This paper develops a two-sector overlapping generations model in which one sector produces an externality on the environmental quality and the other has no effect. We assume that environmental quality degradation results from production activity of one sector. Then, we characterize the...

Cet article etudie la question des permis de pollution dans le cadre d'un modele a generations imbriquees: la pollution resulte de l'utilisation de l'environnement dans le processus de production et constitue un externalite negative qui vient diminuer l'utilite des agents.

In this paper we study the capital adjustment process in Swedish manufacturing firms and relate the empirical findings to standard models of firm behavior in the presence of impediments to capital adjustments.

This paper examines the likely impact of Capital Adequacy Directive (CAD) on European Securities markets, focusing in particular on the competitive consequences for institutions engaged in the trading of equity securities.

This paper uses a new economic geography model to analyze tax competition between two countries trying to attract internationally mobile capital. Each government may levy a source tax on capital and a lump sum tax on fixed labor. If industry is concentrated in one of the countries, the analysis...

Cet article propose un examen des effets de la mondialisation sur la volatilite macroeconomique des pays occidentaux, dans le care d'un modele stochastique d'equilibre general dynamique a deux pays et deux biens. Ces pays se distinguent essentiellement par les proportions de travailleurs...

La possibilite d'introduire dans les statuts d'une societe une clause de variabilite du capital resulte d'une loi ancienne du 24 juillet 1867. Pendant des decennies, cette possibilite a ete peu utilisee, au point que les societes a capital variable (en dehors du cas particulier des SICAV et des...

There is a long literature examining the theoretical relationships between the rate of inflation and the size of the capital stock in an economy. This literature has produced varied predictions about the effects of inflation on the capital stock. In this paper, we present some new empirical...

This document contains three texts. The first one discusses Capital Theory, the second one discusses Keynes achievements and the third one its General Theory of Employment, Interest and Money.