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Philippe Bontems, Guillaume Cheikbossian et Houda Hafidi
n° 24-1551, juillet 2024
This paper focuses on the welfare effects of domestic and international lobbying in the context of two countries linked by both trade and pollution. We consider a reciprocal-markets model where, in each country, a domestic firm produces a polluting good, that can result in a cross-national...
Christophe Cahn, Patrick Fève et Julien Matheron
n° 24-1550, juillet 2024
This paper evaluates the long-run economic effects of a fiscal rebalancing reform, namely a policy consisting in increasing consumption taxes and simultaneously lowering payroll taxes, all this in a budget neutral way. To this end, we construct a heterogeneous-agent model and compare the pre- and...
Daniel L. Chen et Eric Reinhart
vol. 20, n° 2, juillet 2024, p. 289–321
The impartiality and apolitical nature of the American judiciary are key to its legitimacy and the liberal constitutional legal system it supports. Though less than 1% of U.S. Federal judges admit to political motivations for retirement or resignation, our research suggests these influences are...
Victor Gay, Paula Gobbi et Marc Goni
vol. 93, n° 101588, juillet 2024
Customary law governed most European societies during the Middle Ages and early modern period. To better understand the roots of legal customs and their implications for long-run development, we introduce an atlas of customary regions of Ancien Régime France. We also describe the historical origins...
Mathias Reynaert, Eduardo Souza-Rodrigues et Arthur Van Benthem
vol. 107, n° 103968, juillet 2024
The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical ecosystems. We summarize the state of knowledge about the impacts of protected area policies, with a focus on deforestation and vegetation cover. We discuss critical issues around...
Laura Doval et Alex Smolin
vol. 132, n° 7, juillet 2024, p. 2451–2487
Information policies such as scores, ratings, and recommendations are increasingly shaping society’s choices in high-stakes domains. We provide a framework to study the welfare implications of information policies on a population of heterogeneous individuals. We define and characterize the Bayes...
Viktor Stojkoski, César Hidalgo, Philipp Koch et Eva Coll
vol. 15, n° 5262, juin 2024
Despite global efforts to harmonize international trade statistics, our understanding of digital trade and its implications remains limited. Here, we introduce a method to estimate bilateral exports and imports for dozens of sectors starting from the corporate revenue data of large digital firms....
Nils Köbis, Alicia von Schenk, Victor Klockmann, Jean-François Bonnefon et Iyad Rahwan
juin 2024
Humans, aware of the social costs associated with false accusations, are generally hesitant to accuse others of lying. Our study shows how lie detection algorithms disrupt this social dynamic. We develop a supervised machine-learning classifier that surpasses human accuracy and conduct a large-...
Andrea Guido, Maxime Derex et Rustam Romaniuc
vol. 154, juin 2024, p. 51–76
The sharing of valuable information is at the root of both economic growth and societal welfare. However, individuals and organizations face a social dilemma when deciding whether to share information with others: while sharing can create positive externalities, it may also reduce one’s competitive...
Abdelaati Daouia, Gilles Stupfler et Antoine Usseglio-Carleve
vol. 34, n° 130, juin 2024
The expectile is a prime candidate for being a standard risk measure in actuarial and financial contexts, for its ability to recover information about probabilities and typical behavior of extreme values, as well as its excellent axiomatic properties. A series of recent papers has focused on...
