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Stefan Ambec et Yann Kervinio
vol. 46, 2016, p. 119–155
We consider the decentralized provision of a global public good with local external- ities in a spatially explicit model. Communities decide on the location of a facility that benefits everyone but exhibits costs to the host and its neighbors. They share the costs through transfers. We examine the...
Claude Crampes et Mathias Laffont
vol. 17, n° 3-4, 2016
In this paper, we revisit the 2009-2012 episode in which Ofgem imposed a non-discrimination clause on large retailers in the UK energy market. The Standard Licence Condition 25A (SLC 25A) was introduced to prevent suppliers from charging their incumbent customers higher prices than their out-of-...
Robert G. King, Yang Lu et Ernesto Pasten
vol. 84, décembre 2016, p. 233–249
How should policy be optimally designed when a monetary authority faces a private sector that is somewhat skeptical about policy announcements and which interprets economic data as providing evidence about the monetary authorityís preferences or its ability to carry through on policy plans? To...
Christoph Rheinberger, Daniel Herrera-Araujo et James K. Hammitt
vol. 50, décembre 2016, p. 247–255
We present an integrated valuation model for diseases that are life-threatening. The model extends the standard one-period value-per-statistical-life model to three health prospects: healthy, ill, and dead. We derive willingness-to-pay values for prevention efforts that reduce a disease's incidence...
Miling Li, Katherine von Stackelberg, Christoph Rheinberger, James K. Hammitt, David P. Krabbenhoft, Runsheng Yin et Elsie M. Sunderland
vol. 4, n° 103, 2016
Methylmercury (MeHg) exposure can cause adverse health effects in children and adults and is predominantly from seafood consumption in the United States (U.S.). Here we examine evidence for differences in MeHg uptake and metabolism in U.S. individuals who consume three or more fish meals per week....
Johannes Hörner et Andrzej Skrzypacz
vol. 124, décembre 2016, p. 1515–1562
A firm considers hiring an agent who may be competent for a potential project or not. The agent can prove her competence but faces a holdup problem. We propose a model of persuasion and show how gradualism helps mitigate the holdup problem. We show when it is optimal to give away part of the...
Michel Simioni, Christine Thomas-Agnan et Thi-Huong Trinh
vol. 14, n° 1, 2016, p. 11–26
Recent research on calorie intake and income relationship abounds with parametric models but usually gives inconclusive results. Our paper aims at contributing to this literature by using recent advances in the estimation of generalized additive models with penalized spline regression smoothing (...
Estelle Malavolti
vol. 14, 2016, p. 3696–3703
Big airports profits are more and more often coming from commercial activities such as retailing. However, commercial services are relatively far from the original mission of the airport: providing airlines with aviation services such as ground handling, terminal management or airside operations,...
Paul Seabright
vol. 22, n° 3, 2016, p. 509–510
Roland Bénabou et Jean Tirole
vol. 30, n° 30, Summer 2016, p. 141–164
