This article focuses on the evolution of the financial structures of the industrial Japanese firms listed between 1990 and 1999. It belongs to the category of Q-investment models, by studying the impact of the affiliation to a financial keiretsu on investment relative sensitivity to cash-flows....

This paper focuses on the mechanisms of collective control, such as in Japanese keiretsu, that are characterized by firms groupings, decentralized decision-makings and cross-shareholdings. We develop a model about these mechanisms based on initial incentive contracts offered by shareholders to...

The question at stake is that of the theoretical representation of marketable permits. The setting up of such markets to regulate pollution problems is justified by constant reference to the efficiency of market coordination. Indeed, Montgomery established in 1972 the existence of an efficient...

Usually, an economic good isn't available gratuitously, but the case of information goods and services (IGS) is specific. Their intrinsic properties allow zero prices that is unconceivable for the others economic private goods. The gratuitousness is not the aim of productive activity ; it...

This Working Paper deals with the progresses, but also with the deficiencies, of the Cuban revolution in the economic field, until the recent de-dollarization. It underlines its economic challenges at the beginning of the XXIst century, as well as its internal forces and external opportunities...

This paper deals with the last research decades about the concept of milieu innovateur as it has been created and utilized by a European research network, the GREMI, working on the territorial aspects of innovation and development. From the early typologies of territories innovation trajectoires...