I examine in detail the motives of bilateral aid allocation decisions, as they are revealed by data on bilateral aid commitments. I identify both self-interest and recipient needs and merits motives in aid allocation. Self-interest motives are related to economic and political ties between...

Most studies on the green tax reform issue point out that environmental taxes exacerbate pre-existing tax distortions, thereby increasing the welfare costs associated with the overall tax code. As a result, the optimal environmental tax should lie below the Pigovian level (or marginal social...

In this paper, we study the on-line version of the bin-packing problem. We analyze the approximation behaviour of an on-line bin-packing algorithm under an approximation criterion called differential ratio. We are interested in two types of results : the differential competitivity ratio...

The aim of this paper is to scope the different institutional possibilities offered to the Europeans infrastructure managers into obtaining the most efficient cooperation between them and evaluate the possible effects of the European commission policy on this topic. The goal of this cooperation...

This paper investigates the relative importance of different types of news in driving significant stock price changes of firms in the defense industry. We implement a systematic event study with a sample of the 58 largest publicly listed companies in the defense industry, over the time period...

We introduce a two-period general equilibrium model with uncertainty and incomplete financial markets, where default is allowed and agents face in case they do default an utility penalty, which is their own private information. In this setting, if agents have heterogeneous characteristics they...

This article is to be published in the May 2006 issue of the Monthly Review. Nowadays, neoclassical economics' domination of development theory is on par with that of high finance's neoliberal power over development policies. There are important complementarities between these two forms of...

This paper deals with the impact of family policies on the mothers’ employment in France and Sweden. In order to compare family policies' effects on the mothers’ labour market, we first examine the institutional structures of the two countries, concerning parental leaves programs and public...

In this paper, we study the on-line version of maximum-weighted hereditary subgraph problems. In our on-line model, the final instance-graph (which has n vertices) is revealed in t clusters, 2 £ t £ n. We first focus on the on-line version of the following problem : finding a maximum-weighted...

This article is the introduction of an issue (to be published) of the U.S. review International Journal of Political Economy on the Cuban economy, and coordinated by Rémy Herrera. It deals with the progresses, but also with the deficiencies, of the Cuban revolution in the economic field, until...