We pursue the analysis of the Path Serial Cost Sharing Rule by examining how the cost share of an agent varies with respect to its own demand and the one of other agents. We also provide bounds for cost shares under an appropriate assumption on the cost function.<P> On poursuit l'analyse de la...</p>

This paper examines the relationship between increasing budget deficits and tax rate for Benin, Côte d'Ivoire, Niger and Togo. This investigation is based on Johansen cointegration approach and Granger causality tests. The findings suggest firstly that these variables are not cointegrated for...

In this paper, we develop a growth model in which human being is a production factor which can be combined with a fixed factor, say land, to produce a homogeneous commodity. Saving, so to speak, can only be made through having children, the number of which is an endogenous decision to the...

This paper develops a consumption-based asset pricing model in which attitudes towards risk are contingent upon the state of the world. For a low (high) level of consumption relative to a subjective metric, counter-cyclical (pro-cyclical) risk aversion implies that consumption shocks generate...

L'eau est devenue une ressource naturelle précieuse dans la plupart des régions du monde. Avec une croissance phénoménale de la demande, les gouvernements des pays au prise avec cette rareté nouvelle ont tenté d'y faire face en augmentant la capacité de stockage de l'or blanc. Depuis le...

L'évolution de la consommation d'énergie entre deux périodes peut être décomposée de manière à souligner les rôles joués par le niveau d'activité économique, le changement structurel à l'intérieur du secteur étudié, les conditions climatiques et l'efficacité énergétique. Nous...

A general class of progressivity indices is proposed which is consistent with the well-developed theory of the measurement of inequality and social welfare. In particular, we show that the more progressive a tax system, the more equal the distribution of net income and the greater the...