Bhagwati and Brecher (1980) showed that when the relative amount of foreign-owned factors in the host country is sufficiently large as to induce a change in the direction of the trade pattern, immiserising tariff reductions may occur. Here it is shown that in the mirror case when foreign-owned...

The paper reviews the evolution in insurance economics over the past 25 years, by first recalling the situation in 1973, then presenting the developments and new approaches which flourished since then. The paper argues that these developments were only possible because steady advances were made...

This paper uses a three-factor (capital, low and high-skill labour), two-household (low and high-skill individuals), two-sector trade model to analyse the determinants of voter attitudes towards immigration under direct democracy and identify factors that would be coherent with both the observed...

Cet article propose un modele simple de croissance endogene en presence de recherche et developpement (R-D) publique et de R-D privee base sur le modele a variete de biens intermediaires de Barro et Sala- i-Martin. Il procede ensuite a une analyse comparative de deux instruments de la politique...

This article examines, under the Dual Theory of Choice (Yaari (1987)), the classical results and their extensions on self-insurance, self-protection and market insurance obtained by Ehrlich and Becker (1972) under the expected utility hypothesis. In particular, background risk, non-reliability,...

This paper extends the influence-driven model of trade policy determination to include general equilibrium effets on the supply side resulting from labour-market interaction and intermediate goods. The model's predictions for the structure of protection are related to underlying taste and...