The paper examines the relevance of information asymmetry between the managers of the firm and the market for the equity issue process. It uses four proxies for information asymmetry and presents three groups of tests: cross-sectional regressions of the reaction at equity issue announcements,...

This paper highlights the relationships between environmental policy and the structure of the environmental goods and services industry. It first provides a short history of the latter sector and briefly describes its main segments and economic trends. The impact of particular policy...

We propose a dynamic graph-theoretic model for ecosystem management as a control over networked system composed of target nodes and unmarked nodes. The network is represented by a complete graph, in which all vertices are connected by a unique edge. Target nodes are attracted by the objective...

It is commonly found that uncertainty helps discipline economic agents in strategic contexts. Using a stochastic variant of the Nash Demand Game, we show that the presence of uncertainty may have a dramatically opposite effect. Cautious (efficient) and dangerous (inefficient) equilibria may...

It is well known that an efficient pollution taxation scheme should charge each source according to its specific marginal contribution to social damages. Despite significant advances in environmental assessment, geographic information systems and data analysis, this requirement would impose...

Sous la direction de Benoit A. Aubert et Jean-Grégoire Bernard Les organisations, qu'elles soient privées ou publiques, locales ou globales, diversifiées ou non, fonctionnent dans des environnements constamment en évolution, ce qui rend cruciales l'analyse et la gestion des relations...

(Sous la direction de Michel Poitevin) Impartition et sous-traitance apparaissent souvent comme des synonymes : pourtant, les deux termes recoupent des réalités distinctes. La sous-traitance renvoie aux modalités - économiques ou légales - de toute forme de délégation. L'impartition...