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Anna D’Annunzio et Pierfrancesco Reverberi
vol. 40, n° 4, avril 2016, p. 353–367
Stéphane Bonhomme, Koen Jochmans et Jean-Marc Robin
avril 2016, p. 540–563
Helmuth Cremer et Pierre Pestieau
n° 16-629, mars 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do this...
Gary Biglaiser et Jacques Crémer
n° 16-630, mars 2016, révision novembre 2016
We study the dynamics of competition in a model with network effects, an incumbent and entry. We propose a new way of representing the strategic advantages of incumbency in a static model and embed it in a dynamic framework with heterogeneous consumers. We completely identify the conditions under...
Marc Ivaldi et Vicente Lagos
n° 16-631, mars 2016
This paper aims to evaluate the coordinated effects of horizontal mergers by simulating its impact on firms’ critical discount factors. The simulation setting considers a model with a random coefficient discrete choice demand and heterogeneous price-setting firms on the supply side. The results...
Simon P. Anderson et Bruno Jullien
n° 16-632, mars 2016
This chapter focuses on the economic mechanisms at work in recent models of advertising finance in media markets developed around the concept of two-sided markets. The objective is to highlight new and original insights from this approach, and to clarify the conceptual aspects. The chapter first...
Astrid Hopfensitz, Cesar Mantilla et Josepa Miquel-Florensa
n° 16-633, mars 2016, révision juin 2016
We design and conduct a lab-in-the-field experiment to test the effect of a conditional contract on the sustainability of an open access fishery, where unit prices are conditional on aggregate catch. The contract provides collective incentives to decrease extraction but maintain the individual...
Patrick Fève et Mario Pietrunti
n° 16-634, mars 2016
This paper investigates the macroeconomic effects of fiscal policy in a setting in which private agents receive noisy signals about future shocks to government expenditures. We show how to empirically identify the relative weight of news and noise shocks to government spending and compute the level...
Christoph Rheinberger et Nicolas Treich
n° 16-635, mars 2016
In light of climate change and other global threats, policy commentators sometimes urge that society should be more concerned about catastrophes. This paper reflects on what society’s attitude toward low-probability, high-impact events is, or should be. We first argue that catastrophe risk can be...
Hanna Halaburda, Bruno Jullien et Yaron Yehezkel
n° 16-636, mars 2016, révision juillet 2019
We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the market in the previous period be- comes \focal" in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists....
