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The Impact of Court Errors on Liability Sharing and Safety Regulation for Environmental/Industrial Accidents

Boyer, Marcel; Porrini, Donatella - Centre Interuniversitaire de Recherche en Analyse des … - 2010

financement. Il n'y a pas absence de congruence entre les objectifs des entreprises et financiers d'une part et la maximisation du …

Persistent link: https://www.econbiz.de/10008753205

Nash Implementable Liability Rules for Judgement-Proof Injurers

González, Patrick - Centre Interuniversitaire de Recherche en Analyse des … - 2004

I provide a complete characterization of Nash implementable allocations of spending in prevention by judgement-proof injurers. This characterization is used to identify the optimal rule that allows for the maximum total spending in prevention. The optimal rule amounts to apply the negligence...

Persistent link: https://www.econbiz.de/10005273013

Modeling the Choice Between Regulation and Liability in Terms of Social Welfare

Boyer, Marcel; Porrini, Donatella - Centre Interuniversitaire de Recherche en Analyse des … - 2002

regulatory capture. We characterize in this parameter space the regions where one system dominates the other. À l aide d un …

Persistent link: https://www.econbiz.de/10005100693

Sharing Liability Between Banks and Firms: The Case of Industrial Safety Risk

Boyer, Marcel; Porrini, Donatella - Centre Interuniversitaire de Recherche en Analyse des … - 2007

We characterize the distortions in environmental liability sharing between firms and banks that the imperfect implementation of government policies implies. These distortions stem from three factors: the presence of moral hazard, the use of objective functions by firms and banks that differs...

Persistent link: https://www.econbiz.de/10005100710

The Efficient Liability Sharing Factor For Environmental Disasters: Lessons For Optimal Insurance Regulation

Boyer, Marcel; Porrini, Donatella - Centre Interuniversitaire de Recherche en Analyse des … - 2008

industrial accidents. We derive policy implications regarding environmental disaster insurance policies. À l'aide d'un modèle …

Persistent link: https://www.econbiz.de/10005100766

Real Options, Preemption, and the Dynamics of Industry Investments

Boyer, Marcel; Lasserre, Pierre; Mariotti, Thomas; … - Centre Interuniversitaire de Recherche en Analyse des … - 2001

We study the development of a duopoly industry -evolution of firm capacities and competitive behavior- in a continuous-time real-options model of capacity investment. Our methodology allows the evaluation of investment options and exercise rules in a strategic setup. In the initial industry...

Persistent link: https://www.econbiz.de/10005100881

Preemption and Rent Dissipation with Multiple Investments

Boyer, Marcel; Lasserre, Pierre; Mariotti, Thomas; … - Centre Interuniversitaire de Recherche en Analyse des … - 2000

We study a simple duopoly model of preemption with multiple investments and instantaneous Bertrand competition in a stochastically growing market. Different patterns of equilibria may arise, depending on the importance of the real option effect. If the average growth rate of the market is close...

Persistent link: https://www.econbiz.de/10005100883

The Dynamics of Industry Investments

Boyer, Marcel; Lasserre, Pierre; Moreaux, Michel - Centre Interuniversitaire de Recherche en Analyse des … - 2007

We study the development of a duopoly in a continuous-time model of capacity investment under no commitment by firms regarding future actions. While capacity units are costly, indivisible, durable, and large relative to market size, early entry cannot secure a first-mover advantage and both...

Persistent link: https://www.econbiz.de/10005100992

Le financement public de l'enseignement universitaire au Québec

Lemelin, Clément - Centre Interuniversitaire de Recherche en Analyse des … - 2010

that these loans cease to be subsidized. Dans ce texte, nous considérons le financement public de l …'augmentation et à la modulation des droits de scolarité. L'aide financière aux étudiants devrait aussi être augmentée, mais continuer … d'être réservée aux plus démunis; l'accès accru à cette aide ne devrait se faire qu'au prix de la disparition de la …

Persistent link: https://www.econbiz.de/10008615071

Financing growing firms: issues and paradoxes / Financement des entreprises en croissance : questions et paradoxes

Carpentier, Cécile; Suret, Jean-Marc - Centre Interuniversitaire de Recherche en Analyse des … - 2008

cette abondance de fonds, le financement du démarrage et des rondes importantes de financement reste difficile. Pourquoi et …

Persistent link: https://www.econbiz.de/10008568668