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Jean-Jacques Dethier, Alex Moore et Stéphane Straub
vol. 45, n° 2, 2014, p. 209–232
The paper examines the capital structure of regulated infrastructure firms. The authors develop a model showing that leverage, the ratio of liabilities to assets, is lower under high-powered regulation and that firms operating under high-powered regulation make proportionally larger reductions in...
David Martimort et Wilfried Sand-Zantman
vol. 65, n° 4, 2014, p. 481–197
Cet article offre une perspective nouvelle sur les accords environnementaux, perspective basée sur la théorie des mécanismes incitatifs. Nous montrons l’existence d’un arbitrage fondamental entre incitations et participation et présentons une condition qui doit être nécessairement satisfaite pour...
Jean-Paul Azam et Véronique Thelen
vol. 28, 2014, p. 263–288
This paper reviews some findings by Azam and Thelen (2008, 2010, 2012) that illustrate how foreign aid is used by rich countries to purchase the services of recipient governments with a view to protect or promote their economic and political interests. In particular, these findings show that...
Dominique Bontemps et Sébastien Gadat
vol. 8, n° 1, 2014, p. 1522–1568
Magali Champion, Christine Cierco, Sébastien Gadat et Matthieu Vignes
vol. 155, décembre 2014, p. 19–41
D. Dedieu, C. Delpierre, Sébastien Gadat, T. Lang, Benoît Lepage et N. Savy
2014
Claude Crampes et Mathias Laffont
vol. 15, n° 1, 2014, p. 32–58
This article provides an economic view on how the connection to a distribution network should be priced when the operator considers the spatial distribution of consumers. It highlights the impact of public service constraints on the investment in service quality, the size of the network and the...
Tuba Tuncel et James K. Hammitt
vol. 68, n° 1, 2014, p. 175–187
This study reports a new meta-analysis of papers that elicit willingness-to-pay (WTP) and willingness-to-accept compensation (WTA) measures of value for the same good. We investigate the effects of type of good and several survey-design features on the WTP/WTA disparity, measured as the logarithm...
Christoph Rheinberger et James K. Hammitt
vol. 37, 2014, p. 113–122
Assessing the welfare impact of consumer health advisories is a thorny task. Recently, Shimshack and Ward (2010) studied how U.S. households responded to FDA’s 2001 mercury-in-fish advisory. They found that the average at-risk household reduced fish consumption by 21%, resulting in a 17%-reduction...
Renato Gomes
vol. 45, n° 2, Summer 2014, p. 248–272
A key feature of online markets for advertising (e.g., sponsored links) is that clicking rates depend on the searchers' expectations that the platform selects relevant advertisers. This article studies auction design by a platform that maximizes profits in the long run, where clicking rates are...
