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Jean-Charles Rochet
n° 24-1536, mai 2024
This expository article surveys the literature that has followed my paper"A Necessary and Sufficient Condition for Rationalizability in a Quasi-linear Context" that was published in the Journal of Mathematical Economics in 1987.
Gerard Maideu-Morera
n° 24-1535, mai 2024
I study a dynamic cash flow diversion model between a risk neutral lender and a risk averse entrepreneur who has persistent private information about the firm’s productivity. In the optimal contract, the firm’s size is always distorted downwards and its distortions inherit the autoregressive...
n° 24-1534, mai 2024
The European Sovereign debt crises (2010-2012) showcased how excessive private leverage can threaten sovereign debt sustainability, making the existing fiscal rules targeting only public debt insufficient. In this paper, I study the optimal joint design of fiscal rules and macroprudential policies...
Amirreza Ahmadzadeh et Stephan Waizmann
n° 24-1533, mai 2024, révision septembre 2024
This paper studies how to combine screening menus and inspection in mechanism design. A Principal procures a good from an Agent whose cost is his private information. The Principal has three instruments: screening menus —i.e., quantities and transfers — and (ex-ante) inspection. Inspection is...
Tanja Linta
n° 24-1532, mai 2024
This paper measures variation in central bank credibility through the level of agree-ment in a monetary policy committee and empirically studies its relevance for the effectiveness of forward guidance. In the European Central Bank’s (ECB) insti-tutional framework, high-frequency identification...
Ingela Alger et José Ignacio Rivero-Wildemauwe
n° 24-1531, mai 2024, révision novembre 2025
Theoretical work shows that in social interactions Kantian (or universalization) concerns sometimes yield starkly different behavioral predictions than other-regarding motives. We hypothesize that in interactions with different roles, Kantian concerns are awakened through awareness of a possible...
Paul Seabright
Princeton University Press, mai 2024, 504 pages
Religion in the twenty-first century is alive and well across the world, despite its apparent decline in North America and parts of Europe. Vigorous competition between and within religious movements has led to their accumulating great power and wealth. Religions in many traditions have honed their...
Céline Bonnet et Marine Coinon
vol. 143, n° 105017, mai 2024
Global meat consumption has risen steadily in recent decades, with heterogeneous growth rates across regions. While meat plays a critical role in providing essential nutrients for human health, excessive consumption of meat, particularly red and processed meat, has also been associated with a...
Olivier Faugeras et Gilles Pages
vol. 116, mai 2024, p. 134–147
mai 2024
