L'interdependance des economies est etudiee dans un modele de croissance a deux pays avec horizon infini et prevision parfaite. La dynamique du modele en particulier la repartition de la consommation entre les pays et l'evolution de la dette exterieure explicitees.

The empirical evidence on sources of corporate financing strongly suggests that firms prefer internally generated funds to debt and debt to equity in financing their investment activities. What is the economic rationale for this preference ordering or pecking order? We provide an explanation...

This paper explores the consequences of non-additive expected utility on risk-sharing and equilibrium in a general equilibrium set-up. We establish that convexity of an agent's preferences (or strong uncertainty aversion) is equivalent to the convexity of his capacity and concavity of his...

We build spaces of q.p. (quasi-periodic) functions and we establich some of their properties. They are motivated by the Perceival approach to q.p. solutions of Hamiltonian systems. The periodic solutions of an adequat Partial Differential Equation are related to the q.p. solutions of an Ordinar...

The last twenty years have seen a rise of inequalities and a slowdown of growth in the US and Europe. It is common wisdom to interpret the rise of inequalities as the result of a skill-biased labor demand shift. While there is a strong evidence that such a shift has happened, this overlooks the...

Cet article montre dans quelle mesure des politiques economiques de nature reglementaire sont susceptibles d'inflechir les phenomenes de concentration des productions agricoles dans les bassins des productions les plus competitifs.

We study the relationship between social segmentation and income inequality by means of the economic theory of clubs with private provision of the club good. After having characterized the equilibrium partition of society in clubs and investigating its characteristics, we show how the clubs'...

This paper adds to the empirical literature on business cycle properties across exchange rate regimes. Earlier research examined the consequences of the Bretton Woods system on international stylized facts. However, the conclusions might be biased by the oil shocks at the beginning of the...

Lexical parsing is the whole set of techniques to increase from a raw text to a sequence of tagged words ; these tags are morphological and grammatical information. Lexical parsing generally uses an electronic dictionary. But a few of them accommodate themselves to proper nouns that are a...