La théorie de la demande d'annuités nous enseigne que les individus rationnels et sans volonté de laisser un héritage devraient investir une part majeure de leur capital en annuités. La réalité ne corrobore pas cette théorie : le marché est très restreint. Le développement de plus en...

This paper compares originals and remakes from the standpoint of artistic quality and financial return. It appears that on average remakes are of lower quality and have smaller financial returns than originals.

Alors que les statistiques ordinaires de consommation suggèrent que la France a perdu du terrain vis-à-vis de ses partenaires économiques – en particulier vis-à-vis des Etats-Unis – lors des 30 dernières années, cet article réexamine la thèse du décrochage français à la lumière...

Amazingly, one is used to hearing harsh statements about inefficient public services. Nor is it surprising to see public sector performance questioned. What is surprising is that what is meant by performance, and how it is measured, does not seem to matter to either the critics or the advocates...

This paper investigates the role of basic pensions in alleviating poverty in sub- Saharan Africa. Using the most recent Senegalese household income-expenditure data survey, we construct scenarios of universal and means-tested basic pension schemes with different generosity levels. Simulations...

In this paper we are interested in the organization of long-term care within a given population. Three care financers are identified: the family, the government and the care receiver who can buy a dependency insurance. Our interest lies in the effect of governmental intervention on the...

In a repeated interaction between and a principal and two agents with inter-agents externalities and asymmetric information, we show that optimal decentralization within the organization is limited to the first period and across agents.

This study aims at analysing the determinants of foreign direct investment (FDI) inflows for a group of European regions. The originality of this approach lies in the use of disaggregated data by sector at regional level. First, we develop a qualitative description of our database and discuss...

This study aims at analyzing the determinants of foreign direct investment inflows for a group of European regions. The originality of this approach lies in the use of disaggregated regional data. First, we develop a qualitative description of our database and discuss the importance of the...

The present paper aims at analyzing the sources of labor productivity in Europe at regional level. We study the productivity performance in a sample of twenty European regions belonging to four countries (France, Germany, Italy and Spain). Exploiting the increasing availability of disaggregated...