This paper examines an industry whose economic activity uses a natural capital on which its profit also relies. When such a productive natural capital has a limited capacity to recover from its exploitation, a free market tends to over-exploit it, calling for public intervention. The analysis is...

[eng] To study transfers between oil-consuming developed countries and oil-producing developing countries, we use a dynamic decentralized general-equilibrium model (GEM) with two countries : a rich, altruistic, and resource-poor country (North) and a poor , resource-rich country (South), where...

This study analyses the economic rent generated by the exploitation of a non-renewable resource, and the taxation of this rent. We present a synthetic model of a non-renewable-resource sector where deposits must be costly developed before they are exploited; the analysis emphasizes the effect of...

The basic neo-classical model implies that agricultural employment responds positively to increases in farm income. This argument is assumed by proponents and critics of agricultural subsidy programs in their discourse in favor of or against government support for farmers. However, empirical...

We analyze the impact of human capital formation through migration on performance by studying the impact of football players' migration to foreign clubs on their origin countries' international football performance. In our model, migration to foreign clubs allows players to improve their skills....