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Bruno Jullien
n° 11-223, octobre 2010, révision mars 2011
This chapter provides a roadmap to the burgeoning literature on two-sided markets with a specific focus on BtoB market places. On-line intermediation involves two-sided network effects between buyers and sellers, and the implications for optimal BtoB platforms’ tariffs are discussed. The chapter...
Pierre Dubois, Jean-Charles Rochet et Jean-Marc Schlenker
n° 12-307, octobre 2010, révision mars 2013
Using an exhaustive database on academic publications in mathematics, we study the patterns of productivity by world mathematicians over the period 1984-2006. We uncover some surprising facts, such as the absence of age related decline in productivity and the relative symmetry of international...
Andrea Attar, Catherine Casamatta, Arnold Chassagnon et Jean-Paul Décamps
octobre 2010, révision octobre 2015
We study capital markets subject to moral hazard when investors cannot prevent side trading, thereby facing an externality if firms raise funds from multiple sources. We analyze whether investors’ ability to design financial covenants that may include exclusivity clauses mitigates this externality...
Augustin Landier, David Sraer et David Thesmar
octobre 2010
Bruno Biais et Augustin Landier
Francesco Franzoni et Augustin Landier
James K. Hammitt et Lisa A. Robinson
n° 10-269, octobre 2010
Roland Bénabou et Jean Tirole
octobre 2010, révision octobre 2011
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It will build up from basic psychological, social and economic determinants of...
Anne Vanhems
vol. 13, n° 3, octobre 2010, p. 80–98
Catherine Casamatta et Alexander Guembel