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Matthieu Bouvard, Adolfo de Motta et Sheridan Titman
n° 24-1538, mai 2024
We explore the diversification of an urban economy where the labor specialization choices of its residents determine the city’s exposure to sectoral shocks. The presence of demand-driven externalities introduces the possibility of city-wide coordination failures. Residents, when making their...
Christian Bontemps, Gianmaria Martini et Flavio Porta
n° 24-1540, mai 2024
This paper studies the relationship between air transportation, tourist _ows, and subsidies to Low Cost Carriers (LCCs), a policy used by many national and local governments to stimulate tourist arrivals. To test the policy empirically, we use a two-stage empirical model. In the _rst stage, we...
Claire Borsenberger, Helmuth Cremer, Denis Joram, Jean-Marie Lozachmeur et Estelle Malavolti
n° 24-1528, avril 2024, révision novembre 2025
We study the design of optimal (private and/or social) insurance schemes for formal home care and institutional care. We consider a three period model. Individuals are either in good health, lightly dependent or heavily dependent. Lightly dependent individuals can buy formal home care which reduces...
Olivier De Groote et Ana Gazmuri
n° 24-1526, avril 2024
We propose a novel method to estimate education production functions on observational data in a context of school choice. We exploit panel data of schools and estimate heteroge-neous effects, while allowing for unobserved school, student, and teacher characteristics to be correlated with observed...
Anne Degrave
n° 24-1530, avril 2024
Informational capacity is widely viewed as a fundamental dimension of state power and a factor of economic development. However, there is little direct evidence on the consequences of historical investments in legibility. I analyze the case of the French Napoleonic cadaster, an ambitious land...
Anne Degrave, Alejandro Lopez-Peceno et Arturas Rozenas
n° 24-1529, avril 2024
The rise of mass politics is conventionally attributed to state expansion and economic modernization. We propose a complementary institutional explanation, highlight-ing how the expansion of voting rights politicizes the general public and enhances their mobilization capacity. To test this argument...
Doh-Shin Jeon, Jay Pil Choi et Michael Whinston
n° 1524, avril 2024, révision mai 2025
We develop a leverage theory of tying in markets with network effects. When a monopolist in one market cannot perfectly extract surplus from consumers, tying can be a mechanism through which unexploited consumer surplus is used as a demand-side leverage to create a “quasi-installed base” advantage...
Horacio Larreguy et Shelley X. Liu
vol. 12, n° 2, avril 2024, p. 354 – 371
We argue that education's effect on political participation in developing democracies depends on the strength of democratic institutions. Education increases awareness of, and interest in, politics, which help citizens to prevent democratic erosion through increased political participation. We...
Farid Gasmi, Isacco Berté, Louise Demoury, Dorgyles Kouakou, Niklas Patzig et Laura Recuero Virto
n° 24-1523, avril 2024
Using data on telecommunications from 1985 to 2022 in 103 countries, this article provides evidence of a robust nonlinear relationship between privatization and corruption showing that the latter has an inverted U-shape effect on the former. Using the Bayesian Corruption Index as a proxy for...
Andrew Rhodes et Jidong Zhou
n° 24-1525, avril 2024, révision avril 2025
This paper studies consumers’ privacy choices when firms can use their data to make personalized offers. We first introduce a general framework of personalization and privacy choice, and then apply it to personalized recommendations, personalized prices, and personalized product design. We argue...
