Les objectifs fixés par l'accord de Kyoto, s'ils seront respectés, imposent des changements fondamentaux dans la structure de l'économie nord-américaine. Ce texte met en évidence l'ampleur du défi de Kyoto en décrivant clairement l'inertie historique dans l'industrie électrique...

The Clean Air Act Amendments (CAAA) of 1990 will have a major impact on U.S. coal markets. We argue that coal suppliers will be able to use the market in sulfur dioxide emissions allowances created by the CAAA to increase the range of their competitive strategies in their core business, coal....

We present a simple, positive model in which regulatory enforcement is a 2-stage process. In the first stage firms are subject to random inspection. The inspection yields a noisy signal of the firm's true performance. Only if the signal exceeds some critical or "trigger" value is the firm...

L'industrie de l'électricité subit une restructuration à l'échelle mondiale. La concurrence est introduite au niveau de la production alors que le transport et la distribution demeurent des monopoles réglementés par les gouvernements. Aux États-Unis, il y a déjà ouverture du marché de...

If they are to be attained, the objectives set in the Kyoto Protocol will impose fundamental changes on the structure of North America's economy. This text highlights the extent of the Kyoto challenge by clearly describing the historical inertia in terms of total market shares for different...

The preservation of biodiversity requires the protection of endangered species' habitats. In Canada, approximately 60% of these habitats are located on private lands. We start by analysing the obstacles to the protection of endangered species' habitats, with special attention to the compensation...

World wide the electricity industry is undergoing a substantial process of restructuring, with an emphasis on the introduction of competition in the generation sector. Competition is ostensibly going to lead to better incentives, both in the use of existing resources and in future investment...