Recherche avancée

Luis Cabral et David Salant

vol. 36, septembre 2014, p. 48–56

The EU mandated a single standard for second generation wireless telecommunications, whereas the US allowed several incompatible standards to battle for market share. Motivated by this example, we argue that a single standard leads to a free riding problem, and thus to a significant decrease in...

Emmanuelle Auriol et Stefanie Brilon

vol. 117, septembre 2014, p. 149–161

Two types of intrinsically motivated workers are considered: “good” workers care about the mission of an organization, whereas “bad” workers derive pleasure from destructive behavior. Compared to the case with only good motivated workers, the mission-oriented sector has to resort to higher...

Helmuth Cremer et Kerstin Roeder

vol. 124, septembre 2014, p. 392–395

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each period...

Mark Glick, Greg Richards, Margarita Sapozhnikov et Paul Seabright

vol. 5, n° 2, septembre 2014, p. 99–119

This paper investigates whether a search engine’s ordering of algorithmic results has an important effect on website traffic. A website’s ranking on a search engine results page is positively correlated with the clicks that it receives. This could result from the search engine’s accurately...

Kyung Hwan Baik et Jihyun Kim

vol. 170, n° 3, septembre 2014, p. 387–405

We study two-player contests in which, in order to win a prize, each player hires a delegate to expend effort on her behalf; neither party's delegation contract is revealed to the rival party when the delegates choose their effort levels. We obtain first the outcomes of this unobservable-contracts...

1 octobre 2014

Bertille Antoine et Pascal Lavergne

vol. 182, n° 3, septembre 2014, p. 59–69

We consider conditional moment models under semi-strong identification. Identification strength is directly defined through the conditional moments that flatten as the sample size increases. Our new minimum distance estimator is consistent, asymptotically normal, robust to semi-strong...

Andrew Rhodes

vol. 57, n° 1, septembre 2014, p. 161–194

Consumers often incur costs when switching from one product to another. Recently, there has been renewed debate within the literature about whether these switching costs lead to higher prices. We build a theoretical model of dynamic competition and solve it analytically for a wide range of...

Nguyen Phuong Anh et Michel Simioni

vol. 12, n° 2, septembre 2014, p. 1–24

Nonparametric estimation methods are experiencing a growing success in their application in economics. This success comes from the fact that they do not imply any assumption about the object to estimate: probability density function, regression model… and let the data determine an appropriate model...

Daniel F. Garrett

vol. 87, septembre 2014

We consider a model of cost-based procurement in which the principal faces Knightian uncertainty about the agent's preferences for cost reduction. We show that a particularly simple incentive scheme—a menu comprising a fixed-price contract and a cost-reimbursement contract—minimizes the maximum...