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17 octobre 2015
Paul Seabright
16 octobre 2015
Philippe De Donder
14 octobre 2015
Stefan Ambec et Jessica Coria
12 octobre 2015
Bruno Biais
8 octobre 2015
Augustin Landier et David Thesmar
Amin Karimu (Umeå School of Business and Economics Umeå University)
Mercure Atria Compans Caffarelli, Toulouse, France, septembre 2015
Yinghua He, Antonio Miralles, Marek Pycia et Jianye Yan
n° 15-601, septembre 2015, révision juillet 2017
We propose a pseudo-market mechanism for no-monetary-transfer allocation of indivisible objects based on priorities such as those in school choice. Agents are given token money, face priority-specific prices, and buy utility-maximizing random assignments. The mechanism is asymptotically incentive...
Stefan Ambec et Claude Crampes
n° 15-603, septembre 2015, révision mai 2019
We examine the impact of public policies that aim to decarbonate electricity production by replacing fossil fuel energy by intermittent renewable sources, namely wind and solar power. We consider a model of energy investment and production with two sources of energy: one is clean but intermittent (...
Ludwig Straub et Robert Ulbricht
n° 15-604, 1 octobre 2015, révision décembre 2017
We develop a theory of endogenous uncertainty where the ability of investors to learn about firm-level fundamentals declines during financial crises. At the same time, higher uncertainty reinforces financial distress, causing a persistent cycle of uncertainty, pessimistic expectations, and...
