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Louise Guillouet et David Martimort
n° 23-1411, février 2023, révision juillet 2024
Invoked to guide actions under irreversibility, uncertainty and limited information, the Precautionary Principle states that decision-makers should act cautiously unless the consequences of acts are known. We consider a setting where the stock of past actions, passed a tipping point which remains...
Thi-Huong Trinh, Christine Thomas-Agnan et Michel Simioni
n° 23-1410, février 2023, révision avril 2024
Within the econometrics literature, assessing the impact of climate change on agricultural yield has been approached with a linear functional regression model, wherein crop yield, a scalar response, is regressed against the temperature distribution, a functional parameter alongside with other...
Lukas Dargel et Christine Thomas-Agnan
n° 23-1409, février 2023
In the framework of spatial econometric interaction models for origin-destination flows, we develop an estimation method for the case when the list of origins may be distinct from the list of destinations, and when the origin-destination matrix may be sparse. The proposed model resembles a...
Louise Aimene, Jean-Baptiste Guiffard, Marc Ivaldi et Julienne Liang
n° 23-1407, février 2023
Conditions under which spectrum is allocated are significant in determining the market structure in the telecom sector which in turn affects the prices and the quality of mobile services. In a more concentrated market, the quantity of spectrum is less diluted, and operators can offer higher quality...
Stéphane Villeneuve et Jessica Martin
vol. 46, février 2023, p. 1–23
What type of delegation contract should be offered when facing a risk of the magnitude of the pandemic we are currently experiencing and how does the likelihood of an exogenous early termination of the relationship modify the terms of a full-commitment contract? We study these questions by...
Sabine Noebel, Antoine Jacquet, Guillaume Isabel, Arnaud Pocheville, Paul Seabright et Etienne Danchin
vol. 98, n° 1, février 2023, p. 132–149
Although conformity as a major driver for human cultural evolution is a well-accepted and intensely studied phenomenon, its importance for non-human animal culture has been largely overlooked until recently. This limited for decades the possibility of studying the roots of human culture. Here, we...
Sébastien Gadat et Fabien Panloup
vol. 156, février 2023, p. 312–348
Emmanuelle Auriol, Sara Biancini et Rodrigo Paillacar
vol. 162, n° 106072, février 2023
The paper proposes an empirical analysis of the determinants of the adoption of Intellectual Property Rights (IPR) and their impact on innovation in manufacturing. The analysis is conducted with panel data covering 112 countries. First we show that IPR protection is U-shaped with respect to a...
Silvia Rossetto, Nassima Selmane et Raffaele Staglianò
vol. 50, n° 1-2, février 2023, p. 377–410
This study analyzes the relationship between mid-sized blockholders and firm risk. We show that ownership structure matters for firm risk beyond the first largest blockholder. Firms with multiple blockholders take more risk than firms with just one blockholder, even when controlling for the stake...
Doh-Shin Jeon, Domenico Menicucci et Nikrooz Nasr
vol. 15, n° 1, février 2023, p. 30–73
We study mix-and-match compatibility choices of firms selling complementary products in a dynamic setting. Contrary to what happens in a static setting where symmetric firms choose compatibility (Matutes and Regibeau 1988), when switching costs are high and firms make price discrimination based on...
