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This paper studies the maximin paths of the canonical Dasgupta-Heal-Solow model when the stock of natural capital is a direct argument of well-being, besides consumption. Hartwick's rule then appears as an efficient tool to characterize solutions in a variety of settings. We start with the case...
Persistent link: https://www.econbiz.de/10010750429
This paper studies the undiscounted utilitarian optimal paths of the canonical Dasgupta-Heal-Solow model when the stock of natural capital is a direct argument of well-being, besides consumption. We use a Keynes-Ramsey rule wich yields a generalization of Hartwick's rule : if society has a zero...
Persistent link: https://www.econbiz.de/10010738463
differences remain however: a higher rate of membership and a more important weight of the foundations in Germany …
Persistent link: https://www.econbiz.de/10011025766
The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10010751014
regarding monopoly and cartel policy. Undertakings have to manoeuvre through a complex universe. Not only must they master the … competition and add up to the aforementioned. Monopoly and cartel policy presents itself as an important limitation to the freedom … harmful to competition insomuch as cartel and monopolies or taking advantage of a dominant position are means generally …
Persistent link: https://www.econbiz.de/10010592989
Les enseignements de Murray Rothbard relatifs au monopole et à la concurrence ont l'immense avantage d'en présenter une conception réaliste, au contraire des manuels conventionnels mettant leurs lecteurs sur la piste d'une fausse dichotomie entre concurrence pure et parfaite et concurrence...
Persistent link: https://www.econbiz.de/10010820686
Le secteur de la distribution automobile en Europe présente une particularité au regard des règles générales de la concurrence : il fait l'objet d'un règlement d'exemption par catégorie. Celui ci autorise la permanence de relations verticales fortes entre les constructeurs et leurs...
Persistent link: https://www.econbiz.de/10008792730
The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10008795633
organized in a "well-coordinated" cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if … the cartel pay to get an efficient allocation or randomly allocating the item. We then discuss the way to implement this …
Persistent link: https://www.econbiz.de/10010899614