We discuss compensation schemes that should give incentives to EU countries and citizens to acquire a lingua franca. We consider three possible candidate languages: English, French and German, which are already the most widely spoken languages. In our model, countries can claim compensations...

This chapter presents an acknowledgement by the author to various other people, such as Orley Ashenfelter and Alan Kruege from the Industrial Relations Section at Princeton, for the help in consistently acting to ensure the very best outcome for the major projects described in this volume.

While there are no significant investment characteristics that inhibit art from being considered as an asset, a major hurdle has long been the lack of a systematic measure of its financial performance. Due to its heterogeneity (each piece is different) and its infrequency of trading (the exact...

In his essay on imitation in the arts, Adam Smith considers that the exact copy of an artwork always deserves less merit than the original. But the hierarchy between copies and originals has changed over time. So has the perception of copies by lawyers, philosophers, art historians and curators....

The paper is devoted to an econometric analysis of learning foreign languages in all parts of the world. Our sample covers 193 countries and 13 important languages. Four factors significantly explain learning, two of which affect the broad decision to learn, while two concern as well the choice...