The aim of this paper is to scope the different institutional possibilities offered to the Europeans infrastructure managers into obtaining the most efficient cooperation between them and evaluate the possible effects of the European commission policy on this topic. The goal of this cooperation...

This paper investigates the relative importance of different types of news in driving significant stock price changes of firms in the defense industry. We implement a systematic event study with a sample of the 58 largest publicly listed companies in the defense industry, over the time period...

We introduce a two-period general equilibrium model with uncertainty and incomplete financial markets, where default is allowed and agents face in case they do default an utility penalty, which is their own private information. In this setting, if agents have heterogeneous characteristics they...

This article is to be published in the May 2006 issue of the Monthly Review. Nowadays, neoclassical economics' domination of development theory is on par with that of high finance's neoliberal power over development policies. There are important complementarities between these two forms of...

This paper deals with the impact of family policies on the mothers’ employment in France and Sweden. In order to compare family policies' effects on the mothers’ labour market, we first examine the institutional structures of the two countries, concerning parental leaves programs and public...

In this paper, we study the on-line version of maximum-weighted hereditary subgraph problems. In our on-line model, the final instance-graph (which has n vertices) is revealed in t clusters, 2 £ t £ n. We first focus on the on-line version of the following problem : finding a maximum-weighted...

This article is the introduction of an issue (to be published) of the U.S. review International Journal of Political Economy on the Cuban economy, and coordinated by Rémy Herrera. It deals with the progresses, but also with the deficiencies, of the Cuban revolution in the economic field, until...

The Kyoto Protocol, which came in force in February 2005, allows countries to resort to "supplementary activities" consisting particularly in carbon sequestration in agricultural soils. Existing papers studying the optimal carbon sequestration recognize the importance of the temporality of...

In this paper, we establish theorems of the alternative for a system described by inequalities, equalities and an inclusion, which are generalizations of Tucker's classical theorem of the alternative, and develop Kuhn-Tucker necessary conditions for efficiency to mathematical programs in normed...

The treatment of capital costs, as either fixed or variable is a key for estimating markups. Data leans clearly towards fixity, which explains the high markups emphasized in previous studies based on Roeger's methodology. Direct estimation from the ratio of output over variable costs is preferable.