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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...
Renato Gomes, Jean-Marie Lozachmeur et Alessandro Pavan
n° 17-773, mars 2017
We develop a framework to study optimal sector-specific taxation, where each agent chooses an occupation by comparing her skill differential with the tax burden differential across sectors. Because skills are not perfectly transferable, the Diamond-Mirrlees theorem (according to which the second-...
Patrick Fève, Julien Matheron et Jean-Guillaume Sahuc
n° 17-774, mars 2017
In a neoclassical growth model with incomplete markets and heterogeneous, liquidity-constrained agents, the properties of the Laffer curve depend on whether debt or transfers are adjusted to balance the government budget constraint. The Laffer curve conditional on public debt is horizontally S-...
Fabian Gaessler et Yassine Lefouili
n° 17-775, mars 2017
This paper examines court selection by plaintiffs in patent litigation. We build a forum shopping model that provides a set of predictions regarding plaintiffs' court preferences, and the way these preferences depend on the market proximity between the plaintiff and the defendant. Then, using a...
