This paper compares, in a polluting oligopoly, an emission tax and a form of environmental policy called voluntary agreement (va). The output contraction resulting from the tax amplifies the distortion due to imperfect competition making the tax sub-optimal. The va studied here is a...

This article studies the effects of a commodity tax on consumption and production behaviours in a green market and its implications for welfare components. The analysis rests on a review of vertical differentiation models assuming an ecological awareness of consumers. We distinguish two classes...

Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances. This paper assesses empirically the contribution of the...

We show that labour market institutions, and particularly employment protection are an important determinant of migration flows. Contrary to the popular wisdom, migrants are not attracted by more protective legislation. On the contrary, we show that the employment protection differential acts as...

We propose an econometric analysis of the distributive impact of trade flows, foreign direct investment (fdi), official aid and migrants? remittances. Results suggest that fdi increases inequality, while remittances tend to reduce inequality. Trade and aid have a non-linear relationship with...

This paper studies the effects of the last enlargement of eu on European social heterogeneity, and examines the size of outsourcing to ceecs in relation with national social systems. We use principal component factor analysis and hierarchical classification to represent numerous relations...

Long-term bond yields have been low in recent years both in nominal and real terms, and . especially in the United States - they have reacted differently to shifts in monetary and fiscal stances relative to previous cycles. This article examines various possible explanations for this behaviour,...

In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector. Productivity growth was strong, but labour utilisation remained very...

This note focuses on the design of prevention programmes and the role of tort law regarding the control of risky activities, associated with unknown or imperfectly known risks, such as innovation or (long term) environmental damages. Together with the existence of perception bias on the side of...

The new lru law (loi relative aux libertés et responsabilités des universités) changed the structure of power within the French university system. Prior to this law, the President of a university was elected by the members of three governing bodies: i) the board of directors, ii) the...