This paper shows that information imperfections and common values can solve coordination problems in multicandidate elections. We analyze an election in which (i) the majority is divided between two alternatives and (ii) the minority backs a third alternative, which the majority views as...

From the literature on decentralization, it appears that the fiscal vertical imbalance (i.e. the dependence of sub-national governments on national government revenues to support their expenditures) is somehow inherent to multi-level governments. Using a stylized model we show that this leads to...

The Belgian nuclear phase-out law imposes closing down in the 2015-2025 period seven nuclear power plants (NPPs) producing more than 50% of the domestic electricity. This creates an urgent problem in the country because of the absence of well-defined capacity-replacement plans. Though a...

Using an original survey sample of 103 unquoted Belgian technology-based small firms (TBSFs), we examine the capital structure of start-up companies during their consecutive development stages. We find that internal funds, either alone as personal savings or in combination with family and...

Recognizing the urgent need for sustainability, we argue that to move beyond the rhetoric and to actually realize sustainable development, it must be considered as a decision-making strategy. We demonstrate that sustainability assessment and sustainability indicators can be powerful...

A partir de du dépouillement de près de 1000 documents conservés aux Archives d'Etat de la Province de Novare, des Archives de l'Association d'irrigation Est-Sesia, des Archives de la société de chemins de fer italienne (Trenitalia), l'auteur propose une reconstruction des phases...