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We analyze the contract-based relationship between a local community and a private operator in charge of a water utility. An important feature of the regulation model is the existence of water network losses that may reduce the operator's cost. We derive solutions to the optimal contract both...
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French Abstract: Le coronavirus (COVID-19) a provoqué une baisse de l'activité économique mondiale, exacerbée par des mesures de distanciation sociale qui ont perturbé des secteurs couvrant le tourisme, l'industrie manufacturière et l'énergie. L'augmentation de l'inflation et...
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, extended by taking the Welfare System and its financing into account. Indeed, even if the Welfare System is mostly financed by …
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The goal of this paper is to gauge the impact of the expected oil price increase on the potential output growth of the French economy in the long run. This potential output exercise is conducted using CES (Constant Elasticity of Substitution) production functions featuring three factors:...
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variables and yields a modest welfare gain. In the no--friction model, this welfare gain is substantially reduced when the …
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