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Thai Ha-Huy, Quang Le Van et Manh-Hung Nguyen
avril 2013
We consider a model with an infinite numbers of states of nature, von Neumann - Morgenstern utilities and where agents have different prob- ability beliefs. We show that no-arbitrage conditions, defined for finite dimensional asset markets models, are not sufficient to ensure existence of...
James K. Hammitt et Christoph Rheinberger
Assessing the welfare impact of consumer health advisories is a thorny task. Recently, Shimshack and Ward (2010) studied how U.S. households responded to FDA’s 2001 mercury-in-fish advisory. They found that the average at-risk household reduced fish consumption by about 24%, resulting in a 21%-...
Zohra Bouamra-Mechemache et Yu Jianyu
n° 13-417, avril 2013
This paper investigates the collective choice of production standards by farmer and pro- cessor groups within a vertical food supply chain, taking into account their competition behaviors. In a context in which raising standards cannot translate into a direct price premium to consumers, we develop...
Christian Bontemps
n° 772, avril 2013, révision octobre 2014
In this paper, we develop moment-based tests for parametric discrete distributions. Momentbased test techniques are attractive as they provide easy-to-implement test statistics. We propose a general transformation that makes the moments of interest insensitive to the parameter estimation...
Liran Einav, Chiara Farronato, Jonathan Levin et Suresh Sundaresan
Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers o§ering these items, cannot account for this evolution. Instead, the returns to...
Jean-François Bonnefon, Wim De Neys et Astrid Hopfensitz
vol. 9, n° 2, avril 2013
Hormones can make us trust or distrust other people. Testosterone, in particular, appears to decrease feeling of trust. It had been assumed so far that testosterone made us less trusting because it made us better at spotting cheaters. This paper, however, suggests that testosterone makes us bluntly...
Marc Ivaldi
André Blais, Jean-François Laslier et Karine Van Der Straeten
vol. 46, n° 2, avril 2013, p. 324–328
Holger Stichnoth et Karine Van Der Straeten
vol. 27, n° 2, avril 2013, p. 364–389
