Jump to navigation
Augustin Landier
5 novembre 2013
Frédéric Cherbonnier
4 novembre 2013
Marion Desquilbet, Bruno Dorin et Denis Couvet
n° 13-435, octobre 2013, révision octobre 2015
We analyze how intensive versus extensive farming systems affect land use, biodiversity, and welfare when these production systems are compared at market equilibrium rather than for a target production level. As long as demand reacts to prices and extensive farming has higher production costs,...
Christian Gollier
octobre 2013
Jean-Pierre Amigues, Alain Ayong Le Kama et Michel Moreaux
n° 13-440, octobre 2013, révision mars 2015
We study the transition between non renewable and renewable energy sources with adjustment costs over the production capacity of renewable energy. Assuming constant variable marginal costs for both energy sources, convex adjustment costs and a more expensive renewable energy, we show the following...
Christophe Courbage, Béatrice Rey et Nicolas Treich
n° 13-445, octobre 2013
This chapter surveys the economic literature on prevention and precaution. Prevention refers as either a self-protection activity – i.e. a reduction in the probability of a loss – or a self-insurance activity – i.e. a reduction of the loss –. Precaution is defined as a prudent and temporary...
Bruno Biais, Jean-Charles Rochet et Paul Woolley
n° 13-448, octobre 2013
We study the dynamics of an innovative industry when agents learn about the likelihood of negative shocks. Managers can exert risk-prevention effort to mitigate the consequences of shocks. If no shock occurs, confidence improves, attracting managers to the innovative sector. But, when condence...
Bob Evans et Soenje Reiche
We analyze a cheap talk model with three possible decisions and two experts, one biased and one unbiased. Sequential public communication is always optimal for the decision maker. The optimal ordering of speaking depends on the conflict indices of the two experts, where the conflict index of an...
Glenn Ellison et Sara Fisher Ellison
The Internet is a nearly perfect market because information is instantaneous and buyers can compare the offerings of sellers worldwide. The result is fierce price competition, dwindling product differentiation, and vanishing brand loyalty. Robert Kuttner, Business Week, May 11, 1998. The explosive...
Susan Athey et Scott Stern
This paper evaluates the nature, relative incidence and drivers of software piracy. In contrast to prior studies, we analyze data that allows us to measure piracy for a specific product – Windows 7 – which was associated with a significant level of private sector investment. Using anonymized...
