The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary proposals are each granted a single extra bonus vote to cast as desired - a streamlined version of Storable Votes. When the order of the agenda is exogenous, a simple sufficient...

Entre 1990 et 1997, le taux du chômage en Algérie a doublé, touchant plus de 20% de la population active. Si depuis 2004 une baisse sensible a été enregistrée, elle semble surtout refléter l'extension du secteur informel, qui représente plus de 25% de l'emploi recensé. Cette exclusion...

Cet article se concentre sur les propositions de dette subordonnée obligatoire comme instrument de discipline de marché. Une Politique de Dette Subordonnée (PDS) se définit comme une exigence réglementaire formelle par laquelle les grandes banques sont obligées d'émettre régulièrement...

This paper analyzes the assignment of durable objects to successive generations of agents who live for two periods. The optimal assignment rule is stationary, favors old agents and is determined by a selectivity function which satisfies an iterative functional differential equation. More patient...

Planning and other territorial policies within Europe are more and more dependant upon its relations with the rest of the world. The growing international flows (migrants, trade, investments, polluting agents) interact with the European territories; moreover, the vision the Europeans have of...

Inspired by the recent literature on aggregation theory, we aim at relating the long range correlation of the stocks return volatility to the heterogeneity of the investors' expectations about the level of the future volatility. Based on a semi-parametric model of investors' anticipations, we...

A l'origine, l'analyse décisionnelle avait été développée et appliquée pour concevoir des systèmes complexes d'automatisation. Sa transcription dans le domaine du management s'avère particulièrement intéressante. Le raisonnement présenté ici concerne les organisations au sens large,...

We analyze the incentives of a controlling shareholder of a firm to acquire, directly or indirectly through his firm, shares in a competitor. We charaterize the conditions under which these partial acquisitions as well as the equilibrium toehold and its nature: controlling or silent. We find...

It was a hope of LDCs that the DOHA round would bring them greater market access in OECD countries than for non-LDCs. Using HS-6 tariff level data for the US and the EU for 2004, this paper estimates that, once the erosion from preferential access into the EU to non-LDCs are taken into account,...

les concepts de référence (loi, norme, valeur, règle, principe)