This paper presents a new economic mechanism, such that the associated game form implements Lindahl equilibria as Nash equilibria. Each player sends a 2-dimensional message, in order to tell his marginal propensity to pay and his demand for the public good. At a Nash equilibrium, the players...

The idea of regulating pollutions by means of tradable emission permits on a competitive market was developed for the first time by Dales in 1968. The question of the citizens’ participation on these markets received little attention in the economic literature. However, people are allowed to...

English Abstract: Latin notaries are more and more frequently defined as gatekeepers, due to their role in providing preventive legal control (in addition to certifying documents), a role that becomes increasingly important in modern legal systems.However, applying this american term loosely to...

In developing countries and particular in Senegal the majority of women are poor. Microenterprises created by a part of these women, especially in the informal sector, qualitatively improve their lives and those of their families and arouse increasingly growing interest for public authorities....

This paper addresses the case when stock market returns are assumed being generated through a factorial structure. High levels of idiosyncratic risk are shown to exist for most stocks on the US market, when CAPM or APT are used for the estimation of diversifiable risks. The presence of these...

Business surveys aim at getting, as quickly and as simply as possible, the recent and probable changes in economic activity. Answers to most of the questions are qualitative with three modalities (qualification of an evolution: up / stable / down). The qualitative indicators provided by these...