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...

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...

This note focuses on the design of prevention programmes and the role of tort law regarding the control of risky activities, associated with unknown or imperfectly known risks, such as innovation or (long term) environmental damages. Together with the existence of perception bias on the side of...

How cooperation emerges between non-kins is a key issue for understanding the evolution of societies. Exploring the role of the heterogeneity of social preferences in the decision to contribute to the provision of public goods reveals that conditional cooperation explains the decay of...

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,...