In this paper we consider the problem of compatibility between networks when the consumers of a network service value the capacity of the network itself rather than the number of users. Compatibility decisions are modelled as the outcome of a three stages game where strategies include...

There are different formulations of capital inertia based on costs of adjustment. The differences in the results derive essentially from the returns to scale of the revenu fonction relating production and costs. Based on an example, we study two questions bearing on the role of the anticipated...

Parental altruism plays a particular role when standard-of-living aspirations are transmitted from one generation to the next. The influence of altruistic parents is not limited to the bequest they could leave; they also direct the evolution of children's aspirations by restraining their own...

We analyze an intertemporal disequilibrium macroeconomic model under perfect foresight and with a fixed real wage. The focus is on investment behavior derived from an intertemporal optimization. The introduction of overtime work ensures the absence of discontinuities between regimes. This...

This paper analyzes the macroeconomic effects of the patents system within the framework of an endogenous growth model with new products development. We assume that patents not only represent a commercial protection for innovators but also entail a partial property right on information....

Private property in land has often been criticized because it is supposed to bring about a waste of productive resources weakening economic growth. Indeed, because it is non reproductible, land earns a rent which increases in a growing economy and whose capitalization decreases the "productive"...

We contrast private and public ownership of environment in their ability to internalize the negative externality associated to the urge of the environment in the production process. This paper constructs a dynamic general equilibrium model with overlapping generations and property rights on...

We develop a model in which workers tend to work too much when young because they can not or do not want to see the consequences on their health and on their capacity to work for a longer period. To force them to better distribute their work efforts over

This paper provides a short survey of the theoretical discussion on the equivalence between taxation and debt financing of public expenditures. It stresses that the key assumption in this debate concerns the behaviour of individuals towards their economic environment and public policy. Then, it...

On the basis of French individual data, this paper compares the effects of demographic change, changes in morbidity and changes in practices on the growth in health expenditures that occurred between 1992 and 2000. Micro simulations show that the rise in expenditures due to ageing is relatively...