This paper discusses goods for which the amount of consumption determines its duration, with our primary concentration on health-related consumption. We argue that the features of such goods result in unique implications for private pricing and R&D, as well as impact important components of...

This paper describes the crisis of Romania's pension system , and analyses the reforms the government elected in 1996 is undertaking to resolve this crisis. Insolvency was principally due to demoralization of the system in the period following the collapse of Communism. Governments from 1990 to...

We consider Rational Expectations Equilibria in infinite horizon models in which equilibrium to-day depends upon the past, yesterday, and the future, to-morrow. We focus attention on a category of ''Sunspot Equilibria'', (` la Davila) that have a finite support and trigger a quasi-cyclic...

In this paper we use a survey of 281 Czech, Hungarian and Polish newly established small private firms in order to shed some light on the constraints these firms face in the credit market. We show that financial intermediation works reasonably well: it is difficult to find signs of credit...

Dans cet article nous centrons notre recherche sur la Russie et l'Ukraine ou le PIB officiel a particulierement baisse de 1991 a 1999. Dans ces deux pays nous avons le paradoxe apparent suivant: une tres forte baisse du PIB et une relative stabilite de l'emploi. En presentant nos estimations du...

Cette etude vise a reconstituer la trajectoire d'une lignee ascendante agnatique dans un cadre rural aux XIXe et XXe siecles et a en decrire les logiques d'accumulation et de transmission du patrimoine a partir des modeles economiques du paradigme neoclassique. L'itineraire patrimonial des six...