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9 octobre 2014
Frédéric Cherbonnier et Emmanuel Thibault
8 octobre 2014
Andrea Attar, Thomas Mariotti et François Salanié
n° 14-532, 7 octobre 2014, révision septembre 2016
We study insurance markets in which privately informed consumers can purchase coverage from several insurers. Under adverse selection, multiple contracting severely restricts feasible trades. Indeed, only one budget-balanced allocation is implementable by an entry-proof tariff, and each layer of...
Nicolas Treich
7 octobre 2014
Fanny Camara et Nicolas Dupuis
n° 14-534, 6 octobre 2014
We develop the first structural estimation of reputational cheap-talk games using data on movie reviews released in the US between 2004 and 2013. We identify and estimate movies' priors, as well as movie reviewers' abilities and strategic biases. We find that reviewers adopt reporting strategies...
6 octobre 2014
Adrien Blanchet et Guillaume Carlier
vol. 372, n° 2028, 6 octobre 2014
The notion of Nash equilibria plays a key role in the analysis of strategic interactions in the framework of N player games. Analysis of Nash equilibria is however a complex issue when the number of players is large. In this article, we emphasize the role of optimal transport theory in (i) the...