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Bruno Biais et Augustin Landier
n° 788, mai 2013
The rents agents can extract from principals increase with the magnitude of incentive problems, which the literature usually takes as given. We endogenize it, by allowing agents to choose technologies that are more or less opaque and correspondingly prone to agency problems. In our overlapping...
Liran Einav et Jonathan Levin
mai 2013
Many believe that “big data” will transform business, government and other aspects of the economy. In this article we discuss how new data may impact economic policy and economic research. Large-scale administrative datasets and proprietary private sector data can greatly improve the way we measure...
Ittai Abraham, Susan Athey, Moshe Babaioff et Michael Grubb
This paper studies the role of information asymmetries in second price, common value auctions. Motivated by information structures that arise commonly in applications such as online advertising, we seek to understand what types of information asymmetries lead to substantial reductions in revenue...
Fabian Bergès, Daniel Hassan et Sylvette Monier-Dilhan
vol. 65, mai 2013, p. 1–16
The evolution of private labels (PLs) can be understood in terms of a strategy adopted by the retail industry with the aim of competing with national brands (NBs). In the 1990s, this strategy led to the development of “me too” products, which currently represent the largest share of store brand...
Céline Bonnet, Pierre Dubois, Daniel Klapper et Sofia B. Villas-Boas
mai 2013, p. 500–515
David Martimort et Wilfried Sand-Zantman
Toronto, vol. 46, n° 2, mai 2013, p. 361–378
Résoudre le problème du réchauffement climatique global : au-delà des marchés, des mécanismes simples peuvent aider. Ce texte examine l'utilité et la performance de mécanismes simples pour mettre en place des accords environnementaux internationaux dans le contexte des externalités multilatérales...
Thomas Chaney et Ralph Ossa
vol. 90, n° 1, mai 2013, p. 177–180
Gary Biglaiser, Jacques Crémer et Gergely Dobos
vol. 148, n° 3, mai 2013, p. 935–952
We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first show that if all consumers have the same switching cost, then the intertemporal profits of the incumbent are the same as if there was only one period. We then study the consequences of heterogeneity...
Jean-François Bonnefon, Matthew Haigh et Andrew Stewart
vol. 68, n° 4, mai 2013, p. 350–361
N. Costa, O. Deguine, B. Fraysse, L. Lejalé et L. Molinier
Elsevier, vol. 16, n° 3, mai 2013
OBJECTIVES Cochlear implants (CI) are electronic devices introduced surgically into the inner ear. This is the only medical treatment for profound total deafness. CI is particularly useful in children because they can have an impact on the children education. The aim of this study is to assess the...
