Jump to navigation
Marco Batarce et Marc Ivaldi
vol. 59, janvier 2014, p. 331–345
We formulate and estimate a structural model for travel demand in which users have heterogeneous preferences and make their transport decisions based on network congestion. A key component in the model is the infinite number of users in the network, all of whom have common knowledge about the...
Lubomir P. Litor, Simone M. Sepe et Charles Whitehead
vol. 102, n° 2, janvier 2014, p. 413–480
The accepted wisdom — that a lawyer who becomes a corporate director has a fool for a client — is outdated. The benefits of lawyer-directors in today’s world significantly outweigh the costs. Beyond monitoring, they help manage litigation and regulation, as well as structure compensation to align...
Tadashi Hashimoto, Daisuke Hirata, Onur Kesten, Morimitsu Kurino et Utku Ünver
janvier 2014
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Per Olov Lindberg, Lars-Göran Mattsson et Jörgen W. Weibull
vol. 59, janvier 2014, p. 81–95
Bruno Biais
30 janvier 2014
Vincent Réquillart
Stéphane Straub
n° 14-461, 29 janvier 2014
In 2008, an opposition coalition defeated the Paraguayan Colorado Party, which had been in power for 61 years, including 35 years of the longest dictatorship in South America. Using data of all the public procurement transactions from 2004 through 2011 and the political connections of the 700...
Christian Gollier
28 janvier 2014
Thomas-Olivier Léautier
n° 14-460, 27 janvier 2014
Price caps are often used by policy makers to "regulate markets". Previous analyses have focussed on the "supply side" impact of these caps, and derived the optimal price cap, which maximizes investment and welfare. This article expands the analysis to include the "demand side" impact of price caps...
Marc Ivaldi
23 janvier 2014
