This article considers a location choice between two identical countries differentiated only by the protection they provide to corporate owners of intellectual property rights. It is shown that when foreign direct investment deters entry by local imitators, the multinational firms settles into...

After specifying the nature of taxes as a coercive power application and as a public authority expression, this article examines the way economic tax theories acknowledge these essential fiscal dimensions. We first consider the particular position of the old French public financial economics;...

This working paper offers tools for rethinking the role of ?good governance? in development strategies. What is ?good governance?? Transparency of public action, control of corruption, free operation of markets, democracy and the rule of law. Along with macroeconomic stabilisation, ?good...

The importance of The Spirit of laws for the political and economic thought is well-known. The aim of the paper is to reconsider the famous statements on political stability through the recent developments of New Political Economy. More precisely, we show that, as in many models of NPE, economic...

The aim of this article is to analyze the behavior of a consumer towards a current good whose consumption generates a health risk occurring soon after, such as a risk of food poisoning related to the presence of harmful elements. Starting from a simple model, in which the function of individual...

We consider, in this paper, the allocation of pollution quotas as a mechanism design problem. The first objective of pollution quotas is to reduce pollution, but raising revenue is an additional goal when taxation is distortionary. As there is a conflict between allocative efficiency and...

This paper investigates the impact of health risk on insurance contract with hazard moral. We use a bi-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance market. A full coverage is possible with moral hazard....

The emergence and diffusion of information and communication technologies ( ICT ) raise potential growth along uncertain proportions and for an indeterminate period. This speeding up of growth and the partly transitory slowdown of inflation that comes with it are featured here as the ?New...

In a heterogeneous financial system, we study a capital crunch transmission on total investment. We develop a model of endogenous credit allocation in which investors, small and large banks differ according to their level of capital and monitoring technology. In a context of moral hazard,...

This article investigates the effects of a public labelling system in a context of international trade. A simple framework allows to present some distortions linked to such a policy. A trade liberalisation situation may lead to a change in the label policy, where the foreign seller incurs the...