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Augustin Landier
19 septembre 2013
Thomas-Olivier Léautier et Jean-Charles Rochet
n° 13-433, 14 septembre 2013
This article examines how firms facing volatile input prices and holding some degree of market power in their product market link their risk management and their production or pricing strategies. This issue is relevant in many industries ranging from manufacturing to energy retailing, where risk...
Kenneth J. Arrow, Maureen Cropper, Christian Gollier, Ben Groom, Geoffrey Heal, R. Newell, William D. Nordhaus, R. Pindyck, W. Pizer, P. Portney, Thomas Sterner, R. Tol et Martin L. Weitzman
12 septembre 2013
In project analysis, the rate at which future benefits and costs are discounted often determines whether a project passes the benefit-cost test. This is especially true of projects with long horizons, such as projects to reduce greenhouse gas (GHG) emissions. The benefits of reduced GHG emissions...
9 septembre 2013
6 septembre 2013
Helmuth Cremer et Kerstin Roeder
n° 13-424, août 2013
This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible commitments (which rules out e¢ cient bargaining). The model is...
Mohamed Saleh
n° 13-428, août 2013, révision novembre 2017
Inter-religion socioeconomic differences are often attributed to religion. Instead, I trace the phenomenon in Egypt to self-selection-on-socioeconomic-status during Egypt’s conversion from Coptic Christianity to Islam. Self-selection was driven by a regressive tax-on-religion that was imposed upon...
Bruno Jullien et Alessandro Pavan
n° 13-429, août 2013, révision novembre 2017
We study monopoly and duopoly pricing in a two-sided market with dispersed information about users' preferences. We first show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the latter shapes the elasticity of the demands and thereby the...
Matthew Gentzkow et Jesse Shapiro
août 2013
News consumption is moving online. If this move fundamentally changes how news is produced and consumed it will have important ramifications for politics. In this chapter we formulate a model of the supply and demand of news online that is motivated by descriptive features of online news...
Michel Le Breton, Juan D. Moreno-Ternero, Alexei Savvateev et Shlomo Weber
vol. 42, n° 3, août 2013, p. 673–694
