We present and prove the equality between the core and the set of Walras allocations for a pure exchange economy with l goods and a continuum of consumers, represented by an atomless measure space.

As a transitional economy, Vietnam is moving to a market based economy. By gradual reforming strategy, the economic policies have been modified, renewed and changed overtime toward an economy with more market, more private and less state owned. Vietnam's foreign trade also moves in that...

In this paper, we prove the existence of equilibria when we consider a model with infinitely many commodities and when producers have increasing returns to scale or more general types of non-convexities.

This paper aims at measuring the robustness of Real Business Cycle international stylized facts across exchange rate regimes. I thus investigate th e impact of the Bretton Woods System and the ERM on the business cycle regularities. Thanks to bootstrap techniques, I measure the accuracy of the...

This paper presents and tests a model of cigarette consumption which mixes two types of intertemporal dependencies : habit-formation and learning about the health conseqences of smoking. This latter is argued to result from the observation of health developments, both one's own and those of...

Nous situons notre analyse dans le contexte de l'ouverture a la concurrence d'un bien reseau dans lequel l'operateur historique, integre verticalement, gere en monopole l'infrastructure et est concurrence sur les sectuers des services. La qualite du bien reseau est le minimum des qualite de...

L'ambition de ce travail est d'evaluer quantitativement la capacite de l'epargne de precaution a s'assurer contre le risque de chomage dans le cadre d'une economie caracterisee par des risques idiosyncratiques se traduisa nt par une heterogeneite sur le marche du travail. Il apparaît que...