Recherche avancée

Patrice Cassagnard et Mamadou Thiam

vol. 160, n° 2, juillet 2024, p. 1–29

The European Union is increasingly using antidumping (AD) procedures to better regulate international trade. At a time when we are talking about the progressive rise of a globalization among friends, it is necessary to clarify all the economic mechanisms that lead to the adoption of an AD duty....

Vivek Venkataraman, Jordie Hoffman, Kyle Farquharson, Helen Davis, Edward H. Hagen, Raymond Hames, Barry Hewlett, Luke Glowacki, Haneul Jang, Robert Kelly, Karen Kramer, Sheina Lew-Levy, Kathrine Starkweather, Kristen Syme et Duncan N.E. Stibbard-Hawkes

vol. 45, n° 4, juillet 2024

Gendered divisions of labor are a feature of every known contemporary hunter-gatherer (forager) society. While gender roles are certainly flexible, and prominent and well-studied cases of female hunting do exist, it is more often men who hunt. A new study (Anderson et al., 2023) surveyed...

Jean Tirole

vol. 3, juillet 2024, p. i983–i1001

Large fixed costs and (direct and indirect) network externalities generate barriers to entry and high markups for winners in the digital industry. The potential for high prices, low innovation and abuses of dominant position as well as the contribution to rising inequality raise the question of how...

Paul Diegert et Koen Jochmans

n° 24-1574, juillet 2024

Consider dyadic random variables on units from a given population. It is common to assume that these variables are jointly exchangeable and dissociated. In this case they admit a non-separable specification with two-way unobserved heterogeneity. The analysis of this type of structure is of...

Andrew Rhodes et Jidong Zhou

vol. 114, n° 7, juillet 2024, p. 2141–2170

We study personalized pricing in a general oligopoly model. The impact of personalized pricing relative to uniform pricing hinges on the degree of market coverage. If market conditions are such that coverage is high (e.g., the production cost is low or the number of firms is high), personalized...

Christian Gollier

n° 24-1556, juillet 2024

Because of risk aversion, any sensible investment valuation system should value less projects that contribute more to the aggregate risk. In theory, this is done by adjusting discount rates to consumption betas. But in reality, most public institutions use a dis-count rate that is rather...

Catherine Bobtcheff, Philippe De Donder et François Salanié

n° 24-1555, juillet 2024, révision août 2025

We set up a static model of electricity provision in which delivery to consumers is only imperfectly reliable. Blackouts can be either rolling or systemic; in both cases a price cap becomes active on the wholesale market. We show that for any given value of the price cap, one can decentralize...

Christian Gollier

n° 24-1554, juillet 2024

This document is a newcomer guide to the economic theory of discounting, with applications to climate change and sustainability. It borrows ingredients from public economics, decision theory, and asset pricing theory, without any prerequisites beyond microeconomics 101. Aiming at sustainability...

Chuqing Jin

n° 24-1553, juillet 2024

This paper studies how competition affects the quality of information provided by security analysts. Security analysts compete to make earnings forecasts and are rewarded for being more accurate than their peers. This leads them to distort their forecasts to differentiate but also disciplines them...

Alex Bao, Philippe Bontems, Jean-Marie Cardebat et Raphael Chiappini

n° 24-1552, juillet 2024, révision octobre 2025

This paper investigates how exporters adjust trade margins to demand shocks and climate-induced production volatility. Combining French wine export data (113 PDOs, 49 destinations, 2001–2020) with high-resolution weather records, we estimate theory-consistent structural gravity models using...