Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and building prices. European countries, especially France,...

Aghion and coauthors put forward a model which exhibits an inverted-U-shape relationship between innovation and competition: competition may increase the innovation profit margin for firms close to the technological frontier (since they escape competition) but strong competition could also...

France, which is often seen as an unusual country with a rigid 35-hour working week, has experienced massive changes in its regulation of working time in recent decades, including a progressive removal of 35-hour working week laws. These changes have affected and continue to affect workplace...