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Pierre Dubois et Laura Lasio
n° 14-471, février 2014, révision mars 2018
We provide a method allowing identification of margins in an oligopoly price competition game when prices may not be freely chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory constraints in the pharmaceutical industry. We...
Jean-Pierre Amigues, Gilles Lafforgue et Michel Moreaux
n° 14-472, février 2014
Using a standard Hotelling model of resource exploitation, we determine the optimal consumption paths of three energy resources: dirty coal, which is depletable and carbon-emitting; clean coal, which is also depletable but carbon-free thanks to an abatement technology (CCS: Carbon Capture and...
Matthew Adler et Nicolas Treich
n° 14-500, février 2014
Most economic problems combining risk and equity have been studied under utilitarianism. As an alternative, we study consumption decisions under risk assuming a prioritarian social welfare function. Under a standard assumption about the utility function (i.e., decreasing absolute risk aversion),...
n° 823, février 2014
Marion Desquilbet et Sylvaine Poret
Springer Netherlands, vol. 37, février 2014, p. 51–82
Xavier Gabaix, Augustin Landier et Julien Sauvagnat
vol. 124, n° 574, février 2014, p. 40–59
In the `size of stakes' view quantitatively formalised in Gabaix and Landier (2008), CEO compensation reflects the size of firms affected by talent in a competitive market. The years 2004-2011 were not part of the initial study and offer a laboratory to examine the theory with new positive and...
Abdelaati Daouia, Stéphane Girard et Armelle Guillou
vol. 178, n° 2, février 2014, p. 727–740
The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for complete envelopment frontier models that often suffer from lack of...
Josh Lerner et Jean Tirole
vol. 343, n° 6174, février 2014, p. 972–973
Technological standards are ubiquitous, whether they allow consumers to communicate seamlessly across wireless networks or manufacturers to procure goods across complex global supply chains. These standards—shaped by standard-setting organizations (SSOs) and participating engineers, academics,...
Astrid Hopfensitz, Emiliano Lorini et Frédéric Moisan
vol. 37, n° 1, février 2014, p. 85–87
The two-dimensional map by Bentley et al. concerns decision-making and not games. The east–west dimension is interpreted as the level at which individuals identify with some larger group. We think that this should be linked to the concept of social ties. We argue that social ties will lead to...
Peter Filzmoser, Anne Ruiz-Gazen et Christine Thomas-Agnan
vol. 55, n° 1, février 2014, p. 29–47
