Using data from financial reorganization plans filed by insolvent Canadian firms, we estimate the discount rate implicit in the unsecured creditors' reorganization decision. Using (HARA) utility functions, we find the implicit monthly discount rate of creditors to be 4.9%, which corresponds to...

How can we count and list all the Banzhaf or Shapley-Shubik index of power configurations for a given number of players? There is no formula in the literature that may give the cardinal of such a set, and moreover, even if this formula had existed, there is no formula which gives the...

[eng] Multiple unit root tests and seasonality. . To test multiple unit roots, Dickey et Pantula have shown that the usual upward testing sequence, which consists in testing first for one unit root, is statistically false. They built a downward testing sequence where the highest integration...

The purpose of this paper is to analyze the apportionment of seats in intercommunal structures in the Val-d?Oise region. We compare the observed distribution of the seats to a theoretical one obtained with the Webster?s method (or Saint-Laguë?s method). This comparison is made using the most...

L'objet de cet article est de mesurer le pouvoir des membres des conseils d'administration des universités françaises tel qu'il est défini par la loi relative aux libertés et responsabilités des universités (loi LRU). A l'aide d'outils issus de la théorie des jeux coopératifs, et en...

La loi LRU (loi relative aux libertés et responsabilités des universités) change la structure du pouvoir au sein des universités françaises. Seuls les membres du conseil d'administration prennent part à l'élection du président, alors qu'auparavant, les membres du conseil scien- tifique...

The aim of this article is to measure the power of the members of french universities boards of directors, power such as mentioned by the law relative to the liberties and the responsabilities of universities (in french, the ?LRU? law). We use tools from the cooperative game theory, and...

The Carrez law, came into force at the beginning of the second half of 1997, binds you to precise the surface for each sale contract about joint ownership goods (for instance, a flat). As the seller usually has more accurate information about the state and the size of the apartment, a...