The most important allowances markets ? for SO<indice>2</indice> in the United States and for CO<indice>2</indice> in Europe ? have experienced delicate beginnings, with prices far below previous anticipations and very volatile. This paper attempts to explain this volatility ? due to over conformity to the pollution targets on...

The ?termination by mutual agreement? is a way for employer and employee to mutually agree for ending the labor contract. Officially, it permits to raise mutually beneficial agreements and to reduce the judge role (litigation?). First, what is at stake here is the bargaining capacity of the...