We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework. This evolution drives the dynamic of the agents in both...

In an upstream supply chain dedicated to the mass production of customized products, many sources create production instability: the level and structure of production in the final assembly line, variability of lead times, quality issues, packaging and loading constraints on transportation,...

This paper reexamines an important early contribution to the growth literature highlighted in 2000 by Cannon in the American Economic Review: "The production function in allocation and growth: A synthesis" by Marvin Frankel in 1962. First this contribution provides a formal proof in the...

La France est engagée, particulièrement depuis 1983, dans un lent processus de décentralisation de la formation professionnelle. Une étape significative a été franchie, en 1993, avec le transfert aux régions de la responsabilité de « mise en cohérence de l'offre de formation...

En premier lieu, c'est la critique du capitalisme et du fascisme comme la prolongation toujours possible de celui-ci qui nous semble devoir être traitée. L'interprétation chrétienne du marxisme, à laquelle se livre Polanyi, est une façon de comprendre la condition d'étrangeté qu'éprouve...

L'approche théorique de cette étude se fait par rapport à une optimisation du bien-être collectif. Un système de prix répond à des objectifs. L'objectif principal peut par exemple être de maximiser les recettes commerciales du producteur ou de maximiser le surplus social. Nous nous...

This paper addresses the issue of both domestic and cross border systemic risk for 8 countries in Southeast Asia (Hong Kong, Indonesia, Korea, Malaysia, The Philippines, Singapore, Taiwan and Thailand). We use weekly data on individual bank stock prices from 2000 to 2005 to construct bank...

We study how political boundaries and fiscal competition interact with the labor and land markets to determine the economic structure and performance of metropolitan areas. Contrary to general belief, institutional fragmentation need not be welfare-decreasing, and commuting from the suburbs to...

This paper provides an econometric examination of geographic R&D spillovers among countries by focusing on the issue of cross-sectional dependence. By applying several unit root tests, we first show that when the number of lags of the autoregressive component of augmented Dickey Fuller test-type...

This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each final or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this...