In this paper, we propose an alternative approach to estimate long-term risk. Instead of using the static square root method, we use a dynamic approach based on volatility forecasting by non-linear models. We explore the possibility of improving the estimations by different models and...

The employment of the seniors is one of the stakes of the next years in our developed companies. Indeed those will be more numerous, at the same time for demographic reasons and because of the retreat of the retirement age (in particular for the women). Thus, the companies will be more often...

Cet article propose une réflexion générale sur le système des brevets. Trois questions sont d'abord examinées : 1. Le brevet favorise-t-il l'innovation ? 2. La propriété intellectuelle est-elle comparable aux autres formes de propriété ? 3. La protection par le brevet est-elle...

We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occuring out of equilibrium.

We use a firm production function approach to generate estimates of total factor productivity (TFP) and labor productivity in the manufacturing sector for a group of Latin American countries. We exploit these estimates to study the relative position of countries within this sector and to explore...

Par sa politique d'attractivité de l'investissement direct étranger l'Etat est le principal responsable de la mondialisation. La crise le pousse à amplifier cette politique, à surenchérir sur les autres Etats, tandis que les firmes multinationales continuent à arbitrer entre les Etats hôtes

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rates has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...

Earlier studies suggest that income taxation may affect not only labour supply but also domestic work. Here we investigate the impact of income taxation on partners' labour supply and housework, using data for France that taxes incomes of married couples jointly. We estimate a household utility...

In France a National Objective for Health Insurance Spending (ONDAM) is annually voted by the Parliament since 1996 and is divided into four sub-groups corresponding to a category of care. We describe how the initial diversity in providers' payment rules conduced to particular regulation...

We study international competition in high-end products for 416 detailed HS6 product categories marketed by leading French luxury brands. We construct a world database of trade flows for these products in the period 1994-2009, computing unit values of related bilateral trade flows and analyzing...