This book contributes fresh theoretical and empirical evidence on competitiveness and growth in connection with the commitment made by European leaders at the Lisbon Summit in 2000 to ‘render the European Union the most competitive and dynamic knowledge based economy in the world by 2010,...

This paper examines how patent renewal fees may be restructured to discourage low-value patents with the goal of reducing the burden on patent offices without unduly impairing innovation incentives. We depart from Pakes’ (1986, Econometrica, <Emphasis Type="Bold">54, 755–784) real-option model by moving to an...</emphasis>

Uncertainty on effective stocks or damages is the core of most irreversible economic decisions involving natural resources and the environment and, more generally, of most investment decisions. The discussion on the relevance of the precautionary principle is illustrative of this role. Although...

The Arrow and Fisher [1974] model of environmental preservation with irreversibility and uncertainty is reconsidered in the perspective of the real option theory. Thanks to this approach, an extension of the model to the continuous time case with a partial exploitation of non renewable resources...

[fre] Le modèle de l’électeur médian postule que l’offre de bien public est déterminée par la demande de l’électeur médian, supposé décisif lors des élections. L’article propose deux nouveaux tests de cette hypothèse sur les villes de plus de 10 000 habitants en France. Pour...

We investigate how emission abatement and technological innovation provide different solutions to reduce pollutant emissions. In the case of a stock externality emission abatement leads to a smooth and continuous adjustment of emissions. Conversely, technological innovation has to be interpreted...