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Paul Beaudry, Patrick Fève, Alain Guay et Franck Portier
n° 16-738, novembre 2016
Identification of structural shocks can be subject to nonfundamentalness, as the econometrician may have an information set smaller than the economic agents´i one. How serious is that problem from a quantitative point of view? In this work we propose a simple diagnosis statistics for the...
Christophe Lévêque et Mohamed Saleh
n° 17-758, novembre 2016, révision mai 2017
We investigate the impact of state industrialization on residential segregation between Muslims and non-Muslims in nineteenth-century Cairo using individual-level census samples from 1848 and1868. We measure local segregation by a simple inter-group isolation index, where Muslims' (non-Muslims')...
Giuseppe Marco Attanasi, Astrid Hopfensitz, Emiliano Lorini et Frédéric Moisan
vol. 90, novembre 2016, p. 86–109
We study the impact of social ties on behavior in two types of asymmetric coordination games. Social ties are varied by making players interact with partners from different in-groups (fellow members of their own sports team, members of their sports club, students of their university). Subjective...
Daniel F. Garrett
vol. 106, n° 11, novembre 2016, p. 3275–3299
We study the profit-maximizing price path of a monopolist selling a durable good to buyers who arrive over time and whose values for the good evolve stochastically. The setting is completely stationary with an infinite horizon. Contrary to the case with constant values, optimal prices fluctuate...
Katrin Cremers, Fabian Gaessler, Dietmar Harhoff, Christian Helmers et Yassine Lefouili
vol. 131, novembre 2016, p. 218–242
In bifurcated patent litigation systems, claims of infringement and validity of a patent are decided independently of each other in separate court proceedings at different courts. In non-bifurcated systems, infringement and validity are decided jointly in the same proceedings at a single court. We...
Jean-Paul Azam et Mario Ferrero
vol. 22, n° 4, novembre 2016, p. 357–364
The Herostratos syndrome affects some people who perpetrate odious attacks for the sake of infamy. We suggest that this sheds some useful light to explain the wave of mass killing going on in Europe and North America, including school shootings and Jihadist terrorism, within a game-theoretic...
Fred Schroyen et Nicolas Treich
vol. 100, novembre 2016, p. 46–48
The relationship between wealth and power has long been debated. Nevertheless, this relationship has been rarely studied in a strategic game. In this paper, we study wealth effects in a strategic contest game. Two opposing effects arise: wealth reduces the marginal cost of effort but it also...
Patrick Fève, Tannous Kass-Hanna et Mario Pietrunti
vol. 148, novembre 2016, p. 76–79
This paper provides an analytical characterization of the effects of noisy news shocks on fiscal policy. We consider a small-scale Dynamic Stochastic General Equilibrium (DSGE) model with capital accumulation and endogenous labor supply and show that noise dampens the propagation of anticipated...
Raja Chakir, Thibault Laurent, Anne Ruiz-Gazen, Christine Thomas-Agnan et Céline Vignes
vol. 18, novembre 2016, p. 246–262
We consider the problem of land use prediction at di erent spatial scales using point level data such as the Teruti-Lucas (T-L hereafter1) survey and some explanatory variables. We analyze the components of the prediction error using a synthetic data set constructed from the Teruti-Lucas points in...
Joyee Deb, Julio Gonzalez-Diaz et Jérôme Renault
vol. 100, novembre 2016, p. 1–23
We study infinitely repeated anonymous random matching games played by communities of players, who only observe the outcomes of their own matches. It is well known that cooperation can be sustained in equilibrium for the prisoner's dilemma, but little is known beyond this game. We study a new...
