The article analyses the potential links between the life course approach and the Transitional Labour Market (TLM) perspective. It provides some empirical evidence of the role played by age and gender in individuals' situation on the labour market, as well as of the heterogeneity in course...

This paper presents a characterization of weak risk aversion in terms of preference for sure diversification. Similarly, we show that strong risk aversion can be characterized by weakening preference for diversification, as introduced by Dekel [11], in what we name preference for strong...

We consider an aggregative consumption economy, where there are a market for commodities and four financial markets : for bonds, deposits, credits and a speculative asset. The decision analytic ideas of decentralization and price aggregation are applied to discuss the existence of equilibrium.

We consider discrete time Markov chains on general state space. It is shown that a certain property referred to here as nondecomposability is equivalent to irreducibility and that a Markov chain with invariant distribution is irreducible if and only if the invariant distribution is unique and...

This article proposes and studies a link between statistics and the theory of Dirichlet forms used to compute errors. The error calculus based on Dirichlet forms is an extension of classical Gauss' approach to error propagation. The aim of this paper is to derive error structures from...

The purpose of the paper is to highlight that funeral costs matter in households' decisions. In particular they do matter in the understanding of the impact of HIV/AIDS on households' wealth in developing countries. Nevertheless the magnitude of the implications on households through the channel...

This article surveys the empirical literature on how patents affect access to drugs in developing countries. In the short run, higher prices and lower access rates are very likely, notably for those countries that benefited from a competitive supply before the TRIPS agreement came into force....

We develop a model in which agents choose whether to achieve self-esteem through work. When they do, they develop an intrinsic motivation to effort. Depending on the characteristics of the job to be filled, an employer may try, or not, to encourage this intrinsic motivation by an adequately...

The various macro econometrics models for inflation are helpless when it comes to the pricing of inflation derivatives. The only article targeting inflation option pricing, the Jarrow Yildirim model (2000), relies on non observable data. This makes the estimation of the model parameters a non...

Despite the recent advances in the theory of location, the analysis of the role of services surrounding production activity has been largely neglected. This paper analyzes the co-location of a multinational firm's value chain in the enlarged European Union. Depending on its particular...