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Persistent link: https://www.econbiz.de/10011072668
Le rapport étudie la situation de l'Union européenne, comparée à celle des Etats-Unis, en matière de politique industrielle et d'innovation, notamment dans les technologies de l'information, de la communication et de la biologie ; il fait le point sur les politiques industrielles menées en...
Persistent link: https://www.econbiz.de/10011072892
L'objectif de cet article est, à partir de l‟étude de deux cas réels de conception de programmes de recherche au sein de l‟Agence Nationale de la Recherche, de développer une analyse sur les trois approches – jeux d‟acteurs, instrumentation, et concepts et connaissances à l‟oeuvre...
Persistent link: https://www.econbiz.de/10011074384
The aim of the paper is to analyze the impact of heterogeneous beliefs in an otherwise standard competitive complete markets discrete time economy. The construction of a consensus belief, as well as a consensus consumer are shown to be valid modulo a predictable aggregation bias, which takes the...
Persistent link: https://www.econbiz.de/10010905234
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and assets with allocations of endowments, identifies the preferences and beliefs of individuals under uncertainty; this is the case even if the asset market is incomplete.
Persistent link: https://www.econbiz.de/10010783745
Persistent link: https://www.econbiz.de/10010706759
This article proposes a theory of banking of emission permits under conditions of regulatory uncertainty. Based on a two-period partial equilibrium framework, we examine the effects of increasing risk - in the sense of a mean-preserving spread - regarding a future permits allocation at the...
Persistent link: https://www.econbiz.de/10010708664
This paper examines seasoned equity offerings in France. Even though a rights offering is the primary flotation method, French companies are increasingly using the relatively expensive public offering method. We show that the market reaction to the announcement of seasoned equity issues is...
Persistent link: https://www.econbiz.de/10010708804
In this article, we investigate the relevance of the glass ceiling hypothesis in France, according to which there exist larger gender wage gaps at the upper tail of the wage distribution. Using a matched worker-firm data set of about 1 30 000 employees and 14 000 employers, we estimate quantile...
Persistent link: https://www.econbiz.de/10011071925
This article examines the impact of varying mandatory pensions on saving, life insurance, and annuity markets in an adverse selection economy. Under reasonable restrictions, we find unambiguous effects on market size, participation rates, and equilibrium prices. The degree of adverse selection,...
Persistent link: https://www.econbiz.de/10011166457