We study the effect of learning with heterogeneous beliefs on the exploitation of a renewable common-pool resource. To that end, we extend the Great Fish War model of Levhari and Mirman (1980) to a learning environment in which several agents interact strategically and learn about the...

We study the effect of congestion on monopoly second-degree price discrimination. We provide three results. First, with congestion, the firm does not always provide distinct contracts (i.e., it is not always optimal to price discriminate) and it is more likely for the low-valuation buyer to be...

We consider a class of multi-armed bandit problem which is at the same time an arm-acquiring, restless and mortal bandit, and where the rewards follow any distribution. This is the case for a committee whose mission is to select the best element of a set of talents who live for K periods, and...

We build a theoretical model to study a market structure of a marketing cooperative with direct selling, in which many farmers are members of an agricultural marketing cooperative. They can sell their production either to the cooperative or on a local market. We show that the decision to sell to...

The Multi-level marketing (MLM) can be identified as a two-sided market a la Rochet and Tirole (Rochet and Tirole, 2003, 2006; Weyl, 2010). The platform is represented by the promoter of the MLM and the sides are the recruitment activity and the selling activity. The recruitment side has negative...

Over the past 50 years, the Multi-level Marketing (MLM) has become an important business strategy. MLM is a marketing method in which independent distributors of a product get profi ts not only from their own sales, but also from recruiting other distributors. According to the promoters and some...

In the early 2000s, Burkina Faso launched several legal reforms aimed at increasing gold production. This resulted in a gold mining boom, making gold the main export product and the main source of economic growth of the country. We hypothesize that gold extraction improved population living...