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Daniel L. Chen
vol. 74, n° 106122, juin 2023
Are judges motivated only by policy preferences? Public enforcement of law relies on the use of public agents, such as judges, to follow the law. We use the random assignment of U.S. Federal judges setting geographically-local precedent to document the causal impact of court decisions in a...
Amirreza Ahmadzadeh et Behrang Kamali-Shahdadi
n° 23-1446, juin 2023
We study a matching model in which firms face budget constraints. If the pro-duction function only depends on a firm’s technology, a weak stable matching always exists; furthermore, when a strong stable matching does not exist, there is a nearby budget vector for firms such that a strong stable...
Doh-Shin Jeon et Domenico Menicucci
n° 23-1450, juin 2023
We study how data portability aspects consumer surplus and firms profits in a two-period model with a switching cost where two rms compete under a non-negative pricing constraint. The firms can circumvent the constraint by tying another complementary free service (called "freebies") with the...
Edouard Pauwels
vol. 31, n° 19, juin 2023
Yannis Katsoulacos et Marc Ivaldi
n° 23-1454, juin 2023
Henrik Andersson, Henrik Scholtz et Jiakun Zheng
n° 23-1449, juin 2023
This paper applies an experimental design developed by Bleichrodt et al. (2010) to test the key assumption of original regret theory (Loomes and Sugden, 1982): convexity of the regret function. We elicit preferences for financial and health outcomes for about 1,000 subjects, yielding some evidence...
Jean Tirole, Paul-Henri Moisson et Pierre Dubois
n° 23-1453, juin 2023
It is puzzling that cooperatives, which stand for the interests of their users, do not occupy more space in the market for corporate forms. This paper unveils a new impediment to their formation. It shows that equilibrium free-riding handicaps cooperatives in their competition with alternative...
Henrik Andersson et Bruno Jullien
juin 2023
This report provides an overview and discussion of the current knowledge of the information and communications technology (ICT) sector’s effect on global warming, and policies to address this effect. A systematic literature review is conducted that shows that much focus in the literature has been...
Abdelaati Daouia, Gilles Stupfler et Antoine Usseglio-Carleve
n° 23-1444, juin 2023, révision novembre 2023
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...
Bertrand Achou, Philippe De Donder, Franca Glenzer, Minjoon Lee et Marie-Louise Leroux
n° 23-1442, juin 2023
Marginal utility of financial resources when needing long-term care, and the related incentives for precautionary savings and insurance, may vary significantly by whether one receives care at home or in a nursing home. In this paper, we develop strategic survey questions to estimate those...
