Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...

This paper provides an overview of RePEc a digital platform for the dissemination of research in economics. Specifically, the focus is on RePEc’s main author ranking, which aggregates 36 different rankings based on a range of criteria. The paper first describes the logic behind the ranking and...

The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less widespread. A first contribution of the paper is to explain the genesis of this model. Next, we review the main properties of the general model, mainly following the previous...

We study the behavior of a firm that consistently maximizes a misspecified profit function. We provide an equilibrium concept where the misspecification error remains undetected. We examine the uniqueness and stability of the equilibria. The model of the price-taking firm belongs to this class....

“Double marginalization” and “Elimination of Double marginalization” are catch-phrases commonly used in the IO literature. In this note, I trace back the origin of the idea to Chapter IX, on complementary goods monopolies, of Cournot (1838). Through the years Cournot’s contribution...

We consider a simple tournament model in which individuals auto-select into the contest on the basis of their commonly known strength levels, and privately observed strength-shocks (reflecting temporary deviations from observed levels). The model predicts that the participation rate should...

This report documents what are the most cited articles published in the top-5 economics journals during the period 1991-2015. EconLit is used to collect bibliographic information about these articles, and we gathered yearly citations for each paper through the Web of Science database. We present...

This profile of Jean-Michel Grandmont is based on several interviews we had with him between September 2016 and April 2017. The interviews took place at our CREST offices, located at that time in Malakoff, just south of Paris. The objective of the profile is twofold. First, we trace the career...

This paper studies the impact of campaign spending on votes in French legislative elections. We exploit the political financing reforms which were adopted in France in the mid-1990s. Under the new laws, spending limits were reduced, legal persons were no longer allowed to finance candidates, and...

This paper provides an overview of RePEc a digital platform for the dissemination of research in economics. Specifically, the focus is on RePEc's main author ranking, which aggregates 36 different rankings based on a range of criteria. The paper first describes the logic behind the ranking and...