Les Essais Que Nous Publions Dans Ce Recueil Refletent Plusieurs Themes de la Recherche Actuelle Sur L'economie de L'incertain et de L'information. Certes, Ils Ne Contiennent Pas Tous les Sujets Etudies Mais Donnent une Bonne Vue D'ensemble des Developpements Prodigieux (Mais Parfois Decevants)...

An exemination of a series of indicators of economic integration in the western hemisphere (Canada-USA-Latin America) indicates that it is proceeding under the influence of formal trade agreements and informal forces including technological change, multinational firm rationalization and location...

Nous Etudions L'incidence des Depenses Fiscales Provenant des Deductions Sur le Revenu Imposable des Particuliers Accordees Par les Gouvernements Federal et Provincial au Quebec. Utilisant des Donnees Originales Pour L'annee 1977, Nous Mesurons Separement les Depenses Fiscales des Deux Niveaux...

Analyses of trade quotas typically assume that the quota restricts the flow of some nondurable good. Many real-world quotas, however, restrict the stock of durable imports. We consider the cases where (1) anyone is free to export against such quotas and where (2) only those allocated portions of...

This paper offers an explanation of rationally contracts where incompeteness refers to unforeseen contingencies. Agents enter a relationship with two-sided moral hazard in which a commitment to discard parts of the joint resources may be ex ante efficient.