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Table of contents
Introduction (French)
Introduction (English)
1 Testing Models of Decision under Risk: The Case of Horserace Bettors in France
1.1 Introduction
1.2 Horserace betting in France
1.3 Data
1.4 Model and estimation procedure
1.4.1 The theoretical model
1.4.2 Functional form of the utility function
1.4.3 Functional forms of the probability weighting functions
1.4.4 Estimation
1.5 Results
1.5.1 The favorite-longshot bias
1.5.2 Tests of models of decision making under risk
1.6 Conclusion
Appendices
A1 Overall value of a bet in each model
A1.1 Expected utility model
A1.2 Rank-dependent utility model
A1.3 Cumulative prospect theory model
A2 Obtaining p1 to estimate the parameters of the models
A2.1 Expected utility model
A2.2 Rank-dependent utility model
A2.3 Cumulative prospect theory
A3 Details on probability weighting functions by model
A3.1 Rank-dependent utility model
A3.2 Cumulative prospect theory
2 Merger Efficiency gains
2.1 Introduction
2.2 The French urban public transport industry
2.2.1 Organizational background
2.2.2 Transport groups and competition in the industry
2.2.3 Financial situation
2.3 The merger
2.3.1 The story
2.3.2 Competition concerns of the French Competition Authority
2.3.3 Potential efficiency gains
2.4 Merger evaluation
2.4.1 Empirical strategy
2.4.2 Data and variables
2.4.3 Main analysis
2.4.4 Robustness checks – balanced panel
2.4.5 Robustness checks – unbalanced panel
2.5 Discussion
2.6 Conclusion
3 Buyer’s discretionary power and the selection of efficient firms
3.1 Introduction
3.2 Literature
3.3 The institutional context
3.4 Data
3.4.1 Datasets
3.4.2 Variables
3.4.3 Descriptive statistics on the estimation sample
3.5 Empirical strategy
3.5.1 Identification
3.5.2 Two-step estimation
3.6 Results
3.6.1 Determinants of the choice of a procedure
3.6.2 Impact of the award mechanism on supplier selection (TFP of selected suppliers)
3.6.3 Robustness checks
3.7 Discussion
3.7.1 Adapted procedure and number of bidders
3.7.2 Adapted procedure and characteristics of winners
3.8 Conclusion
Appendices
A1 Descriptive Statistics on the Amadeus sample
A2 Measures of total factor productivity
Bibliography
