A l’heure de l’économie du savoir et de la connaissance, l’éducation est devenue un enjeu majeur et l’enseignement a acquis une place centrale dans le processus de production d’éducation. Dans ces conditions, sont recherchés les moyens d’augmenter la performance des enseignants...

The present paper develops a two-period, simple model of inter- bank competition based on the idea that banks can partially control the behaviour of borrowers. The control effort by one bank over its customers is not observable by competitor banks. It is shown that the equilibrium behaviour of...

Nous passons en revue quelques résultats récents sur la concrétisation des solutions concurrentielles d'économies où les agents ne disposent pas tous de la même information. Dans ce cadre, l'extension des définitions formalisées par Arrow et Debreu suscite de nombreuses difficultés...

For a two-period screening model of strikes it is shown that joint bargaining instead of enterprise negotiations lowers wages and implies more strikes. These results hold irrespective of the party possessing private information. The sensitivity of strike models to procedural assumptions thus...

Le processus de défaillance d’une entreprise, lorsqu’il résulte d’une dégradation de ses performances économiques est affecté par les règles de partage qui prendront place en cas de liquidation. Il existe notamment , en cas de dégradation continue des résultats, des incitations...

This paper studies an R&D outsourcing contract between a firm and a contractor, considereing the possibility that in the interim stage, the contractor might sell the innovation to the rival firm. Our result points out that due to the competition in the interim stage, the reward needed to prevent...

In this paper, we study a pure exchange economy with idiosyncratic uncertainty, hidden action and multiple consumption goods. We consider two different market structures : contingent markets on the one hand, and financial and spot markets on the other hand. We propose a competitive equilibrium...

Empirical testing of asymmetric information in the insurance market has uncovered a negative correlation between risks levels and insurance purchases, rather than the positive correlation predicted by the standard insurance theory. Hemenway (1990) proposes an explanation for this negative...

We study information revelation in markets with pairwise meetings. We focus on the one sided case and perform a dynamic analysis of a constant entry flow model. The same question has been studied in an identical framework in Serrano and Yosha (1993) but they limit their analysis to the...

Some empirical works from the nineties have shown the existence of a negative relationship between inequality and growth. In this paper I show that the inefficiency of the Public Sector due to agency problems can be a new element that must e considered to explain the negative empirical...