<title>Abstract</title> We explain the firm downsizing trend of the recent decades by the new abundance of information -- the ICT revolution. Production processes differ in their information requirements: while decentralized production by means of market exchanges is information intensive, less information per...

We suggest, in a Coase-Demsetz perspective, that the social demand for individual rights—or freedoms (whether civil, political or economic)—is derived from, because complementary to, the changing size of hierarchical organizations. The general downsizing and decentralization process observed...

National account statistics typically omit some nonmarketed economic activity. Over time, if nonmarket activity declines relative to total economic activity, national accounts estimates of output and income, and their changes, will be overstated. This overstatement affects comparisons among...

Recent history shows that the scope of government varies substantially across countries and through time. Privatization phases alternate with nationalization episodes. The post WWII nationalization policies in Europe gave way to a privatization wave in the 1980s and are now followed by a return...

[eng] The rise of services in the developped economies seems to increase unemployment and to reduce growth. To test this idea, we need a precise evaluation of the effect on the gross national product of a greater number of working women, and particularly of the domestic tasks and their...

[fre] Lorsque les investisseurs se comportent selon les normes de rationalité de la théorie des choix de portefeuille, on montre que l'équilibre sur un marché financier correspond ― sous des hypothèses très générales ― à une relation linéaire entre la rentabilité moyenne et le...