[eng] The inefficiency of a chain of monopolies: an experimental study in a repeated-negotiation . situation by Alexis Garapin, Michel Hollard, Stéphane Robin and Bernard Ruffieux . Theory (bilateral monopoly, dual marginalisation) shows that a chain of monopolies is less efficient than an...

[eng] To assess how a public decision can affect citizens’ interests, we need to estimate individual preferences. Economists usually assess individual preference through a market decision. Most often, however, public decisions have an impact on non-market goods. Without a market to refer to,...

[eng] We examine the effect of innovation on productivity in France using a multiple-equation model that accounts for R & D and for product and process innovation, and that controls for selection and endogeneity biases. We estimate the model on CIS3 and CIS4 data using two distinct procedures....

This paper analyses the impact of innovation on productivity in Taiwan. Using a panel of 48,794 firms observed over the 1997–2003 period and distributed across 23 industries, we compute total factor productivity (TFP) by estimating Translog production functions with C, L, E, M inputs. We...

We provide experimental evidence of workers' ingratiation by opinion conformity and of managers' discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers' performance at a task and opinions before assigning unequal payoffs. In...

Les premières expériences de marché réalisées par Vernon Smith [1962] ont mis en évidence l’importance des institutions de marché pour l’efficacité des échanges. Ces institutions organisent la communication d’information entre les acteurs du marché et structurent les incitations...

Dans certaines situations, les comportement réels des individus peuvent apparaître comme des anomalies dans le cadre de la théorie classique de l’agent rationnel. La théorie comportementale vise à expliquer ces anomalies, en particulier celles relatives aux préférences sociales....

Competition among producers within an integrated electricity system is impeded by any limited transmission capacity there may be at its borders. Two alternative market mechanisms have recently been designed to organize the allocation of scarce transmission capacity at cross-border level: (i) the...

Competition among producers within an integrated electricity system is impeded by any limited transmission capacity there may be at its borders. Two alternative market mechanisms have recently been designed to organize the allocation of scarce transmission capacity at cross-border level: (i) the...