Regarding the decline of book-to-market ratio, resulting from a very imperfect recognition of intangible capital, this paper aims to examine the foundation of organization capital measurement. By using the rule of representation (Ijiri, 1975), which indicates a lack of isomorphism between the...

Access to modern energy is believed to be a prerequisite for sustainable development, poverty alleviation and the achievement of the Millennium Development Goals. However, theoretical models and empirical results offer conflicting evidence on the relationship between energy consumption and...

Since 2004, the Government of Senegal has adopted an accelerated growth program in the aim o reducing poverty by half before 2015 (Millennium Development Goal). This article criticizes thi program by analysing his pro-poor components. It shows that policies are too much oriented toward sectors...

Many countries simultaneously suffer from high rates of inflation, low growth rates of per capita income and poorly developed financial sectors. In this paper, we integrate a microfounded model of money and finance into a model of endogenous growth to examine the effects of inflation and...

We propose a model in which, as incomes grow, workers become less risk-averse and move from fixed-wage contracts to variable pay. This can explain the recent increase in wage dispersion between groups, within groups, and over the lifecycle.

The paper proposes an analytical framework for comparing different business models for producing information goods and digital services. It is based on three dimensions that also refer to contrasted literature: the economics of matching, the economics of assembling and the economics of knowledge...