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Viktor Todorov (Northwestern University)
Siège social SCOR, Paris, 10 janvier 2014
Thomas-Olivier Léautier
n° 13-459, 6 janvier 2014
This article is the first to examine electric power producers' investment decisions when com- petition is imperfect and the transmission grid congested. This analysis yields numerous original insights. First, congestion on the grid is transient, and may disappear when demand is highest. Second,...
2013
Christian Bontemps, Bruno Fenou et Nour Meddahi
Andrea Attar, Soenje Reiche et Roland Strausz
Gary Biglaiser, Jacques Crémer et Gergely Dobos
n° 13-451, décembre 2013, révision octobre 2015
We consider a simple two period model where consumers have different switching costs. Before the market opens, there was an incumbent who sold to all consumers. We identify the equilibrium both with Stackelberg and Bertrand competition and show how the presence of low switching cost consumers...
Philippe De Donder et Pierre Pestieau
n° 13-454, décembre 2013, révision janvier 2015
We provide an explanation for why estate taxation is surprisingly little used over the world, given the skewness of the estate distribution. Taxing estates implies meddling with intra-family decisions, which may be frown upon by many. At the same time, the concentration of estates means that a low...
Bob Evans et Soenje Reiche
décembre 2013
We characterize decision rules which are implementable in mechanism design settings when, after the play of a mechanism, the uninformed party can propose a new mechanism to the informed party. The necessary and sufficient conditions are, essentially, that the rule would be implementable if parties...
Henrik Andersson, Arne Risa Hole et Mikael Svensson
n° 13-465, décembre 2013
This study elicits individual preferences for reducing morbidity and mortality risk in the context of an infectious disease (campylobacter) using choice experiments. Respondents are in the survey asked to choose between different policies that, in addition to the two health risks, also vary with...
Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten et John Van Reenen
The Census Bureau recently conducted a survey of management practices in over 30,000 plants across the US, the first large-scale survey of management in America. Analyzing these data reveals several striking results. First, more structured management practices are tightly linked to higher levels of...
