In economies where resources are uncertain, risk sharing mechanisms enable to reallocate goods for consumption in a more efficient way than resources are. Nevertheless, efficiency requires complete markets. Since the seminal paper of Townsend (1994) who rejected the hypothesis of complete...

The subject of the conference is "Knowledge for Growth: European Strategies in a Global Economy." The conference has thus two broad objectives. First, to take stock of the recent contributions on the knowledge economy and identify the building blocks of national and European Strategies to...