This paper compares three schemes for funding Universal Service Obligations in network industries with an essential facility: an uplift to the network access charge, the establishment of a Universal Service (US) fund financed through a lump-sum tax and a US fund financed through a unit tax. The...

Cross hedging is a way to improve statistical hedge results because of markets'incompletion. In this framework, several markets instead of just one market, are used to increase the hedger’s financial possibilities. In the Anderson-Danthine model (1981), the optimal hedge in the multivariate...

Partant d’une distinction historique entre les milieux académique et industriels, cet article se propose d’étudier la manière dont s’établissent des relations entre ces deux dynamiques. Ainsi, d’une découverte scientifique dans des laboratoires publics de biologie, à un produit ou...

The object of this article is to show the interactions between fiscal and monetary politics in a harmonization prospect within an economic integration. It tackles the cooperative and competitive behaviors of governments when setting an harmonization process. Whether the residence or the source...

The process of deregulation in network industries, in particular in the electric sector, raises the problem of Þnancing the Universal Service Obligations (USO) corresponding to the production, transport and distribution operations. In this paper, we study three ways of funding for an USO of...

According to empirical evidence, technological spillovers are spatially bounded. This is one of the main reasons why firms are induced to locate in close prox-imity despite tough competition. This paper is an attempt to endogenize such spillovers. For that purpose, we try to explain why spatial...

L'ouverture de la concurrence du marche americain du gaz naturel s'accompagne de profondes modifications des reglementations mises en place pour une organisation et un fonctionnement efficace de l'industrie gaziere. L'object principal de notre papier est d'essayer de transcrire les faits...