The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically behave strategically. We evaluate the discrepancy between the average taste and the average vote. If the population is sufficiently large, it is possible to construct approximations...

This paper analyses the impact of public infrastructure on the competitiveness and growth of the Senegalese economy within the framework of a computable general equilibrium model. Latreille and Varoudakis (1996) demonstrated, in partial equilibrium, that the absence of competitiveness within...

L’objet de cet article est de proposer un cadre de travail original permettant de poser les fondements théoriques d’une « politique de sécurité », ce terme désignant une allocation des ressources par la puissance publique ayant une incidence sur le niveau d’insécurité. Nous...

The organization of securities markets has not benefited from the feigned attempts of reform presented by authorities since the outbreak of the current crisis. However, speculative opportunities like the risks incurred also depend on the markets on which one operates. The Markets in Financial...