We study the links between observability and flexible technological choices in a duopolistic market. We show that, in large markets, the strategic value of flexibility is positive and observability of technological choices promotes the adoption of more flexible technologies whereas in small...

The brain drain has long been viewed as a serious constraint on poor countries development. However, recent theoretical literature suggests that emigration prospects can raise the expected return to human capital and foster investment in education at home. This paper takes advantage of a new...

The adoption of gender quotas in party lists has been a voluntary decision by many parties in many countries, and is now a subject of discussion in many others. The Parity Law passed in France in 2001 is particularly interesting because for the first time the quota was set at 50 percent, and the...

The formulation of the problem of justice among generations as the problem of finding an ordering of infinite utility streams is examined within the ‘social welfare functional’ approach to social choice. This formulation usually presumes a double reduction not only the classical...