L'intérêt des marchés internationaux de droits à polluer réside dans leur potentiel à atteindre un objectif de réduction de pollution de manière efficiente. Malheureusement, la tendance des pays participants à taxer localement les biens polluants remet en cause ce potentiel. Nous...

Criteria for initiation of highly active antiretroviral treatments (haart) in hiv-infected patients remain a matter of debate world-wide because short-term benefits have to be balanced with costs of these therapies, and restrictions placed on future treatment options if resistant viral strains...

The impact of various taxes on extraction and investment programs is fairly well understood. However some institutions and some features of non-renewable-resource taxation remain mysterious in their apparent complexity. I argue that such "modern" considerations as information asymmetries,...

This paper deals with the effect of taxation on the extraction path of a nonrenewable natural resource. It presents a synthesis of some recent papers on the subject. Although the analytical framework is designed to study the effect of quite general forms of taxes, the emphasis is put in the...

I discuss the role of information and transaction costs in environmental economics, starting with the early stages of the universe. J’étudie le rôle de l’information et des coûts de transaction en économie de l’environnement, en commençant par les origines.

Using semi-parametric and non-parametric estimation techniques, we infer cost distributions and informational rents from 457 bids for snow removal contracts offered for tender by the City of Montreal between 1990 and 1998. Bids and costs have decreased over the sample period, while rents...

We model investments in capacity in a homogeneous product duopoly facing uncertain demand growth. Capacity building is achieved through adding production units that are durable and lumpy and whose cost is irreversible. There is no exogenous order of moves, no first-mover or second-mover...