Recherche avancée

Estelle Malavolti et Augustin Lesgourgues

vol. 170, n° 103613, avril 2023

We develop a schedule delay model using advanced econometrics techniques, while computing the social cost of passenger delays, in order to propose an alternative to the method of defining such cost that is actually found in the literature. This study has been made possible by obtaining private...

Jeffrey A. Friedman

vol. 75, n° 2, avril 2023, p. 280–315

This article explains how leaders can use foreign policy issues to shape their personal images. It argues, in particular, that presidents and presidential candidates can use hawkish foreign policies to craft valuable impressions of leadership strength. This dynamic can give leaders incentives to...

Anders Bondemark, Henrik Andersson et Karin Brundell-Freij

vol. 170, n° 103621, avril 2023

In this paper, we study how the distributional preferences of planners and the public diverge in the context of national infrastructure planning. To do so, we surveyed a sample of 323 planners working at the Swedish Transport Administration and 2,108 members of the Swedish public. The most striking...

Thomas Mariotti, Nikolaus Schweizer, Nora Szech et Jonas von Wangenheim

vol. 69, n° 4, avril 2023, p. 2182–2197

We study the optimal design of information nudges for present-biased consumers who make sequential consumption decisions without exact prior knowledge of their long-term consequences. For any distribution of risks, there exists a consumer-optimal information nudge that is of cutoff type,...

Felix Dammann, Néofytos Rodosthenous et Stéphane Villeneuve

n° 23-1430, avril 2023

We introduce a non zero-sum game between a government and a legislative body to study the optimal level of debt. We succeed in characterising Nash equilibria in the class of Skorokhodreflection policies which implies that the legislator imposes a debt ceiling. In addition, we highlight the...

James K. Hammitt

n° 23-1431, avril 2023

The monetary value of a reduction in mortality risk can be accurately characterized using the alternative concepts of value per statistical life (VSL), value per statistical life year (VSLY), and value per quality-adjusted life year (VQALY). Typically, each of these values depends on the age and...

Gesche Huebner, Sylvain Chabé-Ferret, Anouch Missirian, Shanyong Wang, Alejandro Lopez-Feldman, Giovanni Sogari, Zhaohua Wang, Hao Li, Bin Zhang, Bo Wang, Srishti Mediratta et Diana Ivanova

vol. 6, n° 4, avril 2023, p. 329–332

According to the IPCC, changes to our lifestyles and behavior could result in a 40%–70% reduction in greenhouse gas emissions by 2050. However, promoting impactful behavioral shifts through norms, policies, infrastructure, and technology remains challenging. This Voices asks: what must be...

Elena Panova et Daniel F. Garrett

n° 23-1429, avril 2023

Large-scale infrastructure investments are often carried out in set- tings where their eventual usefulness or importance is diffi cult to pre- dict. This paper studies optimal incentives for investment when the agent undertaking the investment has superior information on two...

Jean Tirole

vol. 7, n° 4, avril 2023, p. 171–177

Should agencies confine their role to their main duty or should they embrace new and desirable societal objectives? This article first discusses two emblematic examples of mission expansion: socially responsible competition authorities and green central banks. It then sheds light on the ongoing...

Emmanuelle Auriol

n° 23-1428, avril 2023