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...

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...

In the context of the development of the Internet, numerous electronic payment systems have been set up in order to secure on line payments. The object of the paper precisely consists in taking the measure of these evolutions to question some banking and monetary incidences of the development of...

During the 70?s, the outstanding achievement of the ?Third Italy? led to the rehabilitation of the Marshallian concept of industrial district and to a growing number of studies on the productive system whose development can be mostly explained by the geographical concentration of activities. At...