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Ingela Alger et Jörgen W. Weibull
vol. 81, n° 6, novembre 2013, p. 2269–2302
What preferences will prevail in a society of rational individuals when preference evolution is driven by the resulting payoffs? We show that when individuals' preferences are their private information, a convex combination of selfishness and morality stands out as evolutionarily stable. We call...
Catarina Goulão et Emmanuel Thibault
vol. 13, n° 2, novembre 2013, p. 577–612
We look at the effects of physical activity (PA) recommendation policies by considering a social multiplier model in which individuals differ in their concern for PA. The government can either observe this concern (and implement the First Best) or not (and implement a uniform policy). Whichever the...
Silvia Rossetto
vol. 4, n° 2, novembre 2013, p. 667–687
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is a mean for a capital constrained initial investor to exit and thereby to raise funds for a new investment opportunity. This investor is privately informed vis-a-vis outside investors about the...
Zhijun Chen et Patrick Rey
vol. 56, n° 4, novembre 2013, p. 917–957
Alessandro Avenali, Anna D’Annunzio et Pierfrancesco Reverberi
vol. 43, n° 3, novembre 2013, p. 221–241
We investigate how bundling affects investment in product quality, and derive welfare implications. A monopolist in a primary market competes with a rival in a complementary market. Bundling is the monopolist’s preferred strategy, since it either extracts surplus from the rival’s investment, or...
Bruno Jullien, Patrick Rey et Wilfried Sand-Zantman
vol. 31, n° 6, novembre 2013, p. 738–750
We reconsider the question of the optimal level of termination fees between communication networks in the context of heterogeneous usage and elastic participation. The interaction between these two features yields new insights; in our model: i) The profit maximizing reciprocal termination fee is...
Augustin Landier et David Thesmar
Flammarion, novembre 2013, 160 pages
Augustin Landier
28 novembre 2013
Nicolas Treich
23 novembre 2013
21 novembre 2013
