Recherche avancée

Farid Gasmi, Dorgyles Kouakou, Paul Noumba Um et Pedro Rojas Milla

n° 23-1423, mars 2023

This paper presents an empirical application and analysis of the social contract in MENA countries based on the conceptual framework proposed by Loewe et al. (2021). We suggest a simple operational model synthesizing a social contract's three main characteristics: Participation, Protection, and...

Stefan Ambec et Yuting Yang

n° 23-1422, mars 2023, révision octobre 2023

Trade reduces the effectiveness of climate policies such as carbon pricing when domestic products are replaced by more carbon-intensive imports. We investigate the impact of unilateral carbon pricing on electricity generation in a country open to trade through interconnection lines. We characterize...

Pierre Fleckinger, David Martimort et Nicolas Roux

n° 23-1421, mars 2023, révision janvier 2024

What is the most efficient way of designing incentives for a group of agents? Over the past five decades, agency theory has provided various answers to this crucial question. This line of research has argued that, depending on the specific organizational context, the best channel for providing...

Marc Ivaldi, Nicolas Petit et Selçukhan Unekbas

n° 23-1420, mars 2023, révision octobre 2024

Do established firms buy new businesses to take out future competition? Recent works in economics literature use “killer acquisitions” as a graphic concept to describe these transactions. How concerned should competition policy be? The answer to this question hinges on how much the “theory” of...

Hillard Kaplan, Paul L. Hooper, Margaret Gatz, Wendy Mack, Meng Law, Helena Chui, Linda Sutherland, James Sutherland, Christophe J. Rowan, L. Samuel Wann, Adel H. Allam, Randall C. Thompson, David E. Michalik, Guido Lombardi, Michael I. Miyamoto, Daniel Eid Rodriguez, Adrian Juan Copajira, Raul Quispe Gutierrez, Bret A. Beheim, Edmond Seabright, Daniel Cummings, Sarah Alami, Angela Garcia, Kenneth Buetow, Caleb Finch, Gregory Thomas, Benjamin C. Trumble, Jonathan Stieglitz, Michael Gurven et Andrei Irimia

vol. 120, n° 13, mars 2023

Little is known about brain aging or dementia in nonindustrialized environments that are similar to how humans lived throughout evolutionary history. This paper examines brain volume (BV) in middle and old age among two indigenous South American populations, the Tsimane and Moseten, whose...

Abdelaati Daouia, Simone A. Padoan et Gilles Stupfler

n° 23-1414, mars 2023, révision mai 2024

The use of expectiles in risk management has recently gathered remarkable momentum due to their excellent axiomatic and probabilistic properties. In particular, the class of elicitable law-invariant coherent risk measures only consists of expectiles. While the theory of expectile estimation at...

Perrin Lefebvre et David Martimort

n° 23-1419, mars 2023

Lobbying competition is viewed as a delegated common agency game under moral hazard. Several interest groups try to influence a policy-maker who exerts effort to increase the probability that a reform be implemented. With no restriction on the space of contribution schedules, all equilibria perfectly...

Perrin Lefebvre et David Martimort

n° 23-1418, mars 2023

A substantial literature has been devoted to analyzing how legislators delegate regulatory power to a more knowledgeable agency. Yet, much less attention has been paid to understand how this delegation process is shaped by the environment in which this agency operates, and more specifically by the...

Pierre Dubois, Gosia Majewska et Valentina Reig

n° 23-1417, mars 2023

Drug shortages are a problem widely documented around the world. We develop a simple method allowing to identify shortage events and their intensity using sales data at a national level. In the case of prescription drugs, shortages occur when the quantities supplied do not meet demand at regulated...

James K. Hammitt et Tuba Tuncel

n° 23-1416, mars 2023

Individuals’ monetary values of decreases in mortality risk depend on the magnitude and timing of the risk reduction. We elicited stated preferences among three time paths of risk reduction yielding the same increase in life expectancy (decreasing risk for the next decade, subtracting a constant...