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Mariann Ollar et Antonio Penta
n° 24-1558, août 2024
We study a framework for robust mechanism design that can accommodate various degrees of robustness with respect to agents’ beliefs, and which includes both the belief-free and Bayesian settings as special cases. For general belief restrictions, we characterize the set of incentive compatible...
Michael Albertus et Victor Gay
n° 24-1557, août 2024, révision février 2025
Early modern European powers were beset by episodic unrest as they sought to con-solidate authority and build empires. We examine how growing state communication networks and increased state activity impacted rural unrest by combining original and detailed parish-level data from pre-revolutionary...
Giuseppe Marco Attanasi, Roberta Dessi, Frédéric Moisan et Donald Robertson
vol. 224, août 2024, p. 580–597
Individuals’ decisions to behave prosocially (or the contrary) can often be observed by other individuals, with no direct connection to them, but who may nevertheless be influenced by them (e.g. through social media). Does knowing that they may be viewed as role models by other, notably younger,...
Elias Albagli, Christian Hellwig et Aleh Tsyvinski
vol. 79, n° 4, août 2024, p. 2715–2758
We study noisy aggregation of dispersed information in financial markets without imposing parametric restrictions on preferences, information, and return distributions. We provide a general characterization of asset returns by means of a risk-neutral probability measure that features excess weight...
Abdelaati Daouia, Gilles Stupfler et Antoine Usseglio-Carleve
n° 24-1565, 26 août 2024, révision décembre 2024
The use of the Expected Shortfall as a solution for various deficiencies of quantiles has gained substantial traction in the field of risk assessment over the last 20 years. Existing approaches to its inference at extreme levels remain limited to distributions that are both heavy-tailed and have a...
Romain Espinosa et Nicolas Treich
vol. 68, n° 3, juillet 2024, p. 541–566
We argue that it is both possible and timely to relax the assumption of anthropocentrism in agricultural and resource economics. We advocate for the incorporation of sentientist principles by including the welfare of sentient animals within the social welfare function. To exemplify this non-...
Antoine Doury, Sébastien Gadat et Samuel Somot
vol. 62, juillet 2024, p. 8587–8613
High resolution regional climate models (RCM) are necessary to capture local precipitation but are too expensive to fully explore the uncertainties associated with future projections. To resolve the large cost of RCMs, Doury et al. (2023) proposed a neural network based RCM-emulator for the near...
Radia Bacha, Farid Gasmi et Samantha Metevier
vol. 48, n° 6, juillet 2024
Using a 2003–2019 dataset on broadband adoption in Algeria, we explore its pattern and the market structure, institutional, and socio-economic factors that influenced its pace, which was considerably delayed due to political and social instability during the decade of the 1990s. We propose an...
Margot Dazey et Victor Gay
n° 24-164, juillet 2024
How is support for right-wing populist parties affected by exposure to Muslim visibility? Using an original database on French mosques, this article analyzes the relationship between the presence of mosques and support for the Front National at the polling station level in the late 2000s. It finds...
Daniel L. Chen et Eric Reinhart
n° ewae016, juillet 2024
Scholars since Hume and Smith have debated possible causal connections between market experiences and moral beliefs. Here, we study the impact of market interactions on utilitarian versus deontological values, charitable donations, and whether individuals have differential in-group/out-group moral...
