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Gabrielle Demange: « Défauts dans un système financier : comment les résoudre ? » (PSE Newsletter)

Posted on 25 January 2021

Cet article est extrait de la Lettre PSE publié en janvier 2021. Gabrielle Demange – Professeure titulaire d’une chaire à PSE, Directrice d’études à l’EHESS. Accéder à son site personnel ou à son profil LinkedIn Comment éviter les banqueroutes en chaîne dans le système financier et leur propagation à d’autres secteurs ? Des réglementations existent depuis longtemps visant à contrôler les prises […]

Jean-Marc Tallon: “Internet: Personalised Recommendations” (5 papers… in 5 minutes)

Posted on 3 January 2021

Eric Danan, Thibault Gajdos et Jean-Marc Tallon* This article was originally published in the January 2021 edition of the 5 papers…in 5 minutes Most Internet platforms that we use daily –– Facebook, Amazon, Spotify, LinkedIn, Trip Advisor and others –– offer us recommendations based on the massive volume of data that they collect. The exact […]

Antonin Macé : Vote trading markets?

Posted on 25 November 2020

Alessandra Casella and Antonin Macé* This article was originally published in the November 2020 edition of the 5 papers…in 5 minutes. Could allowing citizens to trade their votes (a vote for a vote, or a vote for money) contribute to their well-being? While the idea of introducing a market into the political sphere seems preposterous, even […]

Carmen Camacho: “Human Capital and Welfare” (5 papers… in 5 minutes)

Posted on 25 November 2020

Stefano Bosi, Carmen Camacho* and David Desmarchelier This article was originally published in the April 2021 edition of the 5 papers…in 5 minutes. When Mahbub ul Haq introduced human development as a compound process which included education and life expectancy, he paved the way for a new avenue of research in development economics. The introduction […]

Philippe Jehiel: “Bundlers’ dilemmas in financial markets with sampling investors”, Theoretical Economics 2020

Posted on 9 June 2020

Bundlers’ dilemmas in financial markets with sampling investors. Milo Bianchi, Philippe Jehiel. Theoretical Economics. 15 (2). 05/2020. 545-582 We study banks’ incentive to pool assets of heterogeneous quality when investors evaluate pools by extrapolating from limited sampling. Pooling assets of heterogeneous quality induces dispersion in investors’ valuations without affecting their average. Prices are determined by […]

Francis Bloch: “Matching through Institutions” (Games and Economic Behavior)

Posted on 9 June 2020

Matching through institutions. Francis Bloch, David Cantala et Damian Gibaja. Games and Economic Behavior. 121. 05/2020. 204-231 Nous analysons un marché d’appariement à trois côtés où les institutions possèdent des objets et où les individus appartiennent aux institutions. Les institutions mettent en commun leurs objets pour élargir l’ensemble des choix des individus. Pour toute institution, […]