The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...

This note analyzes some properties of optional two-part pricing in a two-type economy. First, the optimal contracts along the Paretian frontier are described. Then, the duality relation between the Rawlsian program and the discriminating monopoly is demonstrated. Last, this property is used to...

The aim of this research is to show that though French public policy advocates sustainable development, it unwittingly deters non-institutionalized sustainable practices. To illustrate this paradox, this research focuses on bulky item collection and the urban gleaning to which it gives rise. A...

The transition to retirement involves various disruptions, notably use of time and temporal perceptions. First, a qualitative study explores links between temporal perceptions and subjective experiences of retirement. Then, a quantitative study tests the influence of individual time perception...

Subjective welfare is an increasingly important topic for empirical literature. Several factors (psychological, socio-demographic and economic) are proposed to explain subjective welfare. Until now, research on subjective welfare has primarily focused on developed countries. Very little research...

An F-cone is a pointed and generating convex cone of a real vector space that is the union of a countable family of finite dimensional polyedral convex cones such that each of which is an extremel subset of the subsequent one. In this paper, we study securities markets with countably many...