Hege et Gordon Phillips

vol. 30, n° 5, 2017, p. 1539–1582

We investigate the role of industry specialization in horizontal cross-border merg- ers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of industry...

Bruno Jullien, Jérôme Pouyet et Wilfried Sand-Zantman

vol. 48, n° 3, 2017, p. 733–748

We analyze early contracting when a seller has private information on the future gains from trade and the buyer can bypass. Despite ex-post trade occurring under complete information and being efficient, early negotiation with an informed seller allows the uninformed buyer to improve her bargaining...