This paper examines a characteristic of common property problems unmodeled in the published literature: Extracted common reserves are aften stored privately rather than immediately. We examine the positive and normative effects of such storage.

Ce Texte Suggere L'utilisation de la Famille des Distributions de Probabilites a Quatre Parametres, la Beta Generalisee du Deuxieme Type (Gb2) Pour Analyser les Pertes D'assurance. la Gb2 a Comme Cas Particulier les Distributions Log-Normale, Gamma et Weibull. Elle Comprend Egalement Comme Cas...

Canada's Mergers Laws on the Books Since 1889, But in Their 75 Years History, Only Eight Merger Cases Have Been Taken Through a Full Trial and the Crown Has Never Won a Contested Case in Appeal. Based on This Record, the New Competition Act Has Tried to Remedy the Perceived Faults of the Old...

Dans Ce Texte, Nous Avons Choisi de Souligner Trois Contributions de Maurice Allais Qui Ont le Merite de Ne Pas le Confiner Dans un Role de Precurseur. Nous Examinons Successivement la Dynamique Microeconomique D'allais (Elle Est Toujours Revolutionnaire), Sa Caracterisation de la Substitution...

In spatial environments, we consider social welfare functions satisfying Arrow's requirements. i.e., weak Pareto and independence of irrelevant alternatives. When the policy space os a one-dimensional continuum, such a welfare function is determined by a collection of 2n strictly quasi-concave...

We discuss statistical inference problems associated with identification and testability in econometrics, and we emphasize the common nature of the two issues. After reviewing the relevant statistical notions, we consider in turn inference in nonparametric models and recent developments on...