Jump to navigation
Frédéric Cherbonnier
11 août 2014
Stéphane Caprice, Vanessa von Schlippenbach et Christian Wey
n° 14-524, juillet 2014
Considering a vertical structure with perfectly competitive upstream firms that deliver a homogenous good to a differentiated retail duopoly, we show that upstream fixed costs may help to monopolize the downstream market. We find that downstream prices increase in upstream firms'fixed costs when...
Helmuth Cremer et Firouz Gahvari
n° 14-510, juillet 2014
We show that the celebrated Atkinson and Stiglitz (1976) result on the uniformity of the commodity tax rates when preferences are weakly separable between goods and leisure does not hold when (at least) one of the goods is produced within the household. The result is restored if preferences are...
Michel Le Breton et Karine Van Der Straeten
n° 14-511, juillet 2014
In this paper, we clarify the relationship between influence/power measurement and utility measurement, the most popular two social objective criteria used when evaluating voting mechanisms. For one particular probabilistic model describing the preferences of the electorate, the so-called Impartial...
Volker Nocke et Patrick Rey
n° 14-515, juillet 2014, révision juin 2018
We develop a model of interlocking bilateral relationships between upstream manufacturers that produce differentiated goods and downstream retailers that compete imperfectly for consumers. Contract offers and acceptance decisions are private information to the contracting parties. We show that both...
Rachel Croson et Nicolas Treich
Springer Netherlands, vol. 58, n° 3, juillet 2014, p. 335–351
Environmental issues provide a rich ground for identifying the existence and consequences of human limitations. In this paper, we present a growing literature lying at the interface between behavioral and environmental economics. This literature identifies alternative solutions to traditional...
Renato Gomes et Kane Sweeney
vol. 86, juillet 2014, p. 421–437
We develop a Bayes–Nash analysis of the generalized second-price (GSP) auction, the multi-unit auction used by search engines to sell sponsored advertising positions. Our main result characterizes the efficient Bayes–Nash equilibrium of the GSP and provides a necessary and sufficient condition that...
Yinghua He, Ulf Nielsson, Hong Guo et Jiong Yang
vol. 44, juillet 2014, p. 189–206
The paper empirically explores how more trade transparency affects market liquidity. The analysis takes advantage of a unique setting in which the Shanghai Stock Exchange offered more trade transparency to market participants subscribing to a new software package. First, the results show that the...
Fabien Gensbittel, Miquel Oliu-Barton et Xavier Venel
vol. 1, n° 3, juillet 2014, p. 411–445
Jérôme Renault
vol. 1, n° 3, juillet 2014, p. 471–484
